Bank Cottage, 3 Main Road, Utterby, Louth LN11 0TP

Available is this 2 bedroom mid terraced property located in an extremely sought after and popular residential location.

Boasting a potential rental income in excess of £7,500 per year and offering a near 10% return vs the guide price.

The property briefly comprises of an entrance porch, lounge, kitchen, inner hall, 2 bedrooms and shower room.

A spacious mid-terraced house situated on the northern side of the village, conveniently located for the towns of Louth and Grimsby and situated on the A16 road.

The property benefits from uPVC double glazing and modern electric panel heaters, providing comfortable and efficient accommodation. Enjoying open aspects to both the front and rear, the property presents an excellent opportunity for first time buyers, Air BandB, buy to let, investors, or those seeking a home within easy reach of local amenities and transport links.

Entrance Porch

Lounge - 3.62m x 4.12m

Kitchen - 2.25m x 3.77m

Inner Hall

Shower Room - 1.79m x 2.08m

Bedroom One - 2.83m x 4.15m

Bedroom Two - 2m x 2.78m

Freehold

Vacant posession upon completion

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms. 

Note
Please be advised that whilst our joint agent has conducted an inspection, the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.