Entrance Hallway
Front entrance, access to pantry with window and shelving, carpeted, access into lounge.
Lounge
Front facing open bay window, carpeted, two radiators, TV point, neutral decor.
Kitchen
Side facing window, roller blind, door with side access, range of wall and base units in sand wood with complimentary worktops, inset stainless steel sink with mixer tap and drainer, opening for free standing cooker and washing machine, tiled walls, vinyl flooring, radiator, opening into inner hallway, neutral decor.
Inner Hallway
Carpeted, access to bedrooms and bathroom.
Family Bathroom
Side facing window, roller blind, three piece bathroom suite in white, WC, sink basin, fitted bath with thermostatic shower over, chrome heated towel rail, tiled walls, neutral decor.
Bedroom 1
Rear facing window, carpeted, radiator, two storage cupboards, TV point, neutral decor.
Bedroom 2
Rear facing window, carpeted, radiator, neutral decor.
Externally
Front lawned garden, driveway to side of property, access to detached garage, gated access to rear garden with lawned and paved 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 £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’).
