Entrance Vestibule (0.84m x 1.09m)
Leading to lounge, laminate flooring, neutral decor.
Lounge (4.22mx4.19m max)
Front facing with window, laminate flooring, log burning fire in feature brick surround, radiator, tv point, neutral decor.
Kitchen/Diner (4.52mx3.25m max)
Rear facing with window, range of fitted wall and base units in Grey Matt finish with complimentary wooden worktops. Inset composite Black sink and drainer with mixer taps over, built in electric oven and ceramic hob with extractor hood over, tiled flooring, tiled splashback, plumbing for washer, radiator, neutral decor, under stairs storage, stairs off, door leading out to rear yard.
Stairs
Leading to all first floor rooms, carpeted, neutral decor
Bedroom 1 (4.24m x 4.19m)
Front facing, carpeted, TV point, radiator.
Bedroom 2 (3.78mx2.06m)
Rear facing, carpeted, radiator, built in shelving
Family Bathroom (2.79mx2.03m max)
Rear facing, three piece bathroom suite in white comprising sink and toilet, shower over bath, radiator, fully tiled walls, laminate flooring, storage cupboard
Stairs to Loft Room
Entrance door, carpeted, neutral decor.
Loft Room (4.37m' x 4.01m)
Carpeted, radiator, velux window, eletric fire, neutral decor.
Externally
Small front walled yard, rear paved yard with gated access.
Tenure
We have been advised by the vendors that the property is Freehold.
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
•are transferred land or property in exchange for payment, for example you take on a mortgage
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’).
