Summary - 10 SHIRLAND DRIVE MANSFIELD NG18 3SQ
1 bed 1 bath Flat
Low-cost leasehold with strong local rental demand near major shops.
Ground-floor one-bedroom apartment, 428 sq ft
A compact ground-floor one-bedroom flat with immediate rental potential in Mansfield. The 428 sq ft apartment includes a modern kitchen, contemporary wet room and resident off-street parking, making it straightforward to let to local tenants or keep as a low-maintenance home.
This is an auction lot with a 106-year lease and low ongoing costs (ground rent reported at £10). Estimated rent is around £550 pcm, and council tax is very low — figures that support modest yield calculations. The property sits close to a large supermarket and everyday amenities, helping tenant demand in an outer-city location.
Buyers must note the sale method and fees: purchase is via auction with a non-refundable reservation fee of 4.5% (minimum £6,600) plus a £300 buyer pack fee, and completion is required within 56 days. The area shows high crime levels and significant social deprivation, which will affect tenant profiles and long-term capital growth.
The flat is small and partly dated in places (1970s-style decor noted), so some cosmetic updating could improve rental income and appeal. Suitable for investors seeking a straightforward let or first-time buyers wanting a low-maintenance ground-floor home, provided they factor in the auction costs and local area challenges.
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