Lounge (4.09m x 4.37m)
Front facing window with fitted blinds, tiled floor, radiator, log burner with hearth and wooden mantlepiece, TV point, access into kitchen.
Kitchen (2.64m x 4.37m)
Rear facing double patio doors, range of wall and base units in oak finish with complimentary worktops, tiled splashback, integrated fridge/freezer, double oven, gas hob, integrated dishwasher, inset sink with mixer tap and drainer, spotlights, led kickboard lighting, tiled flooring, neutral decor, stairs off to first floor.
Stairs
Access to first floor rooms.
Bedroom 1 (2.67m x 4.37m)
Front facing window, carpeted, radiator, neutral decor.
Bedroom 2 (0.30m-'1.83m x 2.31m)
Rear facing window, carpeted, radiator, storage cupboard, neutral decor.
Family Bathroom (4.06m x 1.19m)
Rear facing window, fully tiled walls and flooring, WC, sink basin, mirror with LED light and Bluetooth, fitted bath, thermostatic shower enclosure, chrome heated towel rail, neutral decor.
Externally
Gated front garden with artificial lawn, rear paved garden, LED lighting, gated access to backings.
Tenure
The vendors have confirmed the property is Leasehold with over 700 year term remaining.
Stamp Duty
You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England and Northern Ireland.
You pay the tax when you:
•buy a freehold property
•buy a new or existing leasehold
•buy a property through a shared ownership scheme
•are transferred land or property in exchange for payment, for example you take on a mortgage or buy a share in a house
The threshold is where SDLT starts to apply. If you buy a property for less than the threshold, there’s no SDLT to pay.
The current SDLT threshold for residential properties is £125,000.
The threshold for non-residential land and properties is £150,000.
Thresholds
Up to £125,000 – 0%
£125,000 (the portion from £125,001 to £250,000) – 2%
£625,000 (the portion from £250,001 to £935,000) – 5%
Example
In October 2021 you buy a house for £295,000. The SDLT you owe will be calculated as follows:-
0% on the first £125,000 = £0
2% on the next £125,000 = £2,500
5% on the final £45,000 = £2,250
Total SDLT = £4,750
First-time buyers:
From 1 July 2021, you’ll get a discount (relief) that means you’ll pay less or no tax if both the following apply:
•you, and anyone else you’re buying with, are first-time buyers
•the purchase price is £500,000 or less
You’ll also be eligible for this discount if you bought your first home before 8 July 2020.
How much you pay depends on whether the land or property is residential use or non-residential or mixed-use.
If you’re buying a residential property there are different rates of SDLT if:
•you’re a first-time buyer
•you already own a property and you’re buying an additional property
•you’re not a UK resident
You can use HM Revenue and Customs’ (HMRC) Stamp Duty Land Tax calculator to work out how much tax you’ll pay.
You may be able to reduce the amount of tax you pay by claiming relief, such as if you’re a first-time buyer or purchasing more than one property (‘multiple dwellings’).
