2 bed end terrace house for sale

Toronto Street, Lincoln, Lincolnshire LN2

1 Toronto Street, Lincoln, LN2 5NN

Two-Bedroom End-of-Terrace Period Home – For Sale via Modern Auction

Starting Price: £85,000

An exciting opportunity to acquire a two-bedroom end-of-terrace period property, perfectly positioned close to Lincoln city centre.
Requiring a full programme of renovation, this home offers immense potential for investors, developers, or those looking to create a charming home in a highly sought-after area.

With Lincoln’s thriving rental market and growing student and professional population, this property represents a strong investment opportunity. Once refurbished, it could achieve impressive rental returns or serve as a rewarding flip project for developers.

This property is offered for sale by Modern Method of Auction, providing buyers with a flexible, transparent, and efficient route to purchase.
Interested parties are encouraged to register early and arrange a viewing to fully appreciate the potential on offer.

Freehold/City of Lincoln Council-Band A/EPC Grade E.

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.

LIN250670/8

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)

Porch

External door & internal door into:

Hall

Stairs rising to first floor, stain glass window to side aspect, radiator.

Lounge (3.45m x 3.43m)

Window to front aspect, fireplace, storage cupboards, radiator.

Dining Room (4.77m x 3.77m)

Window to rear aspect, electric fire, understairs storage cupboard, radiator.

Kitchen-Diner (5.05m x 2.72m)

Fitted with wall and base units, stainless steel sink unit with drainer, two windows to side aspect, uPVC frosted side door, radiator. There is a boiler cupboard and utility area located off the kitchen. The gas combination boiler has been recently fitted.

Landing

Having loft access, radiator.

Bedroom 1 (4.48m x 3.65m)

Window to front aspect, radiator.

Bedroom 2 (3.82m x 3.73m)

Window to rear aspect, radiator, storage cupboard.

Bathroom (2.75m x 2.3m)

Comprising of panelled bath with shower head fitted, low level WC, pedestal wash hand basin, frosted window to side aspect, airing cupboard, radiator.

Outside

There is a low maintenance, fully enclosed courtyard to the rear all of which is enclosed by fencing and brick wall. There is also a side access gate. Parking is available on street (no permit required).

Note To Investors

Once renovated throughout we believe the property could achieve a monthly rent of £950pcm.