Summary - Apartment 73, St. Crispins Court, Stockwell Gate, MANSFIELD NG18 5GL
2 bed 1 bath Apartment
Town-centre two-bedroom with rental potential and parking.
Two double bedrooms and open-plan lounge/kitchen, practical layout
No upward chain; mid-floor apartment with communal lifts and stairs
Cash buyers only due to previously identified cladding and ongoing remediation
Majority of cladding removed; responsibility/funding for completion unresolved
Service charge £1,535.88pa; lease approximately 88 years remaining
Electric room heaters and untested kitchen appliances may need replacement
Parking within development; town-centre location with strong transport links
Estimated rental income £650–£700 pcm (approx. 12–13% gross yield)
This mid-floor two-bedroom apartment sits on the edge of Mansfield town centre, offered with no upward chain and immediate possession for a cash buyer. The open-plan living room with fitted kitchen and two double bedrooms makes the layout straightforward and easy to rent or occupy. Communal parking is available within the development and communal lifts/stairs provide access to the flat.
The property is being sold to cash buyers only because flammable cladding was previously identified on the building. Removal works have started under the Building Safety Fund but were paused when the lead contractor went into administration; responsibility for completing outstanding works is still being resolved between the freeholder, new contractor and Homes England. Most cladding has been removed but final remediation and funding remain uncertain — this is the primary material risk to be aware of.
Practical details: electric room heating and sealed-unit double glazing, an 88-year remaining lease, and an annual service charge of £1,535.88. The kitchen appliances and heating have not been tested and would benefit from inspection or replacement. The location offers excellent transport links (M1, A38, Robin Hood line) and nearby amenities, and the property is quoted with expected rental income of about £650–£700 pcm (approx. 12–13% gross return).
This flat will suit investors or buyers able to purchase in cash and manage remediation uncertainty. It offers strong short-term rental potential and convenient town-centre access, but buyers should budget for possible future building-safety works, ongoing service charges, and upgrades to heating or appliances.
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