Summary - Parade, Worksop, S80 S80 2AG
1 bed 1 bath Flat
Turnkey flat with steady rent and direct rail links to Nottingham and Mansfield.
Currently tenanted producing £550 pcm income
Long lease: 341 years remaining
Small footprint: 409 sq ft (compact living space)
High annual service charge circa £3,000
Ground rent approximately £250 per year
Very high recorded crime in the local area
Located on Worksop High Street with excellent transport links
Area classified as deprived — impacts tenant profile and demand
Situated above busy High Street shops in Worksop, this compact one-bedroom flat offers immediate rental income and strong transport links. The property is currently tenanted at £550pcm, providing a turnkey income stream for a buyer seeking a low-effort investment. The Robin Hood Line and nearby bus station are within easy walking distance, supporting tenant demand and connectivity to Nottingham and surrounding towns.
The apartment is small (409 sq ft) with modern finishes in the main room and kitchen, large windows and plenty of natural light. The building is leasehold with 341 years remaining, making the long lease term straightforward for finance and future re-sales. Annual outgoings include a sizeable service charge (about £3,000) and a modest ground rent (£250).
Buyers should weigh clear positives against notable area and cost factors. The immediate neighbourhood is classified as deprived with very high recorded crime levels — important for tenant sourcing, insurance and evening-time appeal. The property’s compact size limits owner-occupier comfort but suits single renters or couples and remains an efficient, let-ready option for investors.
Overall this is a practical, location-led investment: low entry price, existing rental income, long lease, and excellent transport. However, high service charges, local deprivation and crime statistics mean it’s best suited to investors prepared to manage lettings in a higher-risk urban location.
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