Padley Hill, Mansfield, Nottinghamshire

Outstanding Full Renovation & Modernisation Opportunity – 35 Padley Hill, Mansfield, NG18 5PQ – Lot 3, Claridge’s Live Auction, 24th June 2026

This is a rare chance to acquire a freehold three-bedroom house in Mansfield, NG18, guided at just £65,000, as Lot 3 in the prestigious 24th June 2026 Claridge’s Live Auction by Palace Auctions London. The property offers vacant possession and requires comprehensive renovation, making it an ideal project for investors, developers, and ambitious owner-occupiers seeking value in a thriving East Midlands market.
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Introduction: Lot 3, 35 Padley Hill – Mansfield Renovation Auction Property
Welcome to an exceptional opportunity to secure a Mansfield renovation auction property at an attractive guide price of £65,000. Lot 3, 35 Padley Hill, Mansfield, NG18 5PQ, is offered for sale by Palace Auctions London at the highly anticipated Claridge’s Live Auction on 24th June 2026. This freehold, three-bedroom mid-terrace house is vacant and ready for a full scheme of works, presenting a true “blank canvas” for investors, developers, and owner-occupiers. With its prime location, generous proportions, and outstanding potential for capital uplift, this property stands out as one of the most compelling renovation projects in Nottinghamshire this year.
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Property Overview: Traditional Brick Mid-Terrace with Potential
35 Padley Hill is a classic example of early 20th-century terraced housing, constructed in brick beneath a pitched tiled roof. The property is set back from the road, featuring a small front garden and a private rear yard. Arranged over two storeys, the house offers a traditional layout with an entrance hall, two reception rooms, kitchen, three bedrooms, and a family bathroom. The property is offered freehold, with no onward chain, and is sold as seen. This Mansfield renovation auction property is ideal for those seeking to add value through comprehensive modernisation, with scope for reconfiguration or conversion (subject to consents).
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Internal Layout: Flexible Space for Modern Living
The internal configuration of this Mansfield renovation auction property provides excellent flexibility for future owners. On the ground floor, you will find an entrance hall leading to a front reception room (potential lounge), a rear reception/dining room, and a kitchen with direct access to the rear garden. Upstairs, the first floor comprises a landing, three bedrooms (two doubles and one single), and a family bathroom. The house may retain original period features such as fireplaces, picture rails, and timber doors, offering further potential for restoration and character enhancement.
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Full Renovation Scope: Unlock Value and Potential
This property requires a comprehensive scheme of works, making it a true Mansfield renovation auction property. Essential upgrades include re-wiring, re-plumbing, installation of a new kitchen and bathroom, plastering, flooring, and full redecoration. The house is sold as seen, with no warranties as to condition or suitability for any particular use. Buyers are strongly advised to undertake their own inspections and due diligence prior to bidding. The generous proportions and traditional layout offer excellent scope for open-plan living, reconfiguration, or conversion to a high-yielding HMO (subject to planning).
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External Features and Planning Status
Externally, the property benefits from a private rear garden or yard, typical of terraced houses in the area. The space is likely enclosed by fencing or brick walls and will require clearance and landscaping as part of the renovation. The frontage includes a small forecourt or garden area, set back from the pavement. On-street parking is available on Padley Hill and surrounding streets, with no dedicated off-road parking or garage included. The property is not subject to any current planning applications or consents and is sold as an existing residential dwelling (Use Class C3). Any proposed alterations or conversions will require the appropriate permissions from Mansfield District Council. For planning enquiries, visit the Mansfield District Council Planning Portal
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Transport Links: Outstanding Connectivity in Central Nottinghamshire
This Mansfield renovation auction property enjoys superb transport links, making it an ideal base for commuters and families. The A38 provides direct access to Derby and the M1 motorway, with Junction 28 (Annesley) just 7.7 miles away and Junction 29 (Heath) 6.8 miles northwest. The A60 runs north-south through Mansfield, connecting to Nottingham (12 miles south) and Worksop. The A617 links eastwards to Newark-on-Trent and westwards to Chesterfield and the M1. Mansfield Railway Station, managed by East Midlands Railway, offers direct trains to Nottingham (32–36 minutes), Worksop, and connections to Sheffield. The modern bus station, adjacent to the railway, provides frequent services to Nottingham, Derby, Chesterfield, and local destinations, with buses running from early morning until midnight.
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Schools and Healthcare: Excellent Local Provision
Families considering this Mansfield renovation auction property will appreciate the excellent local schools and healthcare facilities. The Brunts Academy, a large non-selective academy with a strong sixth form, is less than 0.6 miles away. Queen Elizabeth’s Academy and The Manor Academy, both rated “Good” by Ofsted, are within 1–1.5 miles. Primary schools in the area, including Mansfield Primary Academy and High Oakham Primary School, are also rated “Good.” Healthcare provision is strong, with Orchard Medical Practice (CQC “Outstanding”) and several other GP surgeries within 1–2 miles. King’s Mill Hospital, a major acute hospital with A&E and specialist departments, is just 3.5 miles from Mansfield town centre.
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Shopping, Dining, and Leisure: Comprehensive Amenities Nearby
Residents of 35 Padley Hill benefit from a wealth of local amenities. The Four Seasons Shopping Centre, Mansfield’s main retail destination, offers over 50 stores and a large car park. Major supermarkets including Tesco Extra, Sainsbury’s, Asda, Aldi, Lidl, and Marks & Spencer are all within easy reach. The area boasts a diverse food and drink scene, with restaurants such as Bella Italia, Ciao Bella, OPA! Greek, and Chand Indian Cuisine, as well as numerous traditional pubs. Leisure facilities are excellent, with Water Meadows Leisure Complex, Oak Tree Leisure Centre, Rebecca Adlington Leisure Centre, and Bannatyne Health Club & Spa all nearby, offering swimming, gyms, fitness classes, and spa amenities.
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Parks and Green Spaces: Enjoy the Outdoors in Mansfield
Mansfield is renowned for its abundance of parks and green spaces, making this Mansfield renovation auction property ideal for those who value outdoor living. Titchfield Park, a Green Flag award-winning park, features play areas, a multi-use games area, pavilion, café, and direct access to the Maun Valley Trail. Carr Bank Park offers open grassland, mature trees, gardens, tennis courts, and a bandstand. Berry Hill Park provides sports facilities and walking trails, while the Maun Valley Trail connects parks and nature reserves throughout the area. Mansfield also boasts nine designated local nature reserves, offering woodland, heathland, wetland, and grassland habitats.
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Investment Context: Strong Yields and Capital Growth Potential
The Mansfield renovation auction property at 35 Padley Hill offers outstanding investment potential. Average prices for terraced houses in NG18 range from £106,972 to £131,988, with renovated three-bedroom terraces achieving rents of £900–£1,050 per month. Gross yields for well-renovated terraced houses typically range from 7% to 9%. HMO rooms (all bills included) command £400–£550 per room per month. Comparable auction results in the area show unmodernised terraced houses achieving sale prices between £55,000 and £110,000, depending on size, location, and condition. The competitive guide price of £65,000 reflects the property’s full renovation status and strong potential for value uplift.
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Regeneration and Investment Initiatives: Mansfield’s Growth Story
Mansfield is the focus of major public and private investment, underpinning long-term growth and demand for property. The Levelling Up Fund has allocated £20 million for the “Mansfield Connect” civic and community hub, creating over 800 jobs. The Long-Term Plan for Towns provides a £20 million endowment for high street revival, transport, safety, and economic growth. The Levelling Up Partnership has committed £20 million for targeted regeneration, including £7.4 million for local estates and £5 million for construction skills. The Town Deal brings £12.3 million for housing, skills, and business support, while a new £18 million social housing scheme is delivering 60 affordable homes and heritage-led regeneration in the town centre. Ongoing private sector investment includes new-build developments and commercial expansion, making Mansfield increasingly attractive for residents and investors.
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Auction Terms and Legal Information: Secure Your Mansfield Renovation Auction Property
• Auctioneer: Palace Auctions London
• Auction Date: 24th June 2026 (Claridge’s Live Auction, Mayfair & online)
• Lot: 3
• Guide Price: £65,000
• Deposit: 10% of the purchase price, payable immediately upon the fall of the hammer
• Buyer’s Premium: 2% of the final sale price (inclusive of VAT), subject to a minimum of £3,000 (incl. VAT)
• Administration Fee: £850 + VAT
• Completion: 28 days from exchange of contracts (unless otherwise stated in the legal pack)
• Legal Pack: Available for download; buyers are strongly advised to review in full and seek independent legal advice
• Viewings: Strictly by appointment with Palace Auctions London

