Rasen Lane, Lincoln, LN13HF

This auction has ended!
Bid Count:
2
   
Final Bid:
£142,000.00
  • Overview
  • Particulars
  • Agent Details
  • Fees & Charges Explained

Property Overview

Three Bedroom End of Terrace property with living accommodation over three floors plus a cellar. Chain Free.
Internally comprising; Entrance with stairs rising to the first floor, lounge, dining room, kitchen and stairs to the cellar. To the first floor are two bedrooms and a bathroom. To the second floor is another bedroom.
Externally this property has low maintenance gardens to the front and rear.

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 for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the buyer to exchange contracts immediately; however, from the date the draft contract for sale is received by the Buyer's solicitor, the buyer has 56 DAYS in which to complete the transaction; whilst using every endeavour to exchange contracts within the first 28 days. Allowing the additional time to exchange contracts means interested parties can proceed with traditional residential finance. Upon close of a successful auction, or if the vendor accepts an offer during the auction, the buyer will be required to make payment of:

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

ENTRANCE Entering via a shared passage to the front aspect through a side PVC door into the property. Carpet flooring, pendant fitting and stairs rising to the first floor. LOUNGE 10' 11" x 10' 0" (3.336m x 3.068m) approximate measurements. PVC double glazed window to the front aspect, carpet flooring, radiator, light fitting and wall mounted fire surround. DINING ROOM 12' 0" x 10' 11" (3.676m x 3.342m) approximate measurements. PVC rear door, laminate flooring, radiator, door to the cellar and arch leading to the Kitchen. Freestanding Hot Point dryer. KITCHEN 10' 5" x 5' 2" (3.191m x 1.595m) approximate measurements. Base and eye level units, tile splash worktops with inset ceramic sink and drainer. Integrated Bosch oven, gas hob and extractor over plus freestanding Bosch washing machine, Electra fridge and separate freezer. Tiled flooring, PVC side door and two PVC windows. CELLAR 10' 6" x 10' 5" (3.221m x 3.194m) approximate measurements. Stairs to the cellar with RCD consumer unit, electric meter and light fitting. STAIRS / LANDING Carpet flooring, pendant fitting, British Gas wall mounted thermostatic control and under stairs storage cupboard housing the British Gas wall mounted hot water controls. BEDROOM 8' 4" x 7' 1" (2.553m x 2.170m) approximate measurements. PVC window to the rear aspect, carpet flooring, radiator and pendant fitting. BATHROOM 8' 2" x 6' 10" (2.506m x 2.095m) approximate measurements. Low level WC, pedestal basin, panel bath and separate mains powered shower cubicle. Tiled flooring, light fitting, heated towel rail and PVC window to the rear aspect. BEDROOM 12' 8" x 10' 11" (3.863m x 3.329m) approximate measurements. PVC window to the front aspect, carpet flooring, pendant fitting and a radiator. Freestanding wardrobes. STAIRS Stairs to the second floor. BEDROOM 16' 6" x 12' 6" (5.047m x 3.822m) approximate measurements. Velux double glazed window to the front aspect, wooden flooring, light fitting, radiator and wall mounted Worcester boiler. Storage to the eaves. OUTSIDE To the front is a low maintenance walled garden with patio slabs and shrubbery. To the rear is a courtyard with water supply and a further non enclosed area to the rear of the courtyard.

Martin and Co

Local Branch: Unit 33 The Forum, Lincoln, LN6 8HW
Head Office: 2 St Stephens Court, Bournemouth, BH2 6LA

Fees & Charges Explained

Rasen Lane, Lincoln, LN13HF

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 01522 775 259.

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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