Entrance Vestibule (1.04mx1.02m)
Vestibule into hallway
Hallway (3.68mx1.02m)
Dining Room (4.34mx3.56m)
Rear facing, carpeted, electric fire with surround and hearth, radiator, neutral decor, leading into kitchen.
Lounge (3.81mx3.33m)
Front facing, carpeted, tv point, electric fire with surround and hearth, neutral decor, double doors leading into dining room.
Kitchen (2.59mx2.46m)
Rear facing, range of fitted wall and base units in Cream wood finish with complimentary Cream worktops. Inset sink and drainer with mixer taps over, vinyl flooring.
Stairs
Bedroom 1 (3.58mx2.95m)
Rear facing, carpeted, radiator, neutral decor.
Bedroom 2 (3.78mx2.39m)
Front facing, carpeted, radiator, storage cupboards, neutral decor.
Bedroom 3 (3.78mx1.96m)
Front facing, carpeted, shelving, neautral decor.
Family Bathroom (2.59mx2.46m)
Rear facing, four piece bathroom suite in brown comprising sink and toilet, bath, separate shower cubicle, radiator, partly tiled walls, vinyl flooring, neutral decor.
Tenure
The vendors have advised 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’).
