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2 bedroom flat for sale

Queensway, Gainsborough

Withdrawn from Market £40,000

Property Description

Key features

  • Two bedroom maisonette
  • Lounge dining area
  • Kitchen with range of units
  • UPVC double glazing and gas central hetaing
  • NO CHAIN
  • EPC Rating: C
  • For sale by auction ? T & C's apply
  • Subject to an undisclosed Reserve Price
  • Reservation Fee applicable
  • The Modern Method of Auction

Full description

DDM PROPERTY AUCTION : For sale by Modern Method of Auction: Starting Bid Price £40,000 plus reservation fee.

DDM Auctions are offering to the market an investment opportunity for buy to let investors to purchase a two bedroom maisonette spread over two floors, briefly comprising entrance onto hallway, with forward facing lounge/dining area and kitchen with a range of wall and base units.  To the first floor are two double bedrooms and a bathroom with a coloured three piece suite.  The property has double glazing and gas fired central heating throughout and the benefit of no onward chain for ease of purchase.Previously let at £350pcm with minimal ground rent and service charges.  Viewings are advised and this is seen to be an excellent opportunity for buy to let investors.   
This property is for sale by DDM Property Auction powered by iam-sold Ltd. 

AUCTIONEER'S COMMENTS 
This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed Reserve Price which is generally no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by DDM Property Auction powered by iam-sold Ltd. 

TO VIEW OR MAKE A BID – Contact DDM Residential on 01427 616161 or visit: www.northlincolnshirepropertyauction.co.uk 


More information from this agent

Energy Performance Certificate (EPC) graphs

Listing History

Added on Rightmove:
16 November 2016

Map & Street View

Disclaimer - Property reference 3757711. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by DDM Residential, Gainsborough. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call DDM Residential, Gainsborough on 01427 616161.


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