Padley Hill, Mansfield, Nottinghamshire

LOT 73 — 35 Padley Hill, Mansfield, Nottinghamshire, NG18
Palace Auctions London | Live & Online from Claridge’s, Mayfair | 12th August 2026 | Guide Price: £65,000
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headlines:
Outstanding freehold investment or renovation opportunity in central Mansfield — 2-bed mid-terraced house with vacant possession, guided at just £65,000 (40.4% below local average sold price), offering gross yield of 12.50% and net yield of 8.12% at guide. Auctioned live and online by Palace Auctions London at Claridge’s, Mayfair, on 12th August 2026.
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PROPERTY OVERVIEW
Palace Auctions London is delighted to present Lot 73: 35 Padley Hill, Mansfield — a prime freehold investment in the heart of one of Nottinghamshire’s most dynamic rental markets. This two-bedroom mid-terraced house, offered with vacant possession, is guided at only £65,000 — a remarkable 40.4% discount to the local average sold price of £109,000.Whether you are a buy-to-let investor seeking high yields, a developer looking for a value-add project, or an owner-occupier ready to create your ideal home, this property offers exceptional potential and immediate upside.
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PROPERTY FEATURES
• Type: Freehold 2-bedroom mid-terraced house
• Tenure: Freehold, vacant possession
• Ground Floor:
o Spacious sitting room
o Separate dining room
o Kitchen with scope for modernisation
• First Floor:
o Two well-proportioned bedrooms
o Passaged room (ideal for en-suite conversion or walk-in wardrobe, STPP)
o Three-piece bathroom
• Throughout:
o uPVC double glazing for enhanced thermal efficiency and reduced maintenance
• Condition:
o Requires a scheme of improvement and modernisation — ideal for investors or those seeking a project
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LOCATION HIGHLIGHTS
• ASDA Superstore: 2-minute walk
• Mansfield Community Hospital: 5-minute walk
• Bus Services: (#1, #6, #11, #14, #15, #23) at Holden Street, 1 minute away
• Mansfield Train Station: Direct East Midlands Railway services to Nottingham and beyond
• Leisure:
o Titchfield Park and Water Meadows Leisure Centre within a short stroll
o Sherwood Forest Country Park a quick drive for outdoor recreation
• Town Centre: Wide range of retail, cafés, and amenities nearby
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INVESTMENT & ROI ANALYSIS
Mansfield Rental Market:
• Average 2-bed rent: £677 pcm
• Overall average private rent: £758 pcm
• Local average sold price: £109,000
At Guide Price (£65,000):
• Annual Gross Rent: £8,124
• Gross Yield: 12.50%
• Net Yield (est.): 8.12%
• Immediate Equity: £44,000 below local average sold price
Renovation ROI Scenarios
Scenario Reno Cost Total Investment Gross Yield Net Yield Equity vs Avg Payback
Basic Renovation £34,000 £99,000 8.21% 5.33% +£10,000 18.7 yrs
Moderate Renovation £45,000 £110,000 7.39% 4.80% -£1,000 20.8 yrs
Comprehensive Renovation £61,500 £126,500 6.42% 4.17% -£17,500 24.0 yrs

Key Finding:
The Basic Renovation scenario (guide + £34,000) offers the best risk-adjusted return: Net Yield 5.33%, +£10,000 equity, and payback in 18.7 years.

Figure: ROI and Yield Analysis for 35 Padley Hill, Mansfield
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WHY BID AT PALACE AUCTIONS LONDON?
• Exceptional Guide Price: £65,000 — 40.4% below local average sold price
• Outstanding Yields: Gross 12.50% | Net 8.12% at guide
• Strong Rental Demand: Consistent 2-bed rents of £677 pcm
• Value-Add Potential: Modernisation and layout improvements can unlock further equity
• Freehold Tenure: No ground rent or service charges
• Vacant Possession: Ready for immediate occupation or letting
• Prestigious Venue: Live at Claridge’s, Mayfair, or bid online from anywhere
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AUCTION DETAILS
• Auctioneer: Palace Auctions London
• Event: Live & Online Property Auction
• Venue: St James Room, Claridge’s, Brook Street, Mayfair, London, W1K 4HR
• Date & Time: Wednesday, 12th August 2026, 1:00 pm
• Lot Number: 73
• Guide Price: £65,000
• Tenure: Freehold
• Possession: Vacant
Viewing arrangements and legal packs available on request. All lots sold subject to Palace Auctions London Conditions of Sale.
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HOW TO BID — REGISTER NOW
Secure your place at this exclusive auction event:

Register to Bid:


Registration is free and quick. Receive full auction instructions and access to our secure online bidding portal.
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USEFUL LINKS
• Auction Calendar: View all upcoming Palace Auctions London events and lots
• Nottinghamshire Investment Guide: In-depth rental market analysis and investor insights
• Mansfield District Council:
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IMPORTANT NOTICE
The guide price is an indication of the seller’s minimum expectation and may change prior to auction. Interested parties should make their own enquiries and obtain independent legal and financial advice before bidding. Yield and ROI figures are indicative only. All measurements and descriptions are approximate.

Palace Auctions London | Claridge’s, Brook Street, Mayfair, London, W1K 4HR
Auction Enquiries:

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Summary:
Lot 73 — 35 Padley Hill, Mansfield, NG18 | Guide: £65,000 | Palace Auctions London | 12th August 2026 | Claridge’s, Mayfair
A rare, high-yielding freehold opportunity in central Mansfield — ideal for investors, developers, and owner-occupiers alike. Register now to bid live or online!