Javascript is vital for the advanced features in this website such as Property Search. Please enable or upgrade your browser

1 Westminster Street, Belfast, BT7 1LA

Offers are Invited £169,950
  • status Sale
  • bedrooms 5 Bedrooms
  • receptions 2 Receptions
  • style Apartment
  • Price Offers are Invited £169,950
  • Style Apartment
  • Bedrooms 5
  • Receptions 2
  • Heating Gas
  • EPC Rating C69 / C69
  • Status Sale
Jonathan Steen - MNAEA, MIPAV, Dip. In Property GOC Estate Agents Office: 028 9066 2366
Jonathan Steen

Description

Westminster Street is ideally located in a popular south Belfast Location close to an array of amenities on the nearby Botanic Avenue and Ormeau Road. Queens University is also in close proximity. This prominent building is divided into two self contained apartments providing a one bedroom on the ground floor with a four bedroom duplex apartment above. Internally the property is bright and spacious throughout and the HMO registration has recently been renewed until November 2020. Given the location and rental demand in the area this property will appeal to a host of investors. Furthermore the property benefits from an area to the side of the property that offers the possibility to extend or provide car parking space.

Features

  • Prominent End Terrace Property In Popular Location
  • Two Self Contained Apartments: 1 x 1 Bed and 1 x 4 Bed
  • HMO Registration Recently Renewed For A Further 5 Years
  • Modern Internal Finish
  • Land To Side Included In Sale With Potential To Extend
  • Area of High Rental Demand
  • Rental income in the region of £15.750 per annum
  • Superb Investment Opportunity

Room Details

  • ENTRANCE HALL:

    Communal Hallway, tiled floor throughout, electric meter cupboards
  • Apartment 1

  • BEDROOM (1): 14' 7" X 11' 0" (4.44m X 3.35m)

    Into Bay window
  • LIVING ROOM: 11' 0" X 10' 9" (3.35m X 3.28m)

    Wooden laminate flooring
  • KITCHEN: 10' 1" X 6' 6" (3.07m X 1.98m)

    Range of high and low level units, plumbed for washing machine, gas boiler,
  • SHOWER ROOM:

    White Pedestal SInk, low flush wc, shower unit, extractor fan
  • OUTSIDE

    Rear Enclosed yard
  • APARTMENT 2

    Front door leading to stairwell:
  • KITCHEN: 12' 4" X 5' 10" (3.76m X 1.78m)

    Range of high and low level units, Plumbed for washing machine, integrated oven and hob, stainless steel extractor hood
  • LANDING:

    With access to fire escape
  • LIVING ROOM: 15' 1" X 11' 5" (4.60m X 3.48m)

  • BEDROOM (1): 10' 8" X 9' 9" (3.25m X 2.97m)

    Sink unit
  • Landing
  • SHOWER ROOM:

    Tiled floor, low flush wc, shower unit, white sink
  • SHOWER ROOM:

    Tiled floor, low flush wc, white sink, shower unit
  • BEDROOM (2): 11' 3" X 7' 7" (3.43m X 2.31m)

  • BEDROOM (3): 11' 4" X 7' 0" (3.45m X 2.13m)

  • BEDROOM (4): 9' 7" X 7' 10" (2.92m X 2.39m)

Location

* Click boxes to display surrounding locations

Directions

Westminster Street, Belfast.

Mortgage Calculator

  • Property Value
  • Deposit
  • Loan Amount
  • Int. Rate
  • Term (Yrs)
  • Repayment/month
 

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.
Request More Information
Requesting Info about...
1 Westminster Street, Belfast 1 Westminster Street, Belfast
Arrange a Viewing
Arrange a viewing for...
1 Westminster Street, Belfast 1 Westminster Street, Belfast
Make an Offer
Make an Offer for...
1 Westminster Street, Belfast 1 Westminster Street, Belfast