2 bedroom Detached bungalow in Skegness

4 Central Avenue, Ingoldmells, Skegness PE25 1LB
  • Lot No: 112
  • Property Type: Detached bungalow
  • Contract Type: Unconditional with Variable Fee

Guide Price* £99,500 - £120,000 plus fees

Result Sold at Auction £124,000

Property Description

A fantastic opportunity to purchase two investment properties in one lot, providing two income streams from day one. On offer and within walking distance of the beach, shops, bars and a wide range of amusements makes this a very attractive investment. A detached bungalow with two double bedrooms and two reception rooms and additionally via a separate entrance is a static 35ft mobile home. The property was most recently let on two ASTs generating a very impressive yearly income of close to £17,000 which against the guide price is a 17% return, and what is even more impressive is that this income level could be increased if the properties are rented out as short term holiday lets. Viewings and a YouTube video are available accessed by clicking the virtual tour, this will give you a greater insight on the properties on offer before auction day.

Utility Room

12ft x 3ft 7 (3.66m x 1.09m)


Kitchen

8ft 8 x 7ft 3 (2.64m x 2.21m)


Lounge

12ft 7 x 12ft 3 (3.84m x 3.73m)


Bedroom One

11ft 1 x 10ft 2 (3.38m x 3.10m)


Bedroom Two

11ft x 8ft 1 (3.35m x 2.46m)


Sitting Room

14ft x 8ft 1 (4.27m x 2.46m)


Outside

Front garden, multi vehicle off road parking, rear garden accessed to the side of the property. The static caravan is also located in the rear garden.


Static Mobile Home

35ft x 12ft (10.67m x 3.66m)


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. 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 all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction 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.

Auction Details

Date 23rd February 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

4 Central Avenue, Ingoldmells, Skegness PE25 1LB