10 Cheviot Street, Lincoln

Guide Price
£160,000
For Sale
1/13
Guide Price
£160,000
For Sale
Adam Stuart
Sales Negotiator
01522 568822
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Property summary

Freehold
Modern Method Of Auction - T & C's Apply
Reservation Fee Payable
Mid Terrace Home
3 Bedrooms
No Onward Chain
Highly Sought After Area
Extensive Living Accomodation
EPC Rating - C, Council Tax Band - A
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Get in touch

Adam Stuart
Sales Negotiator
01522 568822

More about the property

Modern Method Of Auction – T & C’s Apply

An excellent opportunity for investors, developers and buyers looking for a renovation project, this substantial three-storey property on Cheviot Street, Lincoln, offers generous and versatile accommodation with plenty of potential to improve and modernise throughout. The property is being offered for sale via the Modern Method of Auction, making it an exciting prospect for those seeking their next project.

The ground floor comprises an entrance hall leading through to a spacious lounge, providing a generous reception area with scope to create a comfortable living space. There is also a fitted kitchen, a utility room and a ground-floor WC, offering practical facilities for everyday living.

To the first floor, the property offers four bedrooms, including a principal bedroom with an en-suite shower room, alongside a further shower room. The second floor provides an additional room, offering flexibility for a variety of uses, subject to any necessary consents.

Externally, the property benefits from a shed and additional storage space, providing useful facilities for both homeowners and those undertaking renovation works.

Requiring modernisation and refurbishment, this property presents an excellent opportunity to add value and create a home tailored to individual tastes and requirements. With its generous accommodation and flexible layout, it could appeal to a range of buyers, including investors and developers seeking a project with potential.

Offered for sale via the Modern Method of Auction, early viewing is recommended to appreciate the space and potential on offer.

Agents Note:- The sale is subject to a Grant of Representation (Probate) which has been applied for but has not been granted.

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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.

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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.

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: 16 Mbps / Upload: 1 Mbps or less
Superfast: Download: 80 Mbps / Upload: 20 Mbps
Ultrafast: Download: 5500 Mbps / Upload: 5500 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
4.35 x 3.93m
Dining Room
3.87 x 3.68m
Kitchen
3.95 x 2.31m
WC
Utility
3.22 x 2.27m
First Floor Landing
Bedroom 1
4.49 x 3.79m
En-Suite Shower Room
1.92 x 1.79m
Bedroom 2
3.72 x 2.57m
Bedroom 3
3.49 x 2.39m
En-Suite Shower
1.42 x 1.4m
Shower Room
2.62 x 2.35m
Stairs up to
Craft Room
5.1 x 4.88m
Outside
Shed
2.57 x 1.34m
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