- CHAIN FREE +
- MID TERRACE +
- 2 BEDROOMS +
- KITCHEN/DINER +
- UTILITY ROOM +
- PRIVATE YEAR YARD +
- UPVC DOUBLE GLAZING +
CHAIN FREE IDEAL FOR INVESTORS NEEDS FULL RENOVATION UTILITY ROOM KITCHEN/DINER
Mcdermott & Co bring to the market this 2 bedroomed mid terraced property which is conveniently situated close to local amenities, schools and in close proximity to Hollinwood Tram Station and M60 motorway access. Internally comprises of entrance hall, lounge, kitchen/diner, 2 bedrooms and family bathroom. Externally to the front small garden and private rear yard.
Entrance Vestibule - Vestibule leading into hallway
Hallway - 3.00m x 0.91m (9'10 x 3'0) - Hallway with ground floor rooms off and stairs, laminate flooring.
Lounge - 4.62m x 3.30m (15'2 x 10'10) - Front facing into bay window, radiator, fire surround, tv point.
Kitchen - 3.45m x 4.32m (11'4 x 14'2) - Rear facing, range of fitted wall and base units in Ash finish with complimentary worktops. Inset sink and drainer with mixer taps over, built in oven and gas hob with extractor hood over, vinyl flooring, titled splashback, radiator, under stairs storage, door into utility room
Utility Room - 2.49m x 1.37m (8'2 x 4'6) - Rear facing, vinyl flooring, plumbing for washer.
Stairs - Stairs leading to all first floors, carpeted,
Bedroom One - 3.99m x 4.32m (13'1 x 14'2) - Front facing, radiator, build in storage cupboards.
Bedroom Two - 2.84m x 2.82m (9'4 x 9'3) - Rear facing, radiator, build in storage cupboard.
Family Bathroom - 2.82m x 1.37m (9'3 x 4'6) - Rear facing, three piece bathroom suite in white comprising sink and toilet, shower over bath, radiator, fully tiled walls.
Externally - To the front there is a small garden and private paved rear yard.
Tenure - We have been advised that the property is Leasehold for 985 starting from 11th of May 1922 with Ground Rent of £3.00 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 £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 lessYou 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