55 Rasen Lane, Lincoln

Guide Price
£160,000
For Sale
1/19
Guide Price
£160,000
For Sale
Charlotte Mountain
Sales Negotiator
01522 568822
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Property summary

Freehold
Modern Method of Auction - T & Cs Apply
Reservation Fee Payable
Ideal Air BnB/Investment
Immaculately Presented
Two Bedrooms
Converted Basement
Modern Kitchen & Bathroom
Low Maintenance Rear Garden
Highly Sought After Location
EPC Rating - D, Council Tax Band - TBC
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Get in touch

Charlotte Mountain
Sales Negotiator
01522 568822

More about the property

For Sale By Modern Method of Auction – T & Cs Apply

An immaculately presented 2 bedroom terraced home ideally situated close to the Bailgate and Cathedral Quarter of Lincoln.

The property has undergone a full refurbishment recently with internal accommodation briefly comprising; lounge, kitchen diner, utility room and family bathroom. To the first floor landing there are two bedrooms. The basement has been adapted to a useful reception room. Externally the property benefits from shared passageway which leads to the low maintenance rear garden.

The historic Cathedral and University City of Lincoln has the usual High Street shops and department stores, plus banking and allied facilities, multiplex cinema, Marina and art gallery. The famous Steep Hill leads to the Uphill area of Lincoln and the Bailgate, with its quaint boutiques and bistros, the Castle, Cathedral and renowned Bishop Grosseteste University. An early and internal viewing is highly recommended to avoid disappointment.

Agent’s Note: This property is currently operated as an Air BnB, and prospective buyers would need to make their own enquiries with regards to current rates/council tax payable. For information on the income generated through Air BnB, please contact the office on 01522 568822. Additionally, please note that the neighbouring property holds a right of access through the rear garden for bin removal.

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Stonebow works with Pygott & Crone Estate Agents to provide their clients with expert mortgage and protection advice. Stonebow has access to over 12,000 mortgages from 90+ lenders, so we can find the right mortgage to suit your individual needs. The expert advice we offer, combined with the volume of mortgages that we arrange, places us in a very strong position to ensure that our clients have access to the latest deals available and receive a first-class service. We will take care of everything and handle the whole application process, from explaining all your options and helping you select the right mortgage, to choosing the most suitable protection for you and your family.

Stonebow works with Pygott & Crone Estate Agents to provide their clients with expert mortgage and protection advice. Stonebow has access to over 12,000 mortgages from 90+ lenders, so we can find the right mortgage to suit your individual needs. The expert advice we offer, combined with the volume of mortgages that we arrange, places us in a very strong position to ensure that our clients have access to the latest deals available and receive a first-class service. We will take care of everything and handle the whole application process, from explaining all your options and helping you select the right mortgage, to choosing the most suitable protection for you and your family.

Property documents

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Broadband

Below is an estimate of broadband speeds and availability at this property. This data has been sourced from Ofcom and should only be used as a guide. For more precise speeds and availability consult a broadband provider. NB: Mbps = Megabits (or "meg") per second.

Standard: Download: 7 Mbps / Upload: 1 Mbps or less
Superfast: Download: 80 Mbps / Upload: 20 Mbps
Ultrafast: Download: 1000 Mbps / Upload: 1000 Mbps

Stamp Duty Land Tax

Below is an illustration of the Stamp Duty Land Tax ("Stamp Duty") that would be payable, based on a set of assumptions. You should always check your stamp duty liability and any other costs due with your solicitor or conveyancer.

£700 would need to be paid in stamp duty on purchasing this property, assuming that you are purchasing freehold, purchasing as an individual (or jointly with someone else), and this will be your only property.

First Time Buyers may claim a discount (relief) on purchases of £625,000 and under.

The stamp duty for first time buyers would therefore be £0.

Accommodation

BUYING CONDITIONS
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
Entrance Hall
Lounge
3.63 x 3.56m
Kitchen Diner
3.61 x 3.38m
Utility
Bathroom
2.01 x 1.91m
Basement/Reception Room
4.22 x 3.45m
Bedroom 1
4.17 x 3.56m
Bedroom 2
4.14 x 3.43m
Shed
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