Summary - Stockwell Gate, Mansfield, Nottinghamshire, NG18 NG18 5GL
2 bed 2 bath Flat
Third-floor modern flat with parking, ideal for investors seeking rental income.
Potential rent £775 pcm
A compact two-bedroom, two-bathroom third-floor apartment with open-plan living and an allocated off-street parking bay. The modern purpose-built block has gated entry and lifts, and the flat benefits from double glazing and a fitted kitchen with integrated oven and hob.
Marketed for investors, the property is described with a potential rental income of £775 pcm, making it a straightforward let in a town-centre location close to shops, transport links and local hospitals. The internal layout includes an entrance hall with storage, an ensuite to one bedroom and a family bathroom serving the second bedroom.
Important practical considerations: the property is leasehold with 88 years remaining, a service charge of around £1,200 per year and a ground rent of £900 per year. It will be sold at auction via the Modern Method of Auction; buyers must sign a reservation agreement and pay a non-refundable reservation fee (4.5% of the price, minimum £6,600), plus a £300 pack fee. The listing states cash buyers only.
Be candid about location and safety: this part of Mansfield is classified as very deprived with very high crime rates and a transitional Eastern European neighbourhood character. Prospective purchasers should complete full due diligence, check lending eligibility if not buying cash, and factor in ongoing charges and auction fees before bidding.
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