Low-entry auction buy with strong refurbishment upside — needs full renovation..
Three-bedroom mid-terrace requiring full refurbishment
Sold by auction — reservation fee applies (4.5%, min £6,600)
Approx. 814 sq ft; small plot and compact internal layout
Freehold tenure; constructed c.1900–1929 with period character
Very high local crime and very deprived area — affects resale/letting
Solid brick walls likely uninsulated; insulation works probable
Mains gas boiler and radiators present; heating should be inspected
Fast broadband and excellent mobile signal; close to town centre
A three-bedroom mid-terrace with period character and substantial renovation potential, located moments from Mansfield town centre. The property is offered at auction with a low starting bid, making it suitable for an investor or experienced DIY buyer prepared for a full refurbishment.
The house is compact (approx. 814 sq ft) across multiple floors, with a lounge, kitchen-diner, ground-floor bathroom and three upstairs bedrooms. Core services are present (mains gas boiler and radiators, double glazing of unknown age) but the property shows clear wear: peeling wallpaper, possible mould, and general decorative and structural attention required.
Important practical facts: sale by Modern Method of Auction requires a non-refundable reservation fee (4.5% of purchase price, minimum £6,600) plus a £300 buyer information pack cost. Completion is typically required within 56 days. The area scores high for crime and deprivation, which will affect lettability and resale values; rental yields may attract buyers who can manage tenant risk and invest in quality refurbishment.
For investors the strengths are the low entry price, freehold tenure, fast broadband and excellent mobile signal, and proximity to schools, shops and leisure facilities. Drawbacks are high local crime, small plot size, uninsulated solid brick walls (likely needing insulation works), unknown double-glazing age and an extensive refurbishment programme required before occupation or letting.