Entrance Hall
Front entrance, carpeted, radiator, access to all rooms, storage cupboard with boiler, neutral decor.
Lounge (5.84mx3.58m)
Front facing window, vertical blinds, carpeted, radiator, fire feature, surround and hearth, TV point, neutral decor.
Kitchen/Diner (2.24mx3.61m)
Rear facing window, roller blind, back door out to rear, radiator, range of wall and base units in cream with complimentary worktops, white tiled splashback, inset stainless steel sink with mixer tap and drainer, opening and plumbing for washer, opening for fridge/freezer, free standing cooker, kitchen vinyl flooring, neutral decor.
Bedroom 1 (3.68mx3.58m)
Rear facing bay window, carpeted, radiator, fitted wardrobe and drawers, neutral decor.
Bedroom 2 (2.90mx3.61m)
Front facing window, carpeted, radiator, neutral decor.
Family Bathroom (1.91mx1.65m)
Side facing window, three-piece bathroom suite in cream, WC, sink basin, bath, tiled walls, radiator, vinyl flooring, neutral decor.
Externally
Front paved garden with driveway for two cars, detached garage, gated access to rear garden with block paved and lawned areas.
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 £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%
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
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’).
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
