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Apt 3, 80 Rugby Avenue, University Area, Belfast, BT7 1RG

Asking Price £135,000
  • status Sale
  • bedrooms 3 Bedrooms
  • receptions 1 Reception
  • style Apartment
  • Price Asking Price £135,000
  • Style Apartment
  • Bedrooms 3
  • Receptions 1
  • Heating Gas
  • EPC Rating D68 / D68
  • Status Sale
Kirby O'Connor - Assoc RICS GOC Estate Agents Office: 028 9066 2366
Kirby O'Connor

Description

We are happy to bring to the market three high specification apartments in the University area, perfect for investors and owner occupiers alike. Finished to a very high standard with oak door, floor, architrave and skirting finished, all bathrooms are fully tiled and kitchens with full integrated appliances. Each property is currently let at £750pcm and would suit either students or professionals. The properties were recently built, retaining the front facade only and accomodating three X spacious three bedroom apartments with solid concrete floors and stair cases, all finished to HMO standard and certified. There properties really do need to be seen to fully appreciate their quality so early viewing is highly recommended.

Features

  • THREE DOUBLE BEDROOMS MASTER WITH EN SUITE SHOWER ROOM
  • OPEN PLAN KITCHEN LIVING AND DINING
  • OAK DOORS ARCHITRAVES AND FLOOR THROUGHOUT
  • PHOENIX GAS HEATING
  • FULL GALVANISED STEEL REAR FIRE ESCAPE AND HMO SPEC FIRE ALARM SYSTEMS
  • WIRED FOR VIRGIN MEDIA
  • LOW ENERGY RECESSED LIGHTING
  • FULLY DOUBLE GLAZED THROUGHOUT

Room Details

  • ENTRANCE PORCH:

    Hardwood front door. LED mood lighting on stairwell.
  • ENTRANCE HALL:

    Solid oak floor. Low Voltage Lighting
  • OPEN PLAN KITCHEN LIVING DINING: 18' 6" X 11' 3" (5.64m X 3.43m)

    Open plan to fully fitted kitchen with a range of high and low level units and breakfast bar, integrated oven and hob, integrated mircowave, integrated dish washer, stainless steel single drainer sink unit with mixer taps, stainless steel extractor fan. Low Voltage lighting.
  • BATHROOM:

    Luxury fully tiled bathroom, panelled bath with shower attachment over, hardwood shelving, mirrored vanity unit, WC. Low voltage lighting.
  • UTILITY ROOM:

    Washer dryer.
  • MASTER BEDROOM: 10' 6" X 10' 0" (3.20m X 3.05m)

  • ENSUITE SHOWER ROOM:

    Fully tiled walls, tiled floor, fully tiled enclosed shower cubicle. Low flush WC. Low voltage lighting.
  • BEDROOM (2): 10' 6" X 7' 10" (3.20m X 2.39m)

  • BEDROOM (3): 10' 6" X 7' 1" (3.20m X 2.16m)

Location

* Click boxes to display surrounding locations

Directions

Travelling up the Ormeau Road, go through the lights at University Avenue and take your second right onto Rugby Avenue. Number 80 is located on your right hand side.

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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