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29 Stranmillis Road, Off Malone Road, Belfast, BT9 5AF

Offers Around £475,000
  • status Sale
  • style Apartment
  • Price Offers Around £475,000
  • Style Apartment
  • Heating GFCH
  • EPC Rating D61 /D67
    EPC
  • Status Sale
Jack Massie MNAEA GOC Estate Agents Office: 028 9066 2366 DDI: 02890662366
Jack Massie MNAEA

Description

GOC Estate Agents are thrilled to present this superb investment opportunity set within in a beautiful terrace, opposite the Ulster Museum. The building comprises five, self-contained apartments currently let to produce a total rental income of c. £35,800 per annum. Ideally positioned within walking distance of Q.U.B, Stranmillis Village, offices, transport links and a wide range of amenities. The ground floor comprises two studio apartments in need of modernisation. Upstairs, a studio apartment, a one bedroom apartment and a two bedroom duplex each with en-suites. This accommodation has been fully refurbished throughout. Viewing strictly by appointment only.

Features

  • Five Self-Contained Apartments
  • Ideal Stranmillis Village Location Just off the Malone Road
  • Producing an Annual Rental Income of circa £35,800 per annum
  • Double Glazing and uPVC Windows
  • Enclosed Yard to Rear
  • Gas Fired Central Heating

Room Details

  • ENTRANCE HALL:

    Recently modernised. Tiled flooring, electricity boxes, access to rear yard.
  • APARTMENT 1 BEDROOM 12' 5" X 11' 0" (3.78m X 3.35m)

    Bay window, carpeted, good natural lighting. Requires modernisation.
  • APARTMENT 1 BATHROOM

    Laminate flooring, three piece suite. Requires modernisation.
  • APARTMENT 1 KITCHEN 11' 5" X 5' 2" (3.48m X 1.57m)

    Laminate flooring, natural lighting, stainless steel sink and drainer, oven. Requires modernisation.
  • APARTMENT 2 STUDIO 14' 4" X 8' 6" (4.37m X 2.59m)

    Laminate worksurfaces, stainless steel sink and drainer, oven. Requires modernisation.
  • APARTMENT 2 BATHROOM

    Laminate flooring, three piece suite. Requires modernisation.
  • APARTMENT 3 STUDIO 21' 0" X 8' 4" (6.40m X 2.54m)

    Laminate flooring, laminate worksurfaces, recessed lighting, integrated fridge freezer, oven with halogen hob, integrated washing machine. Recently refurbished.
  • APARTMENT 3 BATHROOM

    Wash hand basin, tiled flooring, power shower with sliding door, low flush W/C and frosted privacy glass. Recently refurbished.
  • APARTMENT 4 LOUNGE 12' 4" X 6' 6" (3.76m X 1.98m)

    Laminate flooring, good natural lighting. Recently refurbished.
  • APARTMENT 4 BEDROOM 12' 4" X 10' 2" (3.76m X 3.10m)

  • APARTMENT 4 KITCHEN 14' 4" X 8' 6" (4.37m X 2.59m)

    Laminate flooring, laminate worksurfaces, subway splashback tiling, stainless steel sink and drainer, integrated oven with halogen hob, integrated fridge freezer and washing machine. Recently refurbished.
  • APARTMENT 4 BATHROOM

    Tiled flooring, recessed lighting, corner shower with sliding doors, wash hand basin.Recently refurbished.
  • APARTMENT 5 LOUNGE 17' 4" X 12' 8" (5.28m X 3.86m)

    Laminate flooring, good natural lighting. Recently refurbished.
  • APARTMENT 5 KITCHEN 11' 5" X 5' 2" (3.48m X 1.57m)

    Laminate flooring, laminate worksurfaces, subway splashback tiling, stainless steel sink and drainer, integrated ovenw with halogen hob, integrated fridge freezer and washing machine. Recently refurbished.
  • APARTMENT 5 TOILET ROOM

    Laminate flooring, low flush W/C and wash hand basin. Recently refurbished.
  • APARTMENT 5 BEDROOM 17' 2" X 8' 2" (5.23m X 2.49m)

    Laminate flooring and recessed lighting. With En-suite. Recently refurbished.
  • APARTMENT 5 EN-SUITE

    Tiled flooring, corner shower with sliding doors, wash hand basin, recessed lighting, low flush W/C. Recently refurbished.
  • APARTMENT 5 BEDROOM 2 11' 1" X 10' 1" (3.38m X 3.07m)

    Accessed via spiral staircase. Carpeted, velux window. With en-suite. Recently refurbished.
  • APARTMENT 5 EN-SUITE

    Tiled flooring, subway splashback tiles, corner shower, low flush W/C, wash hand basin with vanity cabinet.
  • REAR YARD

    Concreted secure yard to rear.

Location

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Directions

Heading South on the Malone Road turn left on to Stranmillis Road and the property is on your right after circa 100m.

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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