Initial price	£42,000
24/05/25	£40,000
Price Change	-4.76%

A one-bedroom apartment is up for auction on May 29, 2025, with a guide price and a reserve price within 10% of the guide price. The apartment is located in Mansfield, just a short walk from the town center, and has secure gated entry and internal lifts. It is currently let at £575 per month, generating a yield of 16.4% based on the guide price. The apartment has an open-plan living space with kitchen, dining, and lounge areas, one bedroom, and a shower room. The property is situated in a convenient location with access to amenities and transport links. The leasehold information includes an annual ground rent charge of £368.12 and a service charge of £728.52 for 2025. The sale is being conducted by SDL Property Auctions, and the buyer will be required to pay a 10% deposit and a non-refundable auctioneer's fee of 1.2% of the purchase price.