For full auction details, legal documentation, and to register for bidding, visit the current auction catalogue. For guidance on buying at auction, see the Palace Auctions London Buying Guide. For official advice on buying property at auction, visit GOV.UK and the RICS Consumer Guide.
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Summary, Call to Action, and Advice
Reminder:
35 Padley Hill, Lot 3 at the Claridge’s Live Auction, is a standout Mansfield renovation auction property. With a guide price of £65,000, vacant possession, and full renovation required, it offers exceptional potential for capital uplift, strong rental yields, and long-term growth. The property’s location, amenities, and the scale of local regeneration make it a compelling choice for investors and developers.

Ready to unlock the potential of this blank canvas?
Register now for the 24th June 2026 Claridge’s Live Auction with Palace Auctions London. Arrange your viewing, download the legal pack, and prepare to bid on Lot 3, 35 Padley Hill, Mansfield, NG18 5PQ. For expert advice on the auction process, consult the Palace Auctions London Buying Guide and review official guidance at GOV.UK and RICS.
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Legal Disclaimer
The property is sold as seen, with no warranties as to condition or suitability for any particular use. All measurements, boundaries, and site plans are for identification purposes only and do not form part of any contract. Buyers must satisfy themselves as to the accuracy of all information and conduct their own due diligence, particularly regarding planning status, tenure, and legal documentation.
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Don’t miss this outstanding Mansfield renovation auction property – successful investment.