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

2-4 Malone Avenue, Malone Road, Belfast, BT9 6ER

Offers Around £575,000
  • status Sale
  • bedrooms 6 Bedrooms
  • receptions 1 Reception
  • style Terrace
  • Price Offers Around £575,000
  • Style Terrace
  • Bedrooms 6
  • Receptions 1
  • Heating E7CH
  • EPC Rating E39 /D60 - Download
    EPC
  • Status Sale
Gerry O'Connor GOC Estate Agents Office: 028 9066 2366
Gerry O'Connor

Description

These two attractive red brick /part painted render end-terrace property is ideally located in a high value sought after site at Malone Road end of Malone Avenue. The second floor has large modern roof dormers added to enhance living space. The spacious accommodation is spread over three floors comprising of seven bedrooms, a kitchen, two bathrooms and living room to each property. These have been let for over 20 years by current owners and are in high demand which prompted application for 15 POD type apartments and Studios. Full schedule and plans of previous approved Planning permission are scheduled below. Offering a superb, Prime Investment/Development opportunity, early viewing is highly recommended as it is rare such prime site comes to the market and we would envisage a tremendous volume of demand and interest. First time investment buyer? Our expert team of sales, rental and HMO experts will help you through the process, step by step, from buying to letting. Our Property Management Service can take control while you sit back and watch your investment value grow. For further information talk to our team today.

Features

  • Attractive End Terrace Investment /Development Opportunity
  • Two Let H.M.O Properties, Current Licence Granted 03/04/2019 to 03/04/2024 with Planning Permission
  • Planning for Conversion and Construction of Three Storey Extension Granted 12/05/2008 to Provide 15 Apartments (Now Lapsed)
  • Situated Adjacent to the Malone Road and Close to the Main Q.U.B Campus
  • 80% Double Glazed Powder Coated Aluminium Windows
  • South Facing Rear Gardens With Potential For Extension or Car Parking
  • Convenient to a Range of Amenities
  • Fully Furnished
  • Both have spacious accomodation featuring Lounge, Kitchen, 6/7 Bedrooms and two Bath/ shower units each
  • No 2 has Economy 7 heating; No 4 has Oil Fired heating.
  • Viewing By Appointment Only - Block Viewings Apply

Location

Show Map

* Click boxes to display surrounding locations

Directions

Malone Avenue runs from Lisburn Road to Malone Road

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...
2-4 Malone Avenue, Belfast 2-4 Malone Avenue, Belfast
Arrange a Viewing
Arrange a viewing for...
2-4 Malone Avenue, Belfast 2-4 Malone Avenue, Belfast
Make an Offer
Make an Offer for...
2-4 Malone Avenue, Belfast 2-4 Malone Avenue, Belfast