Entrance Porch (0.74m x 1.35m)
Entrance porch leading to hall
Hall
Carpeted, stairs off, window to top of stairs, door leading into lounge.
Lounge (3.15m x 4.04m)
Front facing into bow window, carpeted, feature electric fire, radiator, tv point, under stairs storage cupboard
Kitchen/Diner (3.78m x 5.00m)
Rear facing with window and vertical blinds, modern range of fitted wall and base units in Grey finish with complimentary wooden worktops. Inset sink and drainer with mixer taps over, built in single electric oven and gas hob with extractor hood over, tiled splashback, laminate flooring, plumbing for washer, spotlights, built in storage cupboard, neutral decor, patio doors to rear garden with vertical blinds.
Stairs
Leading not all first floor rooms, carpeted, window to top of stairs
Bedroom 1 (2.74m x 3.10m)
Front facing into bow window, carpeted, radiator, tv point, shelving, neutral decor.
Bedroom 2 (2.95m x 3.10m)
Rear facing window with vertical blinds, carpeted, radiator, tv point, shelving, neutral decor.
Bedroom 3 (2.06m x 1.80m)
Rear facing window with vertical blinds, carpeted, radiator, tv point, boiler.
Family Bathroom (1.52m x 1.80m)
Front facing with window, three piece bathroom suite in white comprising of sink, toilet and bath withy shower over, radiator, partly tiled walls, vinyl flooring
Externally
Front driveway for 2 cars and paved path, gated side access to private rear garden with split level decked area.
Tenure
The vendors have confirmed the property is Leasehold for 999 years starting from July 1942 with a Ground Rent of £5.00pa.
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’).
