** MODERN METHOD OF AUCTION ** IN NEED OF MODERNISATION ** SPACIOUS MATURE PLOT ** A traditional detached bungalow, quietly positioned on a cul-de-sac postion in a well established residential area of Gainsborough. The property is a short walking distance to an excellent range of local amenities and requires a full scheme of modernisation throughout briefly comprising, entrance hall, front lounge, fitted kitchen diner, two double bedrooms served by a main family bathroom. Occupying a spacious mature plot with surroudning lawned gardens and a generous block paved patio area to th rear. The front of the bungalow provides a hard standing driveway allowing off street parking for multiple vehicles leading to a detached single garage. View via our Gainsborough office. EPC Rating: D, Council Tax Band: B.

• Auctioneers 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, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. 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 make payment of a non-refundable Reservation Fee of 4.5% to a minimum of £6,600.00 including VAT 4.5% of the final agreed sale price including VAT. This is subject to a minimum payment of £6,600.00 including VAT. which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. 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 from and all terms and conditions can be found in the Buyer Information 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 Northern Lincolnshire Property Auction powered by IAM Sold. Reservation Fee is in addition to the final negotiated selling price.