Palace Auctions Logo
Home > Find a Property > 2-Bed Mid-Terraced House at Padley Hill, Mansfield
Lot 27

2-Bed Mid-Terraced House at Padley Hill, Mansfield

Guide price £ 80,000

Type of Sale

By Auction

Key Features

  • • Immediate rental or resale potential
  • • On-street parking available
  • • Rear yard with low-maintenance garden
  • • Requires modernisation and improvement
  • • Two-bed mid-terraced freehold house
  • • uPVC double glazing throughout
  • • Vacant possession on completion
Property for sale by Auction A row of traditional terraced houses with stone facades and chimneys, featuring three front doors in different colors: brown, maroon, and white. The street is quiet, with a cloudy sky overhead. Presented by Palace Auctions
Property for sale by Auction A small, empty room with pink textured walls and a red geometric-patterned floor. It features a fireplace, a dark wooden door with a window, and a large window letting in natural light. An exposed light fixture hangs from the ceiling. Presented by Palace Auctions
Property for sale by Auction A small, worn-out kitchen with peeling red walls, a dirty floor, and an empty cabinet. The room has a single window and an old sink. Overall, the space looks neglected and in need of renovation. Presented by Palace Auctions
Property for sale by Auction An empty room with light pink walls, a single window with a black frame, and a small white radiator in the corner. The floor is covered with a yellow floral-patterned carpet, and a single bulb hangs from the ceiling. Presented by Palace Auctions
Property for sale by Auction A narrow hallway with pink textured walls and a patterned linoleum floor, leading to a window with a view of rooftops. A wooden door is partially open on the right, and several hooks are mounted along the left wall. Presented by Palace Auctions
Property for sale by Auction A cluttered backyard with overgrown weeds and purple flowers. Broken wooden fences and a leaning trellis are against a stone wall. Blue and black trash bins are on the left, and brick houses with dormer windows are in the background. Cloudy sky above. Presented by Palace Auctions
1
Property for sale by Auction A row of traditional terraced houses with stone facades and chimneys, featuring three front doors in different colors: brown, maroon, and white. The street is quiet, with a cloudy sky overhead. Presented by Palace Auctions
Property for sale by Auction A small, empty room with pink textured walls and a red geometric-patterned floor. It features a fireplace, a dark wooden door with a window, and a large window letting in natural light. An exposed light fixture hangs from the ceiling. Presented by Palace Auctions
Property for sale by Auction A small, worn-out kitchen with peeling red walls, a dirty floor, and an empty cabinet. The room has a single window and an old sink. Overall, the space looks neglected and in need of renovation. Presented by Palace Auctions
Property for sale by Auction An empty room with light pink walls, a single window with a black frame, and a small white radiator in the corner. The floor is covered with a yellow floral-patterned carpet, and a single bulb hangs from the ceiling. Presented by Palace Auctions
Property for sale by Auction A narrow hallway with pink textured walls and a patterned linoleum floor, leading to a window with a view of rooftops. A wooden door is partially open on the right, and several hooks are mounted along the left wall. Presented by Palace Auctions
Property for sale by Auction A cluttered backyard with overgrown weeds and purple flowers. Broken wooden fences and a leaning trellis are against a stone wall. Blue and black trash bins are on the left, and brick houses with dormer windows are in the background. Cloudy sky above. Presented by Palace Auctions
2

Description

35 Padley Hill Mansfield presents an excellent freehold investment opportunity. In the heart of Mansfield, This two-bed mid-terraced house subject to vacant possession. The property requires a scheme of improvement and modernisation. The ground floor comprises a spacious sitting room, separate dining room and kitchen. The property benefits from two well-proportioned bedrooms, Plus a passaged room suitable for en-suite conversion and a three-piece bathroom. Moreover, uPVC double glazing throughout enhances thermal efficiency and reduces future maintenance costs.

The property occupies a convenient location just a two-minute walk from ASDA. Five-minute walk to Mansfield Community Hospital, providing essential day-to-day amenities within easy reach. Bus services (#1, #6, #11, #14, #15, #23) stop at Holden Street one minute away. And the Mansfield train station offers regular East Midlands Railway services to Nottingham and beyond. In addition, Titchfield Park and Water Meadows Leisure Centre lie within a short stroll, while Sherwood Forest Country Park is a quick drive for outdoor recreation.

Buy-to-let investors will note that the average two-bed rent in Mansfield is £677 pcm and the overall average private rent is £758 pcm, reflecting strong demand and gross yields above 6.4%.

 

Why Bid?

  1. Affordable Guide Price: £80,000, representing a 26.6% discount to the local average sold price of £109,000.
  2. High Yield Potential: Basic renovation yields a gross 7.52% and net 4.72%.
  3. Convenient Location: Proximity to major retailers, healthcare and transport links.
  4. Value-Add Scope: Modernisation and layout reconfiguration can unlock immediate equity. Subject to renovation, this property could command market-rate rents and deliver compelling returns.

Register now to secure this auction opportunity. For further local insight, see our Nottinghamshire Investment Guide.

