DDM PROPERTY AUCTION : For sale by Modern Method of Auction: Starting Bid Price £30,000 plus reservation fee. DDM Property Auctions are delighted to offer for sale this two bedroom mid-terrace property situated in an established residential area of Gainsborough.
Being sold with the benefit of no onward for ease of purchase. The property comprises of open plan lounge through dining area, kitchen and ground floor bathroom. To the first floor are two double bedrooms.
The property has gas fired central heating and a yard onto the front and rear. The property lends itself to buy to let investors and commands early and internal inspection which is via the selling agent.
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 (£6,000 including 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
ENTRANCE TO THE PROPERTY Via a door into:
LOUNGE THROUGH DINING ROOM 26'3" x 11'9" (8m x 3.58m). With windows, central heating radiator and stairs to the first floor, laminate flooring and deep under stairs storage space, dining area leads onto:
KITCHEN 8'10" x 6'1" (2.7m x 1.85m). With a range of wall and base units, stainless steel sink and drainer, window and space and plumbing for all appliances and access given to:
LOBBY AREA With central heating radiator and door onto the rear garden and access given to:
GROUND FLOOR BATHROOM With three-piece suite in white, separate shower over and half tiled walls.
FIRST FLOOR LANDING Access to two bedrooms.
BEDROOM ONE 11'11" x 11'11" (3.63m x 3.63m). With a window to the front and central heating radiator.
BEDROOM TWO 11'10" x 11'10" (3.6m x 3.6m). With a window to the rear, airing cupboard space, wall mounted gas boiler and central heating radiator.