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" A modern semi detached property situated in a popular village, for sale by way of equity release relating to the leasehold interest. Internally offering front entrance porch, entrance hall, lounge, dining kitchen, TWO BEDROOMS and bathroom. Windows are sealed unit double glazed and heating is via off-peak electric storage heaters. Outside there are garden areas to front and rear and two dedicated car parking spaces.

DETAILS 8 SILVER STREET
THEDDLETHORPE
LINCS
LN12 1PA

?24,988, SUBJECT TO CONTRACT
FOR 25% SHARE

A semi detached property for sale by way of equity release relating to the vendors leasehold interest. This modern house has principal walls finished in facing brick with the pitched roof covered in tiles. Situate some four miles or so north of Mablethorpe and in a small similarly styled development just off Mill Lane and close to the village hall.

ACCOMMODATION

FRONT ENTRANCE PORCH: front door with upper glass panel with sealed unit double glazing; outer wooden canopy; hat and coat pegs; electricity meters; fitted carpet; pendant light; inner door to the

ENTRANCE HALL: fitted carpet; two power points; pendant light; off peak electric storage radiator; smoke detector.

LOUNGE: 3.81m x 2.80m

(12'6' x 9'2') telephone point; seven power points; front and side windows with sealed unit double glazing set into white uPVC frame; off peak electric storage radiator; three branch light fitting; fitted carpet.

DINING KITCHEN: 4.72m x 2.70m

(15'6' x 8'10') tall larder cupboard; space for tall fridge freezer; return matching base units with cupboards, drawers and work tops over; two single wall mounted cupboards; tiled wall protection; cooker aperture with extractor above; single drainer 1? bowl stainless steel sink unit (H&C) with matching cupboards beneath and rear window with sealed unit double glazing set into white uPVC frame above; rear door with white uPVC frame and sealed unit double glazed upper panel; smaller matching rear window; off peak electric storage radiator; nine power points; two florescent lights; vinyl floor covering.

STAIRCASE to FIRST FLOOR LANDING: two power points; access to roof space; pendant light; fitted carpet.

FRONT BEDROOM: 3.65m x 2.80m

(12'0' x 9'2') front window with sealed unit double glazing set into white uPVC frame; six power points; off peak storage radiator; walk-in wardrobe with hanging rails and shelving; pendant light; fitted carpet.


SIDE BEDROOM: 3.96m x 2.67m

(13'0' x 8'9') side and rear windows with sealed unit double glazing set into white uPVC frame; fitted wardrobe with hanging rail and shelf; off peak storage radiator; four power points; pendant light and fitted carpet.

BATHROOM: 2.00m x 1.95m

(6'7' x 6'5') enclosed bath (H&C) with shower mixer unit over; rail and curtain; pedestal handbasin (H&C); tiled splash back with cabinet over; low flush w.c.; airing cupboard housing the foam lagged hot water cylinder and immersion heater; high lever wall mounted electric heater; pendant light.

Outside there are front and rear gardens, the latter with a slabbed patio and lawn. The timber garden shed is also included.

There are two block paved car parking spaces to the opposite side of the road frontage.

SERVICES: Mains electricity and water are connected. Heating is via off peak electric storage radiators as indicated. Drainage is to a septic tank and subject to British Telecom regulations the telephone is connected.

COUNCIL TAX: The property is placed in Tax Band A.

TENURE: The property is held subject to a 99 year lease that commenced in December 1996. The landlord who holds absolute title to the property is a Housing Association registered with the Housing Corporation under Number 410273.

The leasehold is the agents vendor who has a 25% equity in the property and it is this equity that the purchaser will acquire relevant to the negotiated price.

Based on this equity percentage a rent is paid to the landlord, the agent is advised that it is currently ?266.44 per month (rent ?253.61 plus communal service charge ?12.83) increasing annually to correspond with the Index of Retail Prices plus 2% or by 5% whichever figure is the highest.

There is a stair casing provision within the lease to allow the leaseholder to increase equity but such equity must not exceed 80% ownership.

A copy of the lease is available for inspection by prior appointment but only at the office of the selling agent.

PRICE: ?24,988, subject to contract, for 25% share plus ?266.44 pcm rent. Based on a gross valuation of ?99,950, subject to contract.

VIEWING: Strictly by appointment with the selling agent.

FURTHER INFORMATION: May be obtained from the selling agent.

WEB SITES:

www.davidbartonestateagents.com
www.propertylive.co.uk

For Identification Purposes Only "