ROI Analysis & Visualization

Summary & Recommendations:

  • Basic Renovation: Total Investment £99,000 → Net Yield 4.72% → Immediate Equity £4,550 → Payback 21.2 yrs
  • Moderate Renovation: Total Investment £110,000 → Net Yield 4.77% → Equity shortfall £1,000 → Payback 21.0 yrs
  • Comprehensive Renovation: Total Investment £126,500 → Net Yield 4.48% → Equity shortfall £1,150 → Payback 22.3 yrs.

Internal & External Links 🔗

Internal: Auction Calendar
Internal: Nottinghamshire Investment Guide
External: Mansfield District Council – www.mansfield.gov.uk
External: Nottinghamshire County Council Planning – nottinghamshire.gov.uk/planningsearch

Updated: Friday, July 25, 2025, 16:00

Get in touch

Edward Swindells Auctioneer Consultant Auctioneer & Valuer

Viewing Details

Viewings available subject to 48 hours notice with one of our agents

Accommodation

Front Sitting Room

11ft into chimney recess x 11ft 2

Inner Lobby

11ft 2 into chimney recess x 11ft 2

Kitchen

10ft x 5ft 3

First Floor Landing

8ft 3 x 3ft 1

Bedroom One

11ft 2 into chimney recess x 11ft 2

Bedroom Two

11ft 5 x 7ft 9 into chimney recess

Additional Storage Room

11ft 3 x 2ft 9

Bathroom

11ft 3 x 6ft 6

Outside

Gated shared pedestrian access which in turn leads to a rear yard with low maintenance garden

Building Construction

Solid brick, as built, no insulation (assumed).

Map

To top

Important Notices & Guidance Notes

Important notices

Pre-registration approval to bid, guide prices, reserves, additional charges and other matters.

Pre-registration approval to bid Palace Auctions now require all bidders who wish to bid at our Auctions to register. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of this process before prior approval to bid will be given.

Please use the links on our website to pre-register. Following approval to bid, the buyer named in your registration cannot be changed without the consent of the auctioneers.

Guide Prices

A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price.

Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure.

The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website, and you should check the website regularly for updates and on the day of the auction.

All guide prices are quoted “subject to contract”.

Please note the guide price for the Lot does not include: – any Buyers’ Fee charged by the auctioneers; – VAT on the sale price; – SDLT or any other Government taxes.

Additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers.

If a guide price is listed as “TBA”, it means no guide price has been set at present. Please do call our office about this. The guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates and on the day of the auction.

Reserve Prices

The reserve price is the minimum price at which the Lot can be sold.

Whilst every effort is made to ensure that the advertised guide prices are up to date. it is possible that the reserve price set for any Lot may exceed the previously quoted guide price. This is because the seller may fix the final reserve price just before the Lot is offered for sale and you should check the website regularly for updates and on the day of the auction.

Palace Auctions, Residential and Commercial Auctions. Our content is meticulously curated by our seasoned professionals, specifically tailored for discerning property buyers. Our platform is best suited for experienced institutional or business buyers, as well as individuals equipped with the necessary knowledge and expertise to make informed purchasing decisions. We deal in properties that come with their own unique set of risks, which our sophisticated buyers understand. If you’re uncertain about meeting these prerequisites, we recommend seeking independent advice or reaching out to us directly.”

Buyers Premium 

A buyer’s premium is an additional charge that successful bidders are required to pay on top of their final bid price at a property auction. This fee is typically a percentage of the final bid and is paid directly to the auction house. It serves as a kind of commission for the auctioneer’s services. The exact percentage can vary depending on the auction house. At Palace Auctions our buyers premium on Property (Real Estate sales) is normally £5000 plus vat. It is usually clearly stated in the auction’s terms and conditions. It’s crucial for bidders to factor in the buyer’s premium when determining their maximum bid, as it significantly affects the total cost of the property.

Buyers’ fees, Seller’s fees and additional charges

For each Lot, a documentation charge / Fee is payable on the fall of the hammer to Palace Auctions as follows:

Residential Auctions – Lots sold for £10,000 or more: Buyers’ Fee of £1,500 inclusive of VAT.

Lots sold for less than £10,000: Buyers’ Fee of £500 inclusive of VAT.

Commercial Properties – All Lots: Buyers Fee £1,000 excluding VAT

Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.

VAT may be chargeable in addition to the sale price for the Lot. The auctioneer will announce this and will be contained within the particulars.

Other Matters

Please note that Lots may be sold or withdrawn at any time prior to auction.

Please note that the amount of Bidder Security (payable on application to bid at the auction) and the Buyer’s Fee may be varied from the standard amounts quoted upon or website or by a member of our sales team. So please check.

Please refer to the addendum, the Particulars and/or the conditions of sale.

Mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty’s Stationery Office. © Crown Copyright. All rights reserved. Licence number 100022432. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty’s Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020

The plans and photographs shown in the catalogue are included in order to assist you in locating the Lot in question. They are not to be taken as drawn to scale and any arrows on plans or photographs are merely to assist you in finding the Lot, not for the purpose of indicating legal boundaries or which direction the lot is facing.

The Auctioneers do not warrant or represent that any plans or photographs show the up-to-date position with regard to occupiers either for the Lot or for any other properties shown in such plans or photographs.