2 bed end of terrace house to buy in DN21

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £66,000

Situated in a desirable cul-de-sac location in Gainsborough, Lincolnshire, this end-terrace house presents an excellent opportunity for both investors and home buyers. The property features two well-proportioned bedrooms and one bathroom, complemented by a comfortable public room that offers a practical space for relaxation or entertaining. Its freehold tenure provides stability and peace of mind for prospective buyers. The accommodation benefits from efficient gas central heating, promoting comfort throughout the year.

The residence boasts a generous private rear garden, offering ample outdoor space for leisure and potential for personalisation. The property is set back from the street and benefits from accessible street parking. With no onward chain, this house represents a straightforward and prompt opportunity for purchase. Currently, a tenant is in situ, with a rental income of £560 per calendar month, offering an attractive potential yield of 10.1%, making this an appealing proposition for investors. Viewings are available by appointment.

Local area

Gainsborough is a historic market town in Lincolnshire, offering a blend of local amenities, schooling options, and transport links. The location benefits from proximity to shopping facilities, leisure centres, and picturesque countryside, making it a convenient base for a range of lifestyles. The wider area provides access to regional road networks, ensuring straightforward travel to neighbouring towns and beyond.

EPC rating: C. Tenure: Freehold,
Kitchen

3.12m x 2.91m (10'3" x 9'7")
Fitted kitchen comprising of wall and base units, stainless steel sink with drainer and mixer tap, space for white goods, radiator, window to front aspect and serving hatch to lounge.

Lounge
4.53m x 3.2m (14'10" x 10'6")
Tile flooring, two radiators, service hatch to kitchen, window to rear aspect and door to utility area.

Utility area
1.28m x 3.04m (4'2" x 10'0")
Tile flooring, radiator, window, side aspect, and rear garden.

First floor accommodation

Bedroom One
3.79m x 3.21m (12'5" x 10'6")
Fitted carpet radiator window from Tapé and over-stair storage.

Bedroom Two
3.9m x 2.88m (12'10" x 9'5")
Fitted carpet, radiator, storage, cupboard, and window to the rear aspect

Bathroom
1.78m x 2.86m (5'10" x 9'5")
Fitted three piece sweet comprising of bath with overhead shower, hand wash basin, WC, radiator, tiled walls, vinyl flooring and window to rear aspect

Outside
To the front of the property is a mainly laid-to-lawn garden with a path leading to the front door.
To the rear of the property is a mainly laid-to-lawn garden with rear gated access and is enclosed by fencing.

TENURE
The tenure of this property is Freehold.

SERVICES
All mains services are available or connected subject to the statutory regulations. We have not tested any heating systems, fixtures, appliances or services.

LOCAL AUTHORITY
This property falls within the geographical area of West Lindsey Council

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

Please log in to view and download the legal pack files.

Heating supply: Gas
Electricity supply: National Grid
Water supply: Direct mains water
Sewerage supply: Standard UK domestic
Air conditioning: No
Broadband: Cable
Mobile signal: Good

Construction

Construction materials: Brick and block
Roofing types: Concrete roof tiles

Building Safety

Property at particular risk of floods and/or erosion: No
Has flooded in last five years: No
Has flood defences: No
Has planning permission or proposals for development that will affect property: No
Is on a coalfield or mining area: No

Rights and Restrictions

Is listed building: No
Is conservation area: No
Has public right of way: No
Has accessibility adaptations: No
Has restrictions: No
Has required access (easements, servitude or wayleaves): No

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