This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
6 bedroom End Terrace House for sale, Percy Street, Lincoln, Lincolnshire, LN2
Features and Description
- 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
***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.
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 service is taken. Payment varies but will be no more than £450.00. These services are optional.
Entance Hall
With carpet flooring, uPVC door to the side aspect, ascending carpet stairs and a generously sized storage cupboard.
Bedroom 1
7'5" x 10'11" (2.27m x 3.32m)
Double bedroom comprising a radiator, carpet flooring and a double glazed window to the front aspect.
Communal Room
11'7" x 10'10" (3.54m x 3.30m)
With carpet flooring, radiator and a double glazed window to the side aspect.
Kitchen
10'8" x 9'11" (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
4'5" x 6'0" (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
4'9" x 6'1" (1.45m x 1.85m)
With a low level WC, pedestal wash hand basin, shower unit and an extractor fan.
Bedroom 2
9'9" x 17'0" (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
11'1" x 11'4" (3.38m x 3.46m)
Double bedroom hosting carpet flooring, radiator and a double glazed window to the front aspect.
Bedroom 4
7'4" x 11'11" (2.23m x 3.63m)
Double bedroom hosting carpet flooring, radiator and a double glazed window to the side aspect.
Bedroom 5
7'4" x 10'2" (2.24m x 3.11m)
Double bedroom comprising carpet flooring, radiator and a double glazed window to the side aspect.
Bedroom 6
9'6" x 6'7" (2.90m x 2.00m)
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
FreeholdLincoln City CouncilTax Band A
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
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 travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Percy Street, Lincoln, Lincolnshire, LN2
Additional Information
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Property refLIN260037
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EPCD
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TenureFreehold
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Council TaxA
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Local authorityLincoln City Council
The pin shows the exact address of the property
Energy Efficiency Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
58Potential
79CO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
