3 bed terraced house for sale

Abbot Street, Lincoln, Lincolnshire LN5

11 Abbot Street, Lincoln, LN5 7SN

Modern Method of Auction | Three Bedroom Bay-Fronted Terrace | City Centre Location | Excellent Investment Opportunity

A fantastic opportunity to acquire a spacious three-bedroom bay-fronted Victorian terrace, ideally situated within walking distance of Lincoln city centre. Offered for sale via the Modern Method of Auction, this property presents an excellent prospect for investors, landlords and buyers looking to add value through light refurbishment.

Occupying a sought-after central position, the property offers generous accommodation throughout, including two versatile reception rooms, a fitted kitchen, three well-proportioned bedrooms and a family bathroom. To the rear is an enclosed courtyard garden, while permit parking is available to the front of the property.

Requiring some cosmetic improvement, the property provides purchasers with the opportunity to modernise and personalise to their own specification. With an estimated rental income of approximately £1,000 per calendar month once improved, it represents an attractive buy-to-let investment with excellent long-term potential.

Conveniently positioned close to Lincoln's vibrant city centre, the University of Lincoln, local amenities, schools and excellent transport links, this is a superb opportunity to secure a property in a consistently popular rental location.

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

LIN260347/8

Auctioneer Comments

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the (truncated)

Hall

Side entrance door, stairs rising to first floor.

Lounge (4.17m x 3.62m)

Bay window to front aspect, radiator.

Dining Room (3.63m x 3.23m)

UPVC double doors to rear aspect, understairs cupboard, radiator.

Kitchen (3.72m x 2.22m)

Being fitted with a range of eye level wall and base units with contrasting work surfaces fitted over, electric oven with 4 ring electric hob and extractor hood over, double glazed window to side aspect, wall mounted gas combination boiler, stainless steel sink unit with drainer and mixer tap over, space and plumbing for appliances, radiator.

Bathroom (2.36m x 2.3m)

Three piece suite comprising of panelled bath tub with shower fitted over, low level WC, pedestal wash hand basin, double glazed frosted window to side aspect, extractor fan, storage cupboard, radiator.

First Floor Landing

Bedroom 1 (3.62m x 3.56m)

Double glazed window to front aspect, storage cupboard, radiator.

Bedroom 2 (3.63m x 1.95m)

Double glazed window to rear aspect, radiator.

Bedroom 3 (2.8m x 2.62m)

Double glazed window to rear aspect, radiator.

Outside

Rear courtyard which is mainly laid to lawn with a decking area all of which is enclosed by brick wall.

Parking

On street parking (permit required via City of Lincoln Council).

Note To Investors

With some light renovation we believe this property could achieve a monthly rent of £1000.