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3 Eglantine Gardens, Off Eglantine Avenue, Belfast, BT9 6EZ

Asking Price £289,950
  • status Agreed
  • bedrooms 4 Bedrooms
  • receptions 4 Receptions
  • style Terrace
  • Price Asking Price £289,950
  • Style Terrace
  • Bedrooms 4
  • Receptions 4
  • Heating Economy 7
  • EPC Rating E45 /C70
    EPC
  • Status Agreed
Jack Massie MNAEA GOC Estate Agents Office: 028 9066 2366 DDI: 02890662366
Jack Massie MNAEA

Description

An exclusive opportunity to acquire an investment property of four apartments in a mid-terraced property in this highly sought after prime location. The property boasts full occupancy on a yearly basis.

Each self contained apartment boasts comfortable accomodation with presentable kitchens and fully equipped bathrooms.

Within walking distance of QUB, City Hospital and Lisburn Road cafe society; it is seldom such an attractive unit like this comes to the open market. 

Features

  • An Excellent Investment Opportunity producing £25,380 per annum.
  • Prime Rental Location Close to Queens University and Hospitals
  • Four Self Contained Apartments Arranged Over Three Levels
  • Economy 7 Heating
  • Double Glazing and uPVC Windows
  • Situated in Highly Desirable Area Between Malone and Lisburn Roads
  • Modern Equipped Kitchens
  • Enclosed Yard to Rear
  • Fire Escape to Rear

Room Details

  • ENTRANCE HALL:

  • APARTMENT 1 BEDROOM 13' 7" X 11' 1" (4.14m X 3.38m)

    Good natural light, bay window, cornicing, carpeted.
  • APARTMENT 1 LOUNGE 11' 9" X 8' 2" (3.58m X 2.49m)

    Carpeted, open plan into kitchen.
  • APARTMENT 1 KITCHEN 7' 7" X 4' 7" (2.31m X 1.40m)

    High and low level units, plumbed for washing machine, stainless steel sink, laminate flooring.
  • APARTMENT 1 BATHROOM

    PVC walls, flow flush W/C, electric shower stand alone shower with sliding doors, wash hand basin.
  • APARTMENT 2 BEDROOM 12' 6" X 7' 9" (3.81m X 2.36m)

    Good natural lighting, carpetted.
  • APARTMENT 2 BATHROOM

    Low flush W/C, part tiled walls, bath with electric shower, laminate flooring.
  • APARTMENT 2 LOUNGE 11' 0" X 7' 9" (3.35m X 2.36m)

    Carpets, good natural lighting.
  • APARTMENT 2 KITCHEN 10' 4" X 4' 7" (3.15m X 1.40m)

    Laminate flooring, part tiled walls, high and low level units, plumbed for washing machine.
  • APARTMENT 3 LOUNGE 13' 0" X 9' 10" (3.96m X 3.00m)

    Carpeted, good natural lighting.
  • APARTMENT 3 KITCHEN 8' 10" X 8' 3" (2.69m X 2.51m)

    Washing machine, laminate flooring, laminate work surfaces.
  • APARTMENT 3 BATHROOM

    Low flush W/C, part tiled walls, bath with electric shower, laminate flooring.
  • APARTMENT 4 LOUNGE 13' 0" X 10' 0" (3.96m X 3.05m)

    Bay window, carpeted, good natural lighting.
  • APARTMENT 4 BEDROOM 12' 0" X 5' 2" (3.66m X 1.57m)

    Carpeted, good natural lighting.
  • APARTMENT 4 KITCHEN 8' 10" X 8' 0" (2.69m X 2.44m)

    Laminate flooring, plumbed for washing machine, stainless steel sink and drainer, laminate work surfaces.
  • APARTMENT 4 BATHROOM

    Low flush W/C, part tiled walls, bath with electric shower, laminate flooring.

Location

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Directions

Once on Eglantine Avenue from Malone Road take the first left onto Eglantine Gardens.

Mortgage Calculator

  • Property Value
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Disclaimer: The following calculations act as a guide only, and are based on a typical repayment mortgage model. Financial decisions should not be made based on these calculations and accuracy is not guaranteed. Always seek professional advice before making any financial decisions.

Advice on Stamp Duty

Advice on Stamp Duty

Stamp Duty Land Tax is a percentage paid on the purchase of a home or non-residential property to the Inland Revenue.  You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price above £125,000 when you buy residential property, eg a house or flat.

There are different rules if you’re buying your first home and the purchase price is £500,000 or less.

Use the SDLT calculator to work out how much tax you’ll pay.


Rates if you’re buying your first home

You can claim a discount (relief) so you don’t pay any tax up to £300,000 and 5% on the portion from £300,001 to £500,000.

You’re eligible if:

·you, and anyone else you’re buying with, are first-time buyers

·you complete your purchase on or after 22 November 2017

If the price is over £500,000, you follow the rules for people who’ve bought a home before.


Rates if you’ve bought a home before

Freehold sales and transfers

You can also use this table to work out the SDLT for the purchase price of a lease (the ‘lease premium’).


Property or lease premium or transfer value                                              SDLT rate

Up to £125,000                                                                                                Zero
The next £125,000 (the portion from £125,001 to £250,000)                       2%
The next £675,000 (the portion from £250,001 to £925,000)                       5%
The next £575,000 (the portion from £925,001 to £1.5 million)                    10%
The remaining amount (the portion above £1.5 million)                              12%

Example

If you buy a house for £275,000, the SDLT you owe is calculated as follows:

  • 0% on the first £125,000 = £0
  • 2% on the next £125,000 = £2,500
  • 5% on the final £25,000 = £1,250
  • Total SDLT = £3,750

New leasehold sales and transfers

When you buy a new residential leasehold property you pay SDLT on the purchase price of the lease (the ‘lease premium’) using the rates above.
If the total rent over the life the lease (known as the ‘net present value’) is more than £125,000, you also pay SDLT of 1% on the portion over £125,000 - unless you buy an existing (‘assigned’) lease.

You can work out how much SDLT you’ll pay for your new residential lease using HMRC’s:

Higher rates for additional properties

You’ll usually have to pay 3% on top of the normal SDLT rates if buying a new residential property means you’ll own more than one.

Use the SDLT calculator to work out how much tax you’ll pay.  You may not have to pay the higher rates if you exchanged contracts before 26
November 2015. 


If you’re replacing your main residence

You won’t pay the extra 3% SDLT if the property you’re buying is replacing your main residence and that has already been sold.  If there’s a delay selling your main residence and it hasn’t been sold on the day you complete your new purchase:

  • you’ll have to pay higher rates because you own 2 properties
  • you may be able to get a refund if you sell your previous main home within 36 months
  • There are special rules if you own property with someone else or already own a property outside England, Wales and Northern Ireland.
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