property
For sale by auction - Tuesday 6 October 2015
At the Best Western Bentley Hotel, Newark Road, South Hykeham, Lincoln, LN6 9NH
Commencing at 11.30am
Three bedroom end town house
Superb investment property or first time buy
Potential 10% rental return
EPC Rating: D
A spacious three bedroom end town house which would make an ideal buy to let or first time buy property.
These type of properties usually rent out at approximately £5,500 - £6,000 per annum and therefore the property would give a 10% return.
Located in a quiet area but close to local amenities and schooling. Viewing is highly recommended.
The accommodation in more detail comprises:
Entrance Porch
UPVC double glazed door, UPVC double glazed windows to two aspects.
Entrance Hall
Stairs rising to the first floor with cupboard under, radiator, fitted carpet.
Cloakroom
Fitted suite comprising; low level WC, wash hand basin, UPVC double glazed window to the front aspect,
Lounge 3.58 x 4.54 (11ft 9 x 14ft 11)
UPVC double glazed window to the rear aspect, wall mounted fire, fitted carpet, doors to the hallway and kitchen, radiator.
Kitchen 2.53 x 2.81 (8ft 4 x 9ft 3)
Fitted with a matching range of wall and base mounted units with work surface over, inset stainless steel single drainer sink unit, free standing electric cooker, plumbing for washing machine, space for fridge/freezer, tiled to splash backs, UPVC double glazed window to the rear aspect, double width opening to the dining room.
Dining Room 2.569 x 2.638 (8ft 5 x 8ft 8)
UPVC double glazed window to the front and radiator.
First Floor Landing
Bedroom One 3.79 x 3.13 (12ft 6 x 10ft 4)
UPVC double glazed window to the rear aspect, double built in wardrobes, radiator.
Bedroom Two 3.12 x 2.77 (10ft 3 x 9ft 1)
UPVC double glazed window to the rear aspect, built in wardrobe and radiator.
Bedroom Three 2.32 x 2.51 (7ft 7 x 8ft 3) L shaped
UPVC double glazed window to the front aspect, built in wardrobe and radiator.
Bathroom
A fitted suite comprising; panel enclosed bath, wash hand basin, tiled to splash areas, radiator.
Separate Wc
UPVC double glazed window to the side aspect, low level WC, radiator.
Gardens
The rear garden is enclosed by timber fencing, mainly laid to lawn with the remainder paved patio. The foregarden is mainly lawned.
Tenure
Freehold. Vacant possession on completion.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash deposits.
The sale of each lot is subject to a buyers fee of £750 (inc VAT) payable on exchange of contracts.
Viewings
By appointment with the auctioneers - 0115 958 8702.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary.
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