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123 University Street, University Area, Belfast, BT7 1HP

Offers Around £295,000
  • status Sale
  • bedrooms 5 Bedrooms
  • receptions 3 Receptions
  • style Terrace
  • Price Offers Around £295,000
  • Style Terrace
  • Bedrooms 5
  • Receptions 3
  • Heating OFCH
  • EPC Rating F27 /E43
    EPC
  • Status Sale
Jack Massie MNAEA GOC Estate Agents Office: 028 9066 2366 DDI: 02890662366
Jack Massie MNAEA

Description

An elegant Edwardian townhouse with beautiful proportions, original features and secure garden to rear on University Street. Containing three floors with mezzanine floors between each, a superb opportunity for renovation or development, subject to planning permission. University Street is ideally positioned, within walking distance of the city centre, Q.U.B, the Botanic Quarter and the Ormeau Road. The ground floor consists of a large hallway, two receptions rooms and a scullery with utility room. Upstairs there is a bedroom, a family bathroom, a W/C and a store. On the first floor is a large bedroom and expansive drawing room with bay window. On the second mezzanine floor is a workshop followed by a further two bedrooms on the second floor. The accomodation is completed by a spacious attic. Externally, a secure garden in lawn to rear. Viewing strictly by appointment only.

Features

  • Mid-Terraced Townhouse
  • Versatile Accomodation Over Three Levels
  • In Need of Refurbishment or Apartment Conversion (Subject to Planning)
  • Secure Garden to Rear
  • Original Edwardian Features Throughout
  • Excellent City Location Close to Q.U.B
  • Oil Fired Central Heating

Room Details

  • ENTRANCE PORCH:

    Solid wooden door, tiled flooring, cornicing and etched Edwardian glass door.
  • ENTRANCE HALL:

    Carpeted, ceiling rose, cornicing and ceiling corbels.
  • DRAWING ROOM: 21' 4" X 15' 7" (6.50m X 4.75m)

    Bay window, orginal open fireplace with mahogany wooden mantelplace and tiled inset.
  • LOUNGE: 14' 8" X 12' 0" (4.47m X 3.66m)

    Ceiling cornicing, picture rails, carpet, good natural lighting.
  • KITCHEN: 13' 0" X 12' 0" (3.96m X 3.66m)

    Tiled flooring, high and low level units, Zanussi oven, stainless steel sink and drainer, strip fluorescent lighting.
  • UTILITY ROOM: 10' 8" X 4' 10" (3.25m X 1.47m)

    Tiled walls and flooring, plumbed for washing machine.
  • W/C

    Wash hand basin, tiled flooring and W/C.
  • BEDROOM (1): 11' 8" X 9' 5" (3.56m X 2.87m)

    Carpeted.
  • BATHROOM:

    Carpeted, bath and redring electric shower, wash hand basin.
  • W/C

    Laminate flooring, wooden panels, original doors.
  • BEDROOM (2): 13' 7" X 12' 6" (4.14m X 3.81m)

    Carpets, cornicing, picture rails.
  • DRAWING ROOM: 21' 0" X 20' 3" (6.40m X 6.17m)

    Panelling, ceiling cornicing, marble mantel, bay window.
  • BEDROOM (3): 23' 10" X 11' 9" (7.26m X 3.58m)

    Wooden flooring.
  • BEDROOM (4): 13' 9" X 12' 5" (4.19m X 3.78m)

    Carpeted.
  • BEDROOM (5): 21' 0" X 20' 0" (6.40m X 6.10m)

    Bay window, carpeted.
  • ROOFSPACE: 19' 10" X 14' 8" (6.05m X 4.47m)

  • Secure garden in lawn.

Location

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Directions

Heading East on University Street the property is on your right opposite the Holiday Inn.

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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