Entrance Vestibule (0.69mx0.97m)
Front entrance, leading into lounge.
Front facing window, fitted blinds, carpeted, radiator, electric fire with surround and heart, door into kitchen, neutral decor.
Rear facing window, vertical blinds, range of wall and base units in wood effect with complimentary worktops, tiled splashback, integrated single oven, gas hob and extractor over, stainless steel sink with mixer tap and drainer, space and plumbing for washer, breakfast bar, tiled flooring, under stair storage cupboard, door leading out to rear, stairs off to first floor, radiator, spotlights, neutral decor.
Carpeted, access to first floor rooms.
Bedroom 1 (4.34mx4.37m)
Front facing window, fitted blinds, carpeted, radiator, neutral decor.
Bedroom 2 (3.00mx2.46m)
Rear facing window, fitted blinds, carpeted, radiator, neutral decor.
Family Bathroom (1.47mx1.80m)
Rear facing window, three piece bathroom suite in white, electric shower over bath, sink, WC, radiator, fully tiled walls and flooring, neutral decor.
Pavement fronted, rear paved garden with brick built shed.
The vendors have confirmed the property is Leasehold for 920 years starting from 9th of August 1968 with Ground Rent of £2.00 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
• 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 £250,000.
The threshold for non-residential land and properties is £150,000.
Thresholds Property Price SDLT Rate
Up to £250,000 0%
The portion between £250,001 to £925,000 5%
The portion between £925,001 to £1,500,000 10%
The portion over £1,500,001 12%
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
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’).
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