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This first floor apartment offers a spacious layout featuring a light and airy sitting room, a comfortable double bedroom functional kitchen, and family bathroom. Positioned ideally for easy access to local shops, cafes, and essential amenities, this apartment is perfect for first-time buyers or investors. Areas of modernisation maybe considered to the kitchen and bathroom.
Inclusions - Fixtures and fittings, Fitted floor coverings, Curtains and blinds, Light Fittings.
Appliances - Electric cooker
Heating - Gas
Tenure - Leasehold. 75 years left of a 99 year lease. 40% contributions to building upkeep and maintenance.
Potential Rental Income - £7,800 - £9,000 per annum. Potential Gross Yield of 8.20%
Based on property / land value of £90,000 there will be an approx of £ Stamp Duty due.
Tax Band
%
Taxable Sum
Tax
Less than £250k
0
£
£
£250k to £925k
5
£
£
£925k to £1.5M
5
£
£
Over £1,500,000
10
£
£
Over £1.5 million
12
£
£
Total
£
If a property is greater than £425k you are not eligable for Stamp Duty relief.
For properties over £625k, SDLT is charged at 0% up to £250k and 5% from £250k to £925k.
This stamp duty calculator is designed to give you an idea of your stamp duty liability when buying a freehold residential property in England & N.Ireland. Stamp duty calculations are rounded down to the nearest pound. Stampy Duty guide is approx. as of 23rd September 2022 - please visit https://www.gov.uk/stamp-duty-land-tax for the latest information