Martin Street, Lincoln, LN57TX

Starting Price* £90,000
Time Left 7d 05h 13m 42s

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  • Overview
  • Particulars
  • Request Details
  • Agent Details
  • Fees & Charges Explained

Property Overview

Tenure: Freehold


SUMMARY
For Sale by Modern Method of Auction.
Immaculately presented two bedroom mid-terrace property benefiting from two reception rooms, low maintenance rear yard.This property is for sale by iamsold ltd.


DESCRIPTION
**IDEAL FIRST TIME BUY** Situated in a popular and sought after central position within the historical cathedral city of Lincoln is this well appointed and immaculately presented two bedroom mid-terrace property benefiting from two reception rooms, low maintenance rear yard, loft room and a wide range of local amenities, schooling and transport links. Internally the accommodation briefly comprises; Lounge, Dining Room, Kitchen, Two Bedrooms, Bathroom and Loft Room. EARLY AND INTERNAL VIEWING IS HIGHLY ADVISED TO AVOID DISAPPOINTMENT.

Starting Bid and Reserve Price

*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. Terms and conditions apply to the Modern Method of Auction, which is powered by IAM Sold.

Auctioneer's Comments

This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold.

This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance.

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are contained within this pack.

The buyer will also make payment of £220.00 including VAT towards the preparation cost of the pack.

The Partner Agent and Auctioneer may recommend the services of third parties to you, in wich they may be paid for the referral. These services are optional and you will be advised of any payment, in writing, before any services are accepted.

Listing is subject to a start price, and hidden reserve price that can change.

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

Lounge 11' 3" x 10' 11" ( 3.43m x 3.33m ) With front entrance door and window, wall mounted panel radiator, TV point, coving, fitted storage and a decorative fireplace. Dining Room 11' 2" x 10' 11" ( 3.40m x 3.33m ) Having a window to the rear aspect, wall mounted panel radiator, stairs rising to the first floor, laminate flooring and access into:- Kitchen 10' 5" x 5' 10" ( 3.17m x 1.78m ) Being fitted with a range of base and eye level units with work surfaces incorporating a one and a half bowl stainless steel sink and drainer with mixer tap and space for a cooker and white goods; completed with tiled flooring, wall mounted panel radiator, central heating boiler, tiled splashbacks and a window and door to the side aspect leading out to the garden. First Floor Landing Giving access to both bedrooms. Bedroom One 11' 2" x 10' 11" ( 3.40m x 3.33m ) Having a window to the rear aspect, wall mounted panel radiator, coving and a door into the bathroom. Bathroom Being fitted with a four piece suite comprising of a low level WC, wash hand basin, panelled bath and a shower cubicle; complete with part tiled walls, spotlights, window to the side aspect and a wall mounted panel radiator. Bedroom Two 11' 3" x 10' 10" ( 3.43m x 3.30m ) Having a window to the front aspect, wall mounted panel radiator, coving and a ladder giving access to the loft room. Loft Room 13' 11" x 10' 10" ( 4.24m x 3.30m ) Having a Velux window and eaves storage. Outside To the rear of the property there is a low maintenance yard being predominantly laid to decking providing a low maintenance entertaining space; all of which is fully enclosed to perimeters with gated access.

Request full details for this property

Please complete the form below to receive full details about the property you are looking at.

Not in the UK?If you are not a resident of United Kingdom, please contact our Auction Team to discuss your options. All fields marked with an * are required. Please be advised that all calls made to and from iamsold are recorded. Calls are recorded for training and monitoring purposes and may also be used for complaint resolution. Calls are stored securely in accordance with General Data Protection Regulation requirements. Personal information submitted via the request details form will not be shared, rented or otherwise abused.

William H Brown

Local Branch: 35/36 Silver Street, Lincoln, LN2 1EW
Head Office: Sequence UK Limited, Cumbria House,16-20 Hockliffe St, Leighton Buzzard, LU7 1GN

Fees & Charges Explained

Martin Street, Lincoln, LN57TX

This property is sold subject to payment of a non-refundable reservation fee of 4.2% to a minimum of £6,000.00 including VAT.

Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.

A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.

This property is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavours must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor.

A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement In the 28 day period following the auction or the date of acceptance of the offer.

Buyers Information Pack

If the Buyer Information Pack Pack has been produced and provided by IAM Sold any successful purchaser will be required to pay £220.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

  • You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
  • Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.

Need More Information?

For further information or to speak to one of our team, please call 020 3859 2499.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

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