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This is an older property in the centre of town that would benefit from some updating. The property consists of two bedrooms, two reception rooms, kitchen and bathroom set over 86 sq. mts. and offers a small private terrace as well as use of a large communal terrace on the top floor. This property is on the fourth floor, of a well maintained building in the centre of town, a light, bright apartment that enjoys views across the rooftops of town.
The property has a 52 year lease that the Freeholder is willing to renew for an additional term.
Based on property / land value of £325,000 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
325000.00
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