UPVC front door with stairs to first floor, carpeted and neutral decor
Lounge (3.25m x 4.06m)
Front facing window, carpeted, gas fireplace with surround and hearth.
Kitchen (1.96m x 2.41m)
Rear facing with window, range of fitted wall and base units with worktops, inset sink and drainer with mixer taps over, tiled splashback, boiler, neutral decor
Bedroom (3.89m x 2.59m)
Rear facing with window, built in wardrobes.
Bathroom (2.11m x 1.19m)
Three piece bathroom suite in white comprising sink, toilet and bath, partly tiled walls and tiled flooring, neutral decor
Allocated parking space to front.
We have been advised by the vendors that the property is Leasehold for a term of 999 years starting from 1st of January 1987 with a Ground Rent of £25.00 per annum.
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.
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%
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
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’).