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Apt 5 Elmwood Building, Old Bakers Court, Ravenhill, BT6 8QU

Offers Around £152,000
  • status Sale
  • bedrooms 2 Bedrooms
  • receptions 1 Reception
  • style Apartment
  • Price Offers Around £;152,000
  • Style Apartment
  • Bedrooms 2
  • Receptions 1
  • Heating GFCH
  • EPC Rating C78 /C78
    EPC
  • Status Sale
Kirby O'Connor - Assoc RICS GOC Estate Agents Office: 028 9066 2366
Kirby O'Connor

Description

A well presented first floor apartment comprising of large lounge with views over the development and leading to the kitchen. Two double bedrooms both with built in wardrobes. White bathroom suite and large store off the lounge. Secure underground parking and an on-site gym. Excellent facilities in the area and this property is in a convenient location off the Ravenhill Road. Recently decorated and wooden floors throughout. A popular development, low outgoings and ideal for investor or home owner alike. We would recommend viewings to avoid disappointment.

Features

  • A Modern First Floor Apartment
  • Two Double Bedrooms with Wardrobes
  • Lounge and a Large Store
  • Modern Fully Fitted Kitchen
  • White Bathroom Suite
  • Gas Central Heating
  • Double Glazed Windows
  • Secure Underground Car Parking
  • On Site Gym Facility
  • Modern Decor & Laminate Flooring
  • Popular Development

Room Details

  • ENTRANCE HALL:

    Own private front door.
  • LOUNGE: 16' 0" X 15' 0" (4.88m X 4.57m)

    Large under stairs store.
  • KITCHEN: 8' 0" X 5' 11" (2.44m X 1.80m)

    Range of high and low level units , washing machine, fridge/freezer, gas hob and oven.Stainless steel sink unit.
  • REAR HALLWAY:

    Store with boiler.
  • BEDROOM (1): 13' 0" X 9' 0" (3.96m X 2.74m)

    Wardrobe and laminate flooring.
  • BEDROOM (2): 15' 0" X 8' 0" (4.57m X 2.44m)

    Wardrobe and laminate flooring.
  • BATHROOM:

    Comprising of cast iron bath with panelling, shower and shower screen. Low flush wc and wash hand basin.Fan.
  • Secure underground parking.

Location

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Directions

Driving along Ravenhill Road turn into Ardenlee Green , left into the Crescent and left into Elmwood Building. This is the first one on your left hand side.

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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