Carholme Road, Lincoln, LN1

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £200,000

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’. These prices are subject to change.

An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non refundable reservation fee up to 6% inc VAT (subject to a minimum which could be up to £7,200 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

About the property;

Located in the heart of Lincoln on Carholme Road, this spacious three-storey home offers a fantastic opportunity for buyers seeking a character property with plenty of potential. While the home would benefit from decorative work and further improvement, it boasts generous room sizes, beautiful high ceilings, and period features that make it a truly exciting project.

On arrival, the property features a small courtyard to the front before you step through the front door into the entrance hallway, which provides access to all ground floor rooms. To the front, the bay-fronted lounge is a bright and impressive space, showcasing the home’s high ceilings and traditional proportions. Moving through, you’ll find a spacious dining room, again with excellent ceiling height—ideal for entertaining or family meals. The ground floor also benefits from a downstairs WC and a very generous kitchen, offering plenty of scope to redesign and create a superb family hub.

To the first floor, there are two double bedrooms, including a good-sized principal bedroom, along with the main family bathroom fitted with a three-piece suite comprising a bath with shower over, toilet, and basin.

The second floor provides two further bedrooms and an additional shower room with shower, toilet, and basin—ideal for larger families, guests, or those needing home working space.

Externally, the property offers a rear yard with a spacious outhouse, perfect for storage or workshop use. A real bonus is the double garage, accessed via Wellington Street, providing secure parking in this central location.

Ben from Walters

Disclaimer

Our Disclaimers:

Please Note: At the time of writing, all information provided in this listing is believed to be accurate and correct. While we strive to maintain the highest standards of accuracy, details may be subject to change.

Important Information Regarding Identity Verification: In compliance with legal obligations, all prospective property buyers will be required to undergo thorough identity verification checks. This process must be completed to proceed with any purchase.