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Apt 16 Firmount Building 2, 74 Old Bakers Court, Belfast, BT6 8QZ

Offers Over £149,950
  • status Sale
  • bedrooms 2 Bedrooms
  • receptions 1 Reception
  • style Apartment
  • Price Offers Over £149,950
  • Style Apartment
  • Bedrooms 2
  • Receptions 1
  • Heating Gas
  • EPC Rating B82 /B82
    EPC
  • Status Sale
Jonathan Killen GOC Estate Agents Office: 028 9066 2366 DDI: 02890662366
Jonathan Killen

Description

This two bedroom apartment in Firmount Buildings 2 is ideally located in the sought after development Old Bakers Court, with close links to the Ormeau Road, Ravenhill Road and City Centre.

 

The property benefits from an open plan living, kitchen and dining room, with access to a private balcony. The kitchen comprises an electric oven, four ring gas hob, extractor fan, space for a washing machine and fridge freezer as well as a range of high and low level cupboards. With two well proportioned bedrooms and a bathroom with white suites; The property would be an ideal opportunity for first time buyers and investors alike.

 

Viewing is highly recommended to avoid disappointment.

Features

  • Second Floor Two Bedroom Apartment
  • Open Plan Living/Kitchen/Dining with Private Balcony
  • Two Well Proportioned Bedrooms, One with Built in Robe
  • Bathroom with White Suites
  • Secure Entry and Secure Parking
  • Access to Residents Gym
  • No Onward Chain
  • Ideal for Investors or First Time Buyers

Room Details

  • ENTRANCE HALL:

  • HALLWAY:

    Store cupboard
  • OPEN PLAN KITCHEN/LIVING/DINING: 21' 6" X 16' 0" (6.55m X 4.88m)

    (At Widest) Kitchen - Plumbed for washing machine, space for fridge freezer, integrated electric oven, gas hob, extractor fan, range of high and low level cupboards, storage cupboard with gas boiler Reception - Laminate wood flooring
  • BEDROOM (1): 16' 11" X 9' 2" (5.16m X 2.79m)

  • BEDROOM (2): 13' 1" X 8' 2" (3.99m X 2.49m)

    Built in wardrobe
  • BATHROOM:

    Tiled splashback, lino floor, bath with stand under shower, WC and wash hand basin

Location

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Directions

Firmount Building 2 is located in Old Bakers Court, off the Ravenhill Road.

Mortgage Calculator

  • Property Value
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  • 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.
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