1 bed flat for sale

Birthorpe Road, Billingborough, Sleaford NG34

Summary

Being Sold via Secure Sale online bidding. Terms & Conditions apply

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

Currently let and achieving a rental yield of 7.5% per annum is this one bedroom first floor situated in the popular village of Billingborough and close to all of its amenities. The full accommodation on offer comprises; Entrance Hall, Lounge Diner, Kitchen, Bedroom and Shower Room. There is off road parking to the rear of the property.

EPC rating: D.

The property is entered through a communal entrance hall with stairs leading to the first floor where there is an separate entrance door to this property. To the rear of the building is a car park with a

Agents Note

This is a Leasehold property with approx 107 years remaining with a ground rent of approx 300/year.

We are advised that there are currently no leasehold fees for this property despite the property being leasehold. The vendor will provide a lease indemnity policy and an absent landlord indemnity policy to facilitate a sale. We would recommend that you seek legal advice as to how this will protect a purchase.

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 107
Annual Ground Rent Amount: 300.00

Entrance Hall (2.06m x 1.37m)

Having upvc window to front aspect and cloak hanging space.

Lounge Diner (2.98m x 4.05m)

Having upvc window to front and side aspects, storage heater, cupboard housing water tank, TV and telephone points.

Kitchen (1.90m x 1.97m)

Having base and eye level units with work surface over, inset 1.5 bowl sink and drainer, space for electric cooker, space for fridge, plumbing for washing machine and window to rear aspect.

Bedroom (3.43m x 2.06m)

Having window to rear aspect and storage heater.

Shower Room

With low level w.c, wash hand basin, enclosed shower cubicle extractor fan and heated towel rail.

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.