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Fairacre, Willingham Road, East Barkwith, Lincoln, Lincolnshire LN8 5RP

Lot no: 125 Sold at Auction for £170,000
 

Guide Price £150,000 - £175,000 plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 29th June 2023

10.00am
Key Features
  • Guide Price: £150,000 - £175,000
  • Detached house
  • In need of modernisation
  • Countryside views
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Sold at Auction for £170,000

Bungalow

Property Description:

A spacious detached residence which requires modernisation and restoration and has been subject to extensive water damage from leaking plumbing. The property offers flexible rooms and stands in a large plot with open countryside beyond the rear garden.

Entrance Hall -

With fitted cloaks cupboard, uPVC double glazed front door and<br>side window, radiators and staircase to first floor.

Lounge Diner - 23ft2 x 12ft1 (7.1m x 3.7m)

With open fireplace, radiators, three uPVC double glazed windows,<br>cornice to ceiling and window light.

W/C -

Wash basin, toilet, radiator and uPVC double glazed window.

Walk In Pantry -

With uPVC double glazed window.

Bedroom Three - 12ft9 x 12ft (3.94m x 3.68m)

With radiator and uPVC double glazed window.

Kitchen - 9ft9 x 9ft1 (3.04m x 2.8m)

With fitted wall and base cupboards, stainless steel double sink,<br>space for washing machine, uPVC double glazed window and oil fired<br>central heating boiler and timer control.

Breakfast Room - 11ft x 11ft (3.37m x 3.36m)

With uPVC double glazed patio door, radiator, uPVC double glazed<br>window with view of rear garden.

Rear Entrance Porch -

With uPVC double glazed entrance door and side windows, pedestrian access to garage.

Stairs to first floor landing -

With access to roof space.

Bedroom One - 12ft4 x 12ft (3.8m x 3.68m)

With radiator and uPVC double glazed window having views looking<br>out across the rear garden.

Bedroom Two -

This room is currently not safe to access due to water damage and<br>comprises of built-in airing cupboard, radiator and uPVC double<br>glazed window.

Bathroom - 6ft1 x 5ft8 (1.87m x 1.77m)

With panel bath, toilet, wash basin, radiator, and uPVC double glazed<br>window.

Front Garden -

With lawn and flower and shrub borders, concrete driveway leading<br>to:

Single Garage - 16ft7 x 8ft5 (5.12m x 2.61m)

With up and over garage door, electric fuse box and meter, uPVC<br>double glazed window, power and lighting.

Rear Garden -

The large rear garden contains numerous mature and semi mature<br>trees, shrubs and lawn.

Note:

The property is believed to have mains water and electricity. Oil<br>fired central heating.

Tenure:

Freehold. Vacant possession upon completion.



Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneer's fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.


Additional Information

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions' home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price and Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.