Entrance Hallway (4.27m x 1.83m)
Front entrance, oak laminate flooring, radiator, stairs off to first floor, under stair storage, access to lounge and kitchen, neutral decor.
Lounge (4.27m x 3.15m)
Front facing bay window, fitted blinds, oak laminate flooring, TV point, fitted gas fire, wall lights, neutral décor with feature wall.
Kitchen/Diner (2.64m x 5.08m)
Rear facing window, sliding patio doors, range of wall and base units in white gloss with solid oak worktop, integrated double oven/ fridge/freezer/ washer/dryer/ dishwasher and ceramic hob with extractor over, glass panel splashback, inset stainless steel sink with mixer tap and drainer, oak laminate floor, TV point, spotlights, neutral decor.
Stairs
Carpeted, access to landing, side facing window, storage cupboard, access to all first floor rooms.
Bedroom 1 (3.18m x 3.07m)
Front facing with window, fitted blinds, laminate flooring, wardrobe storage, TV point, neutral decor.
Bedroom 2 (3.10m x 2.69m)
Rear facing with window, roller blinds, laminate flooring, wardrobe storage, TV point, neutral decor.
Family Bathroom (1.65m x 2.29m)
Rear facing with two windows, roller blinds, three piece bathroom suite in white, combination WC and vanity sink, bath with thermostatic shower over, glass screen, heated towel rail, tiled walls and flooring, spotlights, neutral decor.
Study/Office (2.11m x 1.91m)
Front facing window, fitted blinds, laminate flooring, radiator, neutral decor, stairs off to third bedroom.
Stairs
Carpeted, access to third/loft room.
Bedroom 3 (3.45m x 5.08m)
Loft room, two velux windows, carpeted, TV point, radiator, spotlights, neutral decor.
Externally
Paved driveway for two cars, gated side access to rear garden, paved and lawned areas, garden shed.
Tenure
The vendor has confirmed the property is Leasehold with annual ground rent of £15.00 per annum.
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’).
