9 bedroom property for sale in Lincoln

Pridea are presenting this 9 Bedroom HMO to the market. With a gross income at maximum capacity of close to ?50,000.

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 Limited. 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.

Ground floor Hallway - 63'4" (19.3m) Max x 12'10" (3.91m) Max
Front door opening to a considerably sized hallway. Stairs leading first floor, carpeted throughout.


W.C. Ground floor - 5'6" (1.68m) Max x 3'6" (1.07m) Max
Downstairs W.C in white includes


Ground floor Shower room - 5'3" (1.6m) Max x 3'6" (1.07m) Max
Shower enclosure, white toilet and basin.


Dining Room - 13'8" (4.17m) Max x 13'6" (4.11m) Max
TV On wall, thermostat, radiator, double glazed windows.


Pantry - 9'0" (2.74m) Max x 4'11" (1.5m) Max
Boiler, three Fridge freezers.


Kitchen - 11'9" (3.58m) Max x 7'9" (2.36m) Max
Wooden affect kitchen with range of high and low level cupboards. 4 ringed hob, oven. Tiled flooring, stainless steal sink with drainer and mixer tap.


Utility - 11'9" (3.58m) Max x 11'9" (3.58m) Max
Range of high and low cupboards, 4 ring hob, oven. Two washing machines.


W.C. Ground floor 2 - 2'8" (0.81m) Max x 5'2" (1.57m) Max
Downstairs W.C in white includes basin.


landing - 1st floor - 64'5" (19.63m) Max x 2'8" (0.81m) Max
Hallway runs almost the full length of the property. A doorway splits the hallway into two where it widens from 2.94" to the 5.64". Carpeted with radiators.


Bathroom - First floor - 7'2" (2.18m) Max x 5'9" (1.75m) Max
In Cream, Bath with shower screen and shower over bath, Toilet and sink.


Room 1 - 16'2" (4.93m) Max x 21'9" (6.63m) Max
L Shaped room, Velux window x 2, Double bed, Leather sofa, Built in wardrobe.


Bedroom 1 + En Suite - 7'2" (2.18m) Max x 5'6" (1.68m) Max
Bath, W.C, Basin in pale colour. Extractor fan.


Room 2 - 13'10" (4.22m) Max x 12'1" (3.68m) Max
This double bedroom offers ample space all the necessary furniture. Rear aspect, Radiator, double glazing.


En suite
Newly fitted, details TBC


Room 3 - 12'4" (3.76m) Max x 9'9" (2.97m) Max
Side access, radiator, carpeted, double glazed.


Room 4 - 9'9" (2.97m) Max x 8'6"