About this property
FOR SALE BY MODERN METHOD OF AUCTION – STARTING BID PRICE £110,000 PLUS RESERVATION FEE.- IDEAL INVESTMENT OPPORTUNITY CURRENTLY LET OUT FOR £600 PCM – This is a two bedroomed mid terrace property positioned in this popular uphill location just off Burton Road. The property has internal accommodation to comprise of Lounge, Inner Hallway, Dining Room, Breakfast Kitchen and First Floor Landing leading to two Bedrooms and Bathroom. Outside there is on street parking to the front and an extensive garden to the rear. Viewing of the property is recommended to appreciate the accommodation on offer.
LOCATION Located to the north of Lincoln, just off Burton Road and close to a wide range of local facilities including schools, shops and public houses. There are regular bus service into the City Centre.
LOUNGE 11′ 3" x 11′ 4" (3.43m x 3.45m) , with UPVC window and door to the front aspect, radiator and decorative fireplace, fitted storage cupboard to the side and door to the inner hallway.
INNER HALLWAY With stairs to the first floor landing and door to the dining room.
DINING ROOM 11′ 9" x 11′ 2" (3.58m x 3.4m) , with UPVC window to the rear aspect, under stairs storage cupboard, fitted storage cupboard, archway to the kitchen and radiator.
BREAKFAST KITCHEN 20′ 3" x 6′ 7" (6.17m x 2.01m) , with UPVC window to the rear aspect, UPVC window and door to the side aspect, tiled flooring fitted with base units and drawers with work surfaces over, stainless steel sink unit and drainer with mixer tap above, integral oven and four ring gas hob with extraction above, spaces for automatic washing machine, tumble dryer and fridge freezer, wall mounted units with complementary tiling below, radiator and original fireplace.
FIRST FLOOR LANDING With access to the roof void and doors to two bedrooms and bathroom.
BEDROOM 1 11′ 7" x 11′ 2" (3.53m x 3.4m) , with UPVC window to the front aspect, radiator and over stairs storage cupboard.
BEDROOM 2 11′ 4" x 6′ 9" (3.45m x 2.06m) , with UPVC window to the rear aspect and radiator.
BATHROOM 8′ 4" x 8′ 0" (2.54m x 2.44m) , with UPVC window to the rear aspect, suite to comprise of bath with shower over, WC and wash hand basin, radiator and partly tiled walls.
OUTSIDE To the front of the property there is on street parking. To the rear of the property there is a paved area and an extensive lawned garden with outbuilding.
AUCTIONEERS COMMENTS This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer’s solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% subject to a minimum of £5,000 + VAT (£1,000.00) = (£6,000.00) which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department.
Please note this property is subject to an undisclosed Reserve Price which is generally no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the Vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by East Midlands Property Auction powered by iam-sold Ltd.
TO VIEW OR MAKE A BID – Contact Mundys on 01522 510044 or visit www.agentauctionpage.co.uk