4 bed end terrace house for sale

122 Cross Street, Lincoln, Lincolnshire LN5

For sale by online auction on Tuesday, 18 Mar 2025 ending at 14:23

*online Unconditional Auction Opening 17 March 2025*

To register for the legal pack and bidding, please visit our website:



Situation:

The property is situate on Cross Street, Lincoln, a popular and well positioned area of the City, close to a wide range of facilities and amenities, including the University and City centre. Lincoln is a vibrant and popular historic city, and has seen significant growth over the last decade, with the increasingly popular university, and continued development. The City also boasts a well connected rail station and good road access to the surrounding areas.

Description:

A traditionally constructed end of terrace house, arranged as a 4 bed property having a versatile internal layout, with the benefit of an attached self contained building as a potential annexe (subject to planning). The property benefits from double glazing, gas central heating and well proportioned rooms throughout and is offered for sale currently let at £900 pcm (£10,800 per annum). The tenant has recently be served a Section 21, and is keen to move on, so vacant possession is anticipated shortly after completion. An internal viewing is highly recommended to appreciate the scope on offer, as there is potential to add value, or potentially split title to provide separate letting facilities or HMO (STP) with potential of over £30,000 per annum income.

Accommodation

Ground Floor:

Entrance Hallway

Lounge

Breakfasting Kitchen

Bedroom 1

First Floor:

Bedroom 2

Bedroom 3

Bedroom 4

Bathroom

Potential Annexe:

Shower Room

Open Plan Self Contained Living Area.

Outside:

To the rear of the property is a garden area.Material Information

Tenure:

The property is freehold. All prospective bidders should satisfy themselves of the tenure by inspecting the legal pack.

Council Tax:

The property falls within Lincoln Council – band A

Possession:

Subject to exisiting tenancy agreement and notice.

Viewing:

Strictly by appointment with Auction House.

Services:

Prospective purchasers are advised to make their own enquiries of the relevant statutory author

EPC Rating
The EPC has been ordered but we are awaiting access from the tenant.

Additional Fees
Buyers Premium: Non-refundable £1,440 inc VAT payable on the fall of the virtual gavel.

Administration Charge - Non-refundable £1,440 inc VAT payable on the fall of the virtual gavel.

Disbursments - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.