• Terraced House +
• Three Bedrooms +
• Requires Scheme of Improvment Works +
• Popular University City +
• Potential Investment Opportunity +
• Double Glazing & Gas Central Heating System +
• EPC Rating: D +

*ONLINE Unconditional Auction Opening 18 November 2024*
To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/lincolnshire
Situation:
The property is situate on Ripon 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 three bedroom mid terraced house offered for sale in need of a scheme of modernisation and improvement work throughout but benefitting from well proportioned and versatile living accommodation along with double glazing, gas central heating and being in a popular area of the City for both owner occupiers and student let/HMO’s subject to the necessary consent being obtained. The property would potentially generate approximately £20,000 per year under one of those proposed schemes, generating a significant yield.
An internal viewing is a must to appreciate the scope this property offers including potential to add value.
Accommodation Side entrance door into Entrance Hallway, radiator, door to

Sitting Room:
uPVC double glazed bay window to the front elevation, radiator, fireplace.

Dining Room:
Window to the rear elevation, radiator. Further door to

Kitchen:
Range of floor and wall units, complementary rolled edge worksurfaces, stainless steel sink and drainer unit, four ring gas hob with electric oven over, radiator, window to the side elevation. Door to

Rear Entrance Lobby:
With door to the outside, further door to

Family Bathroom:
Low level flush w.c. pedestal wash hand basin, panelled bath with shower fitment over, window to the side elevation.

Stairs rising to the first floor landing, walk in storage cupboard housing the gas boiler, with door to:

Bedroom One:
Window to the rear elevation, radiator, built in wardrobe.

Bedroom Two:
Window to the front elevation, radiator

Bedroom Three:
Window to the front elevation and radiator.

Externally:
The front of the property has a walled buffer garden and to the rear is an enclosed 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 City Council – BAND A

Possession:
Vacant possession will be given upon completion.

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: £1800 inc VAT 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.