• Terraced House +
• Six Bedrooms +
• Licenced as HMO +
• Requires Scheme of Refurbishment +
• Popular University City +
• Ideal for the Investor +
• EPC Rating: D +

*ONLINE Unconditional Auction Opening 11 November 2024*
To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/lincolnshire
Situation:
The property is situate on Colegrave 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 mid terrace house, arranged as a 6 bedroom fully let HMO property and generating circa £30,000 per annum. The property is in good order throughout, having been well maintained by the current vendor, and essentially is ready to go investment opportunity, earning from day one. The property benefits from double glazing, gas central heating and well proportioned rooms throughout. An internal viewing is highly recommended.

Accommodation Entrance Hall
Single radiator, stairs to first floor.

Bedroom One: 4.01m x 4.50m
Single glazed bay window to the front elevation.

Bedroom Two: 3.94mx 3.51m
Single glazed sash window to the rear elevation, double radiator, fireplace (not currently in use)

Communal Lounge: 3.71m x 4.04m
Single glazed sash window to the side elevation, double radiator, built in storage. Archway to:

Kitchen: 3.28m x 2.40m
Single glazed casement window to the side elevation, fitted wall and base units with stainless steel single drainer, sink, built in oven, four ring gas hob with extractor over, space and plumbing for washing machine, part tiled walls. Archway to:

Rear Porch:
With door to side passageway and further door to side elevation, single radiator. Archway to:

Bathroom: 2.34m x 2.28m
Single glazed casement window to the rear elevation, three piece suite comprising panelled bath with shower over, pedestal wash basin, mid flush w.c., double radiator, part tiled walls.

Store Room: 2.28m x 0.94m
Double glazed casement window to the side elevation.

First Floor:

Bedroom Three: 4.13m x 3.54m
Single glazed casement window to the side elevation, double radiator, wash hand basin.

Spare Room/potential Bedroom Seven: 3.21m x 2.15m
Single glazed sash window to the side elevation, double radiator, Vaillant boiler.

Bathroom Two: 2.04m x 1.87m
Single glazed sash window to the side elevation, three piece suite comprising panelled bath with shower over, mid flush w.c., pedestal wash basin, part tiled walls, single radiator.

Second Floor
Bedroom Four:
Single glazed window to the side elevation.

Bedroom Five: 3.80m x 3.28m
Two single glazed sash windows to the front elevation, double radiator, built in storage.

Bedroom Six: 2.93m x 2.69m
Single glazed sash window to the front elevation, single radiator.

Landing
Single radiator, loft access.

Externally:
The front elevation offers a small walled yard area and a side passageway. The rear elevation offers a large patio area and further walled garden.
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 existing tenancy agreements.

Viewing:
Strictly by appointment with Auction House.

Services:
Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities. NB: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.

These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract. Information relating to Rating and Town and Country Planning matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate Authority. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them. Tenure: Freehold EPC Rating: D Administration Fee: 1.2% inc VAT of the purchase price, payable on exchange of contracts. Buyer's Premium Fee: £1800 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.