House For Sale £95,000
Stanley Place, Lincoln LN5
previous price £100,000

Fantastic investment opportunity...For Sale By Modern Method of Auction: Book your viewing and login to place bids!” Starting Bid Price £100,000 plus Reservation Fee...

**offered for sale with tenants in situ**excellent investment property**

occupancy guaranteed until August 2021.

Leaders Limited are pleased to offer this three bedroom, mid terrace house share. Situated centrally in a popular area of lincoln, just a 15 minute walk to the University of Lincoln and City Centre as well as being just a short walk from a range of excellent local amenities.

Set over 2 floors, the main entrance leads into the living room (Bedroom Three), further giving access to the dining room, kitchen and downstairs shower room. To the first floor there are 2 double bedrooms, the rear of which also offers a further study / dressing area.

The rear garden is a low maintained rear yard with on street parking to the front.

The property also benefits from having guaranteed occupancy until August 2021 and is let on a fully furnished, bills inclusive basis. The income for the 20/21 academic year is approx. £12,600. These figures equate to an approx. Gross rental yield of 11.4%
The property will also be sold fully furnished as to ensure the tenancies can continue to run smoothly.
Auctioneer 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. 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 £220.00 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. Disclaimer (ravo) These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.