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Development Site , A & B7 Bladon Park Plus Rear Site, Belfast, BT9 5LG

Offers Around £599,999
  • status Agreed
  • style Apartment
  • Price Offers Around £599,999
  • Style Apartment
  • EPC Rating D67 /C69
    EPC
  • Status Agreed
Gerry O'Connor GOC Estate Agents Office: 028 9066 2366 DDI: 02890662366
Gerry O'Connor

Description

 Unique Malone development investment opportunity. Former Victorian coach house with a courtyard currently converted into two apartments together with site area of appox 4000 sq ft. Flat A. achieving £800 per month. Flat B. achieving £850 per month.

 

 

Situated at the end of one of the Malone"s most prestigious tree lined parks. Adjacent to  R.B.A.I Pavilion and playing fields. Offering a mature site lending itself to further extension to one, two or three units(subject to planning permission).

 

 

Private Road owned and maintained by R.B.A.I. The property is situated within the Malone Conservation Area.

 

 

Bladon Park is one of Belfast's primary addresses convenient to Lisburn Road shops, cafe society, many leading schools including Inchmarlo, Victoria College, Methodist College, and easy access to the city centre.

 

Viewing strictly by appointment.

 

Features

  • Unique Malone Development Investment Opportunity.
  • Possible Extension Of Existing Apartments With A Further Unit (Subject To Planning Permission).
  • Two Self Contained Apartments
  • Private Road Owned And Maintained By R.B.A.I.
  • Freehold.
  • Total Area Approx 0.32 Acres.
  • Mains Services.
  • Gas Available.
  • PVC Double Glazed Windows
  • Enclosed Courtyard Site Area To Rear Approx 4000 sq ft.ripe for extension further development (Subject to Planning Permission)
  • Prior to completion of Sale RBAI will move their existing Playing Fields access to to the other side of the
  • Pavilion/Changing rooms

Room Details

  • FLAT ONE:

  • HALLWAY:

    Storge Cupboard, laminate flooring.
  • LIVING ROOM: 15' 8" X 11' 9" (4.78m X 3.58m)

    Carpeted floor, double glazing windows.
  • KITCHEN: 10' 1" X 6' 6" (3.07m X 1.98m)

    1 1/2 steel sink, 4 ring oven, integrated extractor fan, plumbed for washing machine, high and low units. Breakfast bar. Tiled floor.
  • BEDROOM (1): 15' 9" X 11' 11" (4.80m X 3.63m)

    Built in wardrobes.
  • BEDROOM (2): 10' 10" X 9' 5" (3.30m X 2.87m)

  • SHOWER ROOM:

    Shower enclosure, low flush WC and pedestal wash hand basin with storage, part tiled.
  • ENTRANCE HALL:

    Storage cupboard
  • LIVING ROOM: 15' 8" X 12' 3" (4.78m X 3.73m)

    carpeted floor, double glazed windows.
  • KITCHEN: 10' 1" X 7' 0" (3.07m X 2.13m)

    1 1/2 steel sink, 4 ring oven, integrated extractor fan, plumbed for washing machine, high and low units. Breakfast bar. Tile floor.
  • BEDROOM (1): 15' 9" X 13' 1" (4.80m X 3.99m)

  • BEDROOM (2): 10' 10" X 9' 6" (3.30m X 2.90m)

  • SHOWER ROOM:

    Shower enclosure, electric shower, low flush wc and wash hand basin with storage, part tiled.
  • GARAGE: ONE 14' 0" X 12' 0" (4.27m X 3.66m)

  • GARAGE: TWO 14' 0" X 14' 0" (4.27m X 4.27m)

Location

Show Map

* Click boxes to display surrounding locations

Directions

Travelling along the Malone Road, turning left into Bladon Park.

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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