*ONLINE Unconditional Auction Opening 30th June 2025*
To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/Lincolnshire
Situation:
The property is situate on Balfour Street, Gainsborough being a popular and well positioned street in the heart of this traditional Lincolnshire market town, close to the town centre and its current significant improvement works, including new Cinema complex and restaurants. The English Heritage site of The Old Hall is within 50 yards, and Gainsborough itself offers a multitude of retail and leisure facilities, along with excellent access to the surrounding towns of Retford and Scunthorpe, and Cities of Doncaster and Lincoln.
Description:
A wonderful opportunity to acquire this traditionally constructed semi detached house, having undergone a scheme of renovation and improvement works throughout by the current owner, and now let at £925pcm (£11,100 per annum). Ideal for the investor market, this is a ‘ready to go’ investment with significant yield.
Accommodation: Ground Floor
Entrance Hallway
Lounge
Dining Room
Kitchen
Utility Room
First Floor
Bedroom 1
Bedroom 2
Bedroom 3
Bathroom
Outside
Front and rear gardens.
Agent Note Please note that the internal photographs provided were taken prior to the commencement of the tenancy agreement.
Material Information Tenure:
The property is freehold. All prospective bidders should satisfy themselves of terms of the tenure, ground rent and service charge if applicable, by inspecting the legal pack.
Council Tax:
The property falls within West Lindsey 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. Information relating to Phone & Broadband can be found by visiting Ofcom. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them.
Tenure: Freehold
EPC Rating: D
D
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.
Non-refundable £3,600 inc VAT payable on the fall of the virtual gavel.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Call the team on 01427 616436 for more information
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.