Property for sale in Monson Street, Lincoln LN5

Guide price £240,000
Interested in this property? Call +44 1522 775071 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property for sale - 4 bedrooms 4 3 3
Tenure: Freehold Council tax band: A

Property features

  • Sale by Modern Auction (T&Cs apply)
  • Subject to an undisclosed Reserve Price
  • Buyers fees apply
  • Ideal investment opportunity well situated within the city of lincoln with A variety of amenities
  • Three self contained flats - 2 bedroom ground floor, 1 bedroom 1st floor and 1 bedroom 2nd floor
  • Freehold opportunity with tenants in situ - currently achieving £1430 pcm across the 3 flats
  • Communal area's giving access to each flat
  • Well presented throughout with modern fitted kitchens and living area's

Property description


Summary
fantastic investment opportunity - three self contained flats .... Two bedroom Ground floor with enclosed garden, One bedroom first floor and One bedroom second floor all currently let. Well situated within the City of Lincoln with a variety of amenities nearby.

Description
well situated freehold investment opportunity on monson street, located just of the high street within the city of lincoln...

21 Monson street is split between Three flats with schedules as followed

21a - Ground floor - 2 bedroom currently achieving £550 per Calendar month

21b - 1st Floor Flat - 1 bedroom currently achieving £480 per Calendar month

21c - 2nd floor - 1 bedroom currently achieving £400 Per Calendar month

full details and measurements as below...

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 Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

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 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 complete an identification process with iamsold and provide proof of how the purchase would be funded.

The 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 of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will 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 undisclosed reserve price that can change.

Communal Entrance
Door to front aspect from Monson Street giving Access to 21 a/b/c. With door to rear aspect, tiled flooring and stairs to the first floor

21a - Ground Floor Flat
Door from Communcal entrance gives access to the two bedroom ground floor flat.

Lounge 13' 7" x 11' 3" ( 4.14m x 3.43m )
Door to side aspect from communal entrance giving access, TV point, wall mounted panel radiator, window to rear aspect, laminate flooring

Kitchen 12' 3" x 5' 8" ( 3.73m x 1.73m )
Fitted with a range of wall and base units with work tops over, window to side aspect, electric cooker and hob, tiled splashbacks, laminate flooring, LED spotlights, inset one and a half bowl sink and drainer

Inner Hall
Laminate flooring, window to side aspect, cupboard housing the boiler, door to garden, wall mounted panel radiator

Bedroom One 11' 6" x 9' 9" ( 3.51m x 2.97m )
Built in storage, window to front aspect, wall mounted panel radiator, laminate flooring

Bedroom Two 14' x 10' + Recess ( 4.27m x 3.05m + Recess )
Window to side aspect, patio doors to rear aspect, wall mounted panel radiator, laminate flooring, TV point

Bathroom
Partly tiled, WC, wash hand basin, bath with mixer taps and shower over, window to side aspect

Rear Garden

21b- 1st Floor Flat

Entrance Hall
Window to rear aspect, wall mounted panel radiator, laminate flooring

Lounge 11' 7" x 10' ( 3.53m x 3.05m )
Window to front aspect, wall mounted panel radiator, laminate flooring, TV point, steps to:-

Kitchen 10' 7" x 5' 2" ( 3.23m x 1.57m )
Fitted with a range of wall and base units with work tops over, electric oven and hob, laminate flooring, tiled splashbacks, inset one and a half bowl sink and drainer, space and plumbing for a washing machine, open into lounge

Bedroom One 11' 9" x 6' 10" ( 3.58m x 2.08m )
Window to front aspect and skylight, built in storage, loft access, laminate flooring, wall mounted panel radiator

Bathroom
Skylight window to rear aspect, wall mounted panel radiator, WC, wash hand basin, bath with mixer taps and shower over, partly tiled, extractor fan, c/h boiler

Second Floor Flat

Entrance Hall
Entrance into hall, window to rear aspect, wall mounted panel radiator, stairs to hallway, laminate flooring

Lounge 11' 9" x 9' 9" ( 3.58m x 2.97m )
Steps into kitchen, window to front aspect, wall mounted panel radiator, laminate flooring

Kitchen 5' 7" x 5' 4" ( 1.70m x 1.63m )
Fitted with a range of wall and base units with work tops over, electric oven and hob, cooker hood over, tiled splashbacks, laminate flooring, inset one and a half bowl sink and drainer, space for a fridge freezer

Bedroom One 16' x 7' + Recess ( 4.88m x 2.13m + Recess )
Skylight window to front aspect, wall mounted panel radiator, laminate flooring, storage cupboard

Bathroom
Partly tiled, skylight window to rear aspect, bath with mixer taps and shower over, WC, wash hand basin, wall mounted panel radiator

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

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William H Brown - Lincoln, LN2 on +44 1522 775071 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by William H Brown - Lincoln, and do not constitute property particulars. Please contact William H Brown - Lincoln for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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