1 bed flat for sale

Vicarage Court Cross Street, Lincoln, Lincolnshire LN5

Modern Method of Auction - T & Cs Apply

This one-bedroom flat is situated in a quiet residential development just off Cross Street, within walking distance of Lincoln city centre. Built after 1980, the property is part of a well-maintained block comprising 16 flats, making it an ideal choice for first-time buyers or investors seeking a low-maintenance home with strong rental potential.

The accommodation briefly comprises an open plan kitchen-living space, double bedroom and bathroom. You further benefit from gated access and an allocated parking space.

Vicarage Court presents an excellent opportunity for those seeking an affordable property in a convenient location with strong rental prospects.

Agents Note - Please note - We have been advised that the property is Leasehold with 120 years left on the lease and that the cost per annum for ground rent and service charge is approximately £1666.

Buying Conditions

This property is for sale by the Modern Method of Auction. Should you view, offer, or bid on the property, your information will be shared with the Auctioneer, Iamsold. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer's solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability, and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers Information Pack

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £349.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Entrance Hall

Lounge Dining Room

5.38m x 3.96m - 17'8” x 12'12”

Kitchen

2.54m x 2.03m - 8'4” x 6'8”

Bedroom

4.37m x 2.95m - 14'4” x 9'8”

Bathroom

2.06m x 1.73m - 6'9” x 5'8”