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Apt 38 9 Brown Square, Peter's Hill, Belfast, BT13 2BW

Offers Around £125,000
  • status Agreed
  • bedrooms 2 Bedrooms
  • receptions 1 Reception
  • style Apartment
  • Price Offers Around £125,000
  • Style Apartment
  • Bedrooms 2
  • Receptions 1
  • Heating Gas
  • EPC Rating B84 /B84
    EPC
  • Status Agreed
Gerry O'Connor GOC Estate Agents Office: 028 9066 2366 DDI: 02890662366
Gerry O'Connor

Description

The very definition of convenience. Short walking distance to Belfast Metropolitan College and University of Ulster city campus. Close proximity to Belfast' iconic Cathedral Quarter with its vibrant social, cultural and arts scene. Coupled with great access to public transport links and near to main arterial roads, travelling within or heading in and out of the city is highly accessible. Excellent accommodation with access to secure private off street parking with electric gates. Comprising of open plan living, dining and kitchen area, large storage in the hallway, two bedrooms and gas fired heating. This well presented 2 bedroom apartment is a perfect opportunity for investment or first time buyers wanting to get their foot on the property ladder.

Features

  • A Second Floor Apartment within easy walk to City Centre
  • Adjacent University of Ulster and vibrant Cathedral Quarter
  • Covered Off Street Parking
  • Two bedrooms
  • Kitchen with Integrated Fridge Freezer
  • Lounge with Juliette Balcony
  • White Bathroom Suite
  • Double Glazed Windows
  • Gas Fired Central Heating

Room Details

  • ENTRANCE HALL:

    Intercom access to upper floors via lift or stairs.
  • HALLWAY:

    Front door leading to hallway with laminate flooring and large store.
  • LOUNGE OPEN PLAN:TO DINING/KITCHEN; 25' 6" X 10' 1" (7.77m X 3.07m)

    Fully fitted kitchen with high and low level units. 1.5 Stainless steel sink unit, integrated fridge freezer, gas hob and matching oven. Stainless steel cooker hood and plumbed for washing machine. Tiled floor and matching mosiac tiled splash back. Formica worktops. Open plan to dining/lounge with laminate flooring. Patio doors leading to juilette balcony.
  • BEDROOM (1)/ENSUITE BATHROOM 15' 8" X 8' 3" (4.78m X 2.51m)

    Modern finish with vertical venetian blinds, laminate flooring and private access to main bathroom.
  • BEDROOM (2): 12' 3" X 8' 0" (3.73m X 2.44m)

    Modern finish with laminate flooring and vertical venetian blinds.
  • BATHROOM:

    Tiled flooring and white three piece bathroom suite, overhead shower, tiled surround with mosiac feature and matching splash back above the sink.
  • Access to off street, secure gated parking for residents only.

Location

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Directions

Heading north out of the city on Great Victoria Street, travel straight past Belfast Metropolitan College. Take a the slip lane off the the left at the next T junction. You will see VP Jebb paint shop on your left hand side and the apartment complex is in full view on the same side of the road.

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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