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20 Park Royal, Balmoral, Belfast, BT9 7GY

Offers Around £179,950
  • status Sale
  • bedrooms 2 Bedrooms
  • receptions 1 Reception
  • style Apartment
  • Price Offers Around £179,950
  • Style Apartment
  • Bedrooms 2
  • Receptions 1
  • Heating Gas
  • EPC Rating C80 /B82
    EPC
  • Status Sale
Kirby O'Connor - Assoc RICS GOC Estate Agents Office: 028 9066 2366 DDI: 02890662366
Kirby O'Connor

Description

GOC Estate Agents are delighted to present this exceptional two bedroom apartment in the popular Park Royal development, off the Lisburn Road in South Belfast. This family apartment is ideal for both investors and occupiers owing to its convenient location with easy access to transport links, social amenities and shopping. It comprises of a spacious open-plan living, kitchen and dining area with bay window and juliette balcony. There are two well proportioned double bedrooms, master with ensuite shower room and a separate family bathroom. The building benefits from off street car parking and a residents lift. We recommend early viewing as the apartment will appeal to a wide range of buyers.

Features

  • Beautiful First Floor Apartment in Exclusive Development
  • Fully Fitted Kitchen with Integrated Appliances
  • Luxury 2 Bedroom Apartment With En-Suite
  • Residents Lift
  • Secure Car Parking
  • Large Open Plan Living Space with Juliette Balcony
  • Gas Fired Central Heating
  • Chain Free
  • Easy Access to Transport Links, Social Amenities and Shopping
  • Early Viewing Highly Recommended

Room Details

  • ENTRANCE HALL:

    Communal area, access to apartment and lift.
  • HALLWAY:

    Laminate flooring.
  • OPEN PLAN KITCHEN LOUNGE 21' 0" X 20' 10" (6.40m X 6.35m)

    Bay window and juliette balcony, excellent natural lighting and laminate flooring. Tiled flooring in kitchen with high and low level units, integrated fridge freeezer, splashback tiling, stainless steel sink and drainer, stainless steel extractor fan hood, integrated oven and gas hob and recessed lighting.
  • MASTER BEDROOM: 11' 5" X 11' 2" (3.48m X 3.40m)

    Carpets, good natural lighting.
  • ENSUITE BATHROOM:

    Wash hand basin, low flush W/C, tiled walls, shower tray with sliding door, extractor fan.
  • BEDROOM (1): 11' 5" X 9' 6" (3.48m X 2.90m)

    Carpets, good natural lighting.
  • BATHROOM:

    Tiled flooring, wash hand basin, splashback tiling, W/C, panel bath with clear glass panel and power shower.
  • Off street parking for visitors and secure parking for residents.

Location

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Directions

Heading South on the Lisburn Road (A1) turn right into Park Royal 500 feet after the King's Hall passes on your left.

Mortgage Calculator

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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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