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2 bedroom flat for sale

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2 bedroom flat for sale

7 and 7a Spring Gardens, Spalding PE11 2XL
£125,000

Our Summary

  • For sale on 27 November 2025 Our national property auction will be broadcast online with live auctioneers
  • To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
  • The auction will commence at 09:00
  • An impressive investment opportunity to purchase 2 flats within a freehold semi detached property
  • Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type
  • Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 4
  • 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)
  • Auction: 27

Description

This impressive semi-detached property is being sold at auction and consists of two flats, with Flat 7 currently let and Flat 7a currently vacant. The property has the potential to generate an income of over £17,000 per year, representing a generous return of over 13% against the guide price. Each flat features a lounge, separate kitchen, bedroom, shower room, garden, and off-road parking. The property is located in an area with a range of local amenities, shops, and transport links. The sale is being conducted as an unconditional sale, with binding contracts exchanged at the point of sale. The buyer will be required to pay a deposit of 5% (subject to a minimum of £5,000) and a buyer's fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT). The guide price is £130,000, with a reserve price within + or - 10% of this amount.