Summary - Apartment 76, St. Crispins Court, Stockwell Gate NG18 5GL
2 bed 1 bath Apartment
Cash-friendly investment near Mansfield town centre with strong rental potential.
- Cash buyers only due to cladding remediation and funding uncertainty
- Majority of cladding removed; works paused after contractor insolvency
- Potential rent £650–700pcm (approx 12–13% gross yield)
- Electric room heating; appliances and heaters untested
- Sealed unit double glazing installed; mid-floor apartment
- Leasehold with 88 years remaining; service charge £1,534.86/year
- Off-street parking within the development
- Local area: very high crime and very deprived neighbourhood indicators
A compact two-bedroom mid-floor apartment close to Mansfield town centre, offering straightforward accommodation and immediate letting potential. The open-plan lounge and fitted kitchen, two double bedrooms and a three-piece bathroom make this an easy-to-manage investment or starter home. On-site parking and good transport links (M1, A38, Robin Hood line) add practical appeal.
Important safety and sale conditions affect this building: the property has been identified as having previously used flammable cladding and remedial works are in progress under the Building Safety Fund. Works were interrupted by contractor administration and responsibility/funding remain under discussion; the vast majority of the cladding has been removed. Because of this, the seller is seeking cash buyers only. Buyers should expect additional enquiries, possible delays and to confirm who will meet any outstanding remediation costs.
Practical details: the flat has electric room heaters and sealed-unit double glazing, a lease with 88 years remaining, and an annual service charge of £1,534.86. Council tax band A keeps running costs low. The agent estimates potential rent of £650–700pcm (around 12–13% gross return), but prospective landlords should allow for service charge and remediation risk when calculating net yield.
This is best suited to a cash buyer or investor who understands leasehold flats in managed developments and is prepared to progress purchases where building remediation is unresolved. Buyers should obtain their own legal, building-safety and rental-advice and have appliances and heating systems tested before commitment.
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