Venables Way, Lincoln, LN24TY

Starting Price* £80,000
Time Left 5d 01h 10m 57s

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

Property Overview

An immaculately presented two bedroom first floor modern retirement apartment situated within an exclusive development on the Carlton District Centre, conveniently located close to a wide range of amenities plus excellent access routes into the City Centre.
The apartments are restricted to occupants of 55 years of age and over to ensure that an appropriate mix of permanent residents is achieved to enhance the ambience of the development.
Internally comprising: entrance hall, 33 feet long open plan living, dining and kitchen to include an array of integrated appliances. Two bedrooms plus a four piece bathroom suite. Each apartment has a secure video entry phone, community health link and adapted for wheelchair access. The development also has a lift giving access to each floor. Within the common areas of the development there is on the ground floor a communal lounge and additional storage facilities.
The apartments further benefit from off road parking and electric heating.

LEASEHOLD INFORMATION Lease 125 years from 1st July 2006
112 years remaining
Service Charges Approximately: £361.54 per quarter, payable in advance.

INVESTMENT OPPORTUNITY This superb apartment is available to purchase with a long term tenant in situ receiving £600pcm rental income.

FIXTURES & FITTINGS Please Note : Items described in these particulars are included in the sale, all other items are specifically excluded. We cannot verify that they are in working order, or fit for their purpose. The buyer is advised to obtain verification from their solicitor or surveyor. Measurements shown in these particulars are approximate and as room guides only. They must not be relied upon or taken as accurate. Purchasers must satisfy themselves in this respect.

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. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee 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 which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The buyer will also make payment of £220.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

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 HALL Carpet flooring, radiator, central heating thermostat, secure video telephone intercom entry system, telephone point, smoke alarm, ceiling and wall lights. Storage cupboard housing the hot water tank, central heating controls, mains electricity fuse box and single pendant light fitting. OPEN PLAN LIVING SPACE: LOUNGE 21' 7" x 11' 10" (6.58m x 3.62m) Carpet flooring, PVC double glazed window to the rear aspect, radiator, television and telephone points, wall and ceiling lights and storage cupboard. OPEN PLAN LIVING SPACE: KITCHEN/DINER 16' 9" x 11' 7" (5.12m x 3.54m) Fitted with a range of modern matching units at base and eye level comprising of cupboards and drawers with roll top surfaces and complimentary splash back tiling. Incorporating a range of integrated appliances to include a fridge freezer, washer/dryer, dishwasher, electric oven and hob with extractor fan over. One and half bowl stainless steel sink and drainer, tiled floor and spot lights. The dining area has carpet flooring, radiator, wall and ceiling lights. BEDROOM 11' 5" x 10' 7" (3.50m x 3.25m) Carpet flooring, PVC double glazed window to the rear aspect, radiator, ceiling and wall lights, television and telephone points. BEDROOM 8' 5" x 7' 4" (2.59m x 2.26m) Carpet flooring, PVC double glazed window to the rear aspect, radiator, single pendant light fitting, television and telephone points. BATHROOM 7' 8" x 7' 1" (2.34m x 2.16m) Comprises a four piece white suite having panelled bath, low level WC with concealed flush, vanity wash basin with storage cupboards below, shower enclosure with mains operated shower, complimentary wall tiling and tiled flooring, chrome heated towel rail, single pendant light fitting and extractor fan to ceiling.

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.

Martin and Co

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

Fees & Charges Explained

Venables Way, Lincoln, LN24TY

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 has been produced and provided by iamsold 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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