FOR SALE BY UNCONDITIONAL ONLINE AUCTION! (IMMEDIATE EXCHANGE)
This property will be offered for sale by auction opening 21 August 2023 with a *guide price of £20,000 - £30,000 (plus fees). To register to bid: auctionhouse.co.uk/lincolnshire
Description
Situation:
The property is situate on Oxford Street, a popular and central residential area of this North East Lincolnshire port and market town, near the town centre with a wide range of facilities and amenities all within easy reach and supported by excellent public transport links and good access to the M180 motorway network, and further access to the Cities of Hull, Sheffield, Leeds and Doncaster.
Description:
A traditionally constructed mid terrace house offered for sale with the benefit of an ongoing tenancy £300 pcm on one of the bedrooms, with further opportunity to rent the 2 further bedrooms, or in turn convert to a full HMO (subject to planning permission being obtained).
This property provides an excellent investment opportunity of 15% gross yield (based on guide price), with potential for significant uplift if fully let. The property is presents a perfect, ‘ready to go’, high yielding opportunity for the discerning purchaser. Further benefits include double glazing and gas central heating.
Accommodation
Ground Floor:
Siting Room
Dining Room
Kitchen
Family Bathroom
First Floor:
Bedroom One
Bedroom Two
Bedroom Three
Outside:
Front and rear gardens.
Material Tenure:
The property is believed to be freehold. All prospective bidders should satisfy themselves of the tenure by inspecting the legal pack.
Council Tax:
We have been advised that the property falls within North East Lincolnshire Council – BAND A
Possession:
Subject to existing tenancy agreement.
Viewing:
Strictly by appointment with Auction House.
Services:
Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities. NB: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract. Information relating to Rating and Town and Country Planning matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate Authority. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them.
Tenure: Freehold
EPC Rating: E
Council Tax Band
A
EPC Rating
E
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Buyers Premium
Non-refundable £1,800 inc VAT payable on the fall of the virtual gavel.
Administration Charge
Non-refundable £1,800 inc VAT payable on the fall of the virtual gavel.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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- 3 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 01427 616436 for more information
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