Percy Street, Lincoln, Lincolnshire, LN2
- PROPERTY TYPE
End of Terrace
- BEDROOMS
6
- BATHROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 6 Bedroom End of Terrace Property
- Communal Kitchen and Living Room
- Two Shower Rooms
- Private Enclosed Garden
- Investment Potential
- Being Sold With No Onwards Chain
- For Sale Via Modern Method of Auction
Description
***BEING SOLD AS VACANT POSSESSION THROUGH THE MODERN METHOD OF AUCTION WITH NO ONWARD CHAIN IS THIS 6 BEDROOM END OF TERRACE PROPERTY. WITH THE POTENTIAL OF GENERATING CIRCA £31,200 - £43,680 PER ANNUM***
Welcome to 8 Percy Street. A well positioned and generously sized property that offers fantastic investment potential as a potential HMO (with the relevant licensing and certifications) or as a individual rental. A well proportioned property that is in need of some upgrading throughout but the potential is vast. The property offers extension potential to the side aspect to enhance living space even further (subject to planning). The suggestion of adding an ACO drain to the the front off the aspect is advised to eliminate any further risk of rain water penetration into the property.
A breakdown of the potential rents are below (weekly):
Individual Rooms;
Circa £100 - £140 Per Week/Per Room
Resulting in a potential Income Generation of Circa £31,200 - £43,680 per annum.
Whole Property;
Circa £1,500 potential per calendar month, delivering a potential 10% yield.
For any more information please contact your local Your Move Branch.
Freehold/City of Lincoln Council-Band A/EPC Grade D.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
LIN260037/2
Auctioneer Comments
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 (truncated)
Entance Hall
With carpet flooring, uPVC door to the side aspect, ascending carpet stairs and a generously sized storage cupboard.
Bedroom 1
2.27m x 3.32m
Double bedroom comprising a radiator, carpet flooring and a double glazed window to the front aspect.
Communal Room
3.54m x 3.3m
With carpet flooring, radiator and a double glazed window to the side aspect.
Kitchen
3.26m x 3.01m
Fitted kitchen hosting a range of wall and base units, tiled flooring, tile splashbacks, oven with a four ring electric hob, space and plumbing for a washing machine and dishwasher, sink and drainer unit and a double glazed window to the side aspect.
Hallway
Hosting carpet flooring and a uPVC door to the side aspect.
Shower Room 1
1.35m x 1.84m
Hosting a shower unit, low level WC, pedestal wash hand basin, fully tiled walls, extractor fan and tiled flooring.
Shower Room 2
1.45m x 1.85m
With a low level WC, pedestal wash hand basin, shower unit and an extractor fan.
Bedroom 2
2.97m x 5.19m
Double bedroom hosting carpet flooring, radiator and two double glazed windows to the side aspect.
Landing
With carpet flooring and access to;
Bedroom 3
3.38m x 3.46m
Double bedroom hosting carpet flooring, radiator and a double glazed window to the front aspect.
Bedroom 4
2.23m x 3.63m
Double bedroom hosting carpet flooring, radiator and a double glazed window to the side aspect.
Bedroom 5
2.24m x 3.11m
Double bedroom comprising carpet flooring, radiator and a double glazed window to the side aspect.
Bedroom 6
2.9m x 2m
Generously sized sixth bedroom hosting carpet flooring, radiator and double glazed windows to both side aspect.
Gardens
The property offers on street (non permit) parking to the front aspect. The side garden is generously sized and beautifully private and is laid mostly to patio with partial raised beds hosting a variety of plants and shrubs.
Tenure
Freehold Lincoln City Council Tax Band A
Brochures
Web DetailsFull Brochure PDF- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Percy Street, Lincoln, Lincolnshire, LN2
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Visit our security centre to find out moreDisclaimer - Property reference LIN260037. 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 Your Move, Lincoln. 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.
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 Your Move, Lincoln on 020 3873 9734.
*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.”
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