Summary - 28, WELBECK STREET, MANSFIELD NG18 1TG
2 bed 1 bath Terraced
Low-entry price for refurbishment or rental with fast road links and town access.
Freehold two-bedroom mid-terrace, approx. 890 sq ft
Sold by online auction; buyer’s premium and legal fees apply
No upward chain; Buy‑It‑Now option available
Close to town centre, A38/M1 links and several Good-rated schools
Small enclosed rear garden; permit on-street parking
Dated interiors; requires modernization and likely insulation work
Area: very deprived with very high crime — affects resale and lettings
Double glazing present; install date unknown
This two-bedroom mid-terrace on Welbeck Street is offered freehold with a Buy-It-Now option and will be sold via online auction. Its compact layout spans three storeys with two reception rooms, a small enclosed rear garden and on-street permit parking — a straightforward package for buyers seeking a low entry price and rental or renovation potential. The property lies close to Mansfield town centre and major road links (A38/M1), and local schools rated Good provide convenient community access.
The house is an early 20th-century Victorian terrace with double glazing (install date unknown) and mains gas central heating. Interiors are dated and will require modernization: expect cosmetic updates to flooring, kitchens and bathrooms, and possible work to original walls that likely lack insulation. The size is modest (about 890 sq ft) and best suits buyers who plan to refurbish for improved return or to create a comfortable small family/homelet.
Important selling points and costs are clear: the property is sold under the Modern Method of Auction with a non-refundable buyer’s premium (3.6% including VAT, minimum £6,600) plus a legal pack fee, and completion timescales differ from private treaty sales. There is no upward chain, which can speed completion once auction terms are met. Prospective purchasers should review the legal pack and complete their own due diligence, including structural, services and insulation checks.
The neighbourhood is classified as very deprived with very high local crime rates and a strong presence of constrained renters and transitional eastern European community. This affects owner-occupier appeal but also creates predictable rental demand for investors prepared to manage a property in this area. Buyers seeking a low-priced refurbishment or an investment with income potential will find this a realistic opportunity, provided they budget for renovation and allow for auction-related fees.
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