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55 Norton Street, Grantham NG31 6BX

Lot no: 157 Re-entry to a future auction
 

Guide Price £79,000 - £91,000 plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Tuesday 5th September 2023

10.00am
Key Features
  • Guide Price Range: £79,000 - £91,000
  • Listed much lower than open market value
  • Three Bedrooms
  • Further Loft Room
  • Private courtyard to rear
  • Popular location within walking distance to town
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Re-entry to a future auction

End of terrace house

Property Description:

A fantastic end terrace home comprising of large reception room, kitchen/diner, bathroom, three bedrooms, attic room and cellar.

Externally there is a private garden with brick outbuilding and on street permit parking to the front.

Minutes from Grantham central shops and rail station makes it an ideal location for inter city commuting.

A perfect investment, first time buy or family home.


The seller was informed that potential buyers have been unable to obtain a mortgage offer for the property due to the results of the lenders survey. You will however note that the seller currently has a mortgage over the property and mortgage lenders will, of course, have different criteria for lending. Some may also accept indemnity insurance to cover certain aspects. Prospective buyers must make all necessary independent enquiries prior to placing their bid as this will be binding.

Lounge - 4.3m x 3.6m
Middle hallway - 1.7m x 1.6m
Kitchen - 4.3m x 3.6m
Bathroom - 2.6m x 1.7m
Bedroom 1 - 4.3m x 3.6m
Bedroom 2 - 3.6m x 2.6m
Bedroom 3 - 2.6m x 1.9m
Attic conversion - 4m x 2.9m
Cellar - 3.3m x 3.2m
Note

Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

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 Fixed Fee.

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 auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of £1,500 inc. VAT

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 & 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.