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31a London Road, Grantham, Nottinghamshire NG31 6EX

Auction Event
 

Guide Price £37,000+ plus fees

UnconditionalOn 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 the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 29th May 2025

9.00am
Key Features
  • Council Tax Band: A
  • Large Duplex Flat
  • 3 Bedrooms
  • Town Centre Location
  • Requires Some Modernisation
  • Ideal Buy To Let
  • Vacant Possession
  • EPC Rating: F
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Flat

Property Description:

A large Duplex apartment arranged over the first, second and third floors.

The property requires some modernisation but offers extremely spacious accommodation. Benefitting from UPVC double glazing and electric heating.

Accommodation comprises; Hallway, Lounge/Diner, Breakfast Kitchen, 3 Bedrooms and Bathroom.

Situated within the heart of Grantham with a wide range of local amenities close by as well as transport links and Train Station.

An ideal buy to let investment opportunity with estimated rental value of £675 pcm / £8100 per annum after modernisation.

Ground Floor
Reception Hallway

With stairs leading to first floor.

First Floor
Landing

With impressive, wide, staircase to upper floors.

Lounge / Diner 5.80m x 3.65m

With electric fire and fireplace, two electric radiators and window to front aspect.

Breakfast Kitchen 3.65m x 2.90m

With base and wall units, sink, work surfaces, space for appliances, panty store and window to rear.

Conservation Area

We have been made aware this property is in the Grantham conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.

Mobile Phone Coverage

O2, EE, Three and Vodafone are available in this location.

Satellite and Cable TV Availability

BT, Sky and Virgin are available in this location.

Broadband (estimated speeds)

Standard 18 mbps. Superfast 134 mbps. Ultrafast 10000 mbps.

Construction Material

Solid brick, as built, no insulation (assumed). Information taken from EPC.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Leasehold. Vacant possession upon completion.


Utilities Information
  • Heating Supply: Double Glazing, Electric
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

On Street



Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

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 fees apply:

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

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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.