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5 College Mews, 1a Rugby Road, Belfast, BT7 1PS

Offers Over £165,000
  • status Sale
  • bedrooms 2 Bedrooms
  • receptions 1 Reception
  • style Apartment
  • Price Offers Over £165,000
  • Style Apartment
  • Bedrooms 2
  • Receptions 1
  • Heating GFCH
  • EPC Rating D67 /C72
    EPC
  • Status Sale
Jonathan Steen - MNAEA, MIPAV, Dip. In Property GOC Estate Agents Office: 028 9066 2366
Jonathan Steen

Description

This extremely well presented 1st floor apartment is situated within this attractive apartment development in a prime location just off University Road. The property offers bright accommodation with a lounge open plan to kitchen and 2 bedrooms including master with ensuite shower room. In addition the property benefits from secure allocated residents and visitor parking. Situated in a quiet location yet remaining convenient to many location amenities, including shops, coffee shops, Botanic Park and public transport as well as being a short walk from Queens University, viewing is highly recommended.

Features

  • 1st Floor Apartment within an Attractive Development in an Extremely Convenient Location
  • Lounge with Feature Circular Window
  • Open Plan Fitted Kitchen with Breakfast Area
  • 2 Bedrooms Including Master with Ensuite Shower Room
  • Bathroom with White Suite
  • Extremely Well Presented Throughout
  • Double Glazed Windows
  • Gas Central Heating
  • Secure Allocated Parking Space/Additional Visitor Parking
  • Within Walking Distance of Queen's University and Belfast City Centre
  • Convenient to a Range of Local Amenities
  • Ideal for Investors or Owner Occupiers

Room Details

  • Communal front door to communal entrance hall, stairs and lift to
  • Communal landing, front door to
  • ENTRANCE PORCH:

    Wood flooring, door to
  • ENTRANCE HALL:

    Wood flooring
  • LOUNGE:

    (overall at widest points) Wood flooring, intercom system, feature circular window, open plan to
  • KITCHEN WITH BREAKFAST AREA :

    Range of high and low level units, work surfaces, single drainer stainless steel sink unit with mixer tap, 4 ring gas hob with electric oven under, extractor fan, plumbed for washing machine, integrated fridge freezer, gas fired boiler, part tiled walls, tiled floor
  • BEDROOM (1): 10' 5" X 10' 1" (3.18m X 3.07m)

    Wood flooring
  • ENSUITE SHOWER ROOM:

    White suite comprising low flush wc, pedestal wash hand basin with splash tiling, fully tiled shower cubicle with Redring shower, tiled floor, extractor fan
  • BEDROOM (2): 11' 1" X 9' 6" (3.38m X 2.90m)

    Wood flooring
  • BATHROOM:

    White suite comprising panelled bath with splash tiling and shower over, low flush wc, pedestal wash hand basin with splash tiling, extractor fan
  • Electric entrance gates to allocated residents and visitor parking

Location

Show Map

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Directions

From University Avenue, turn in to Rugby Road and the development is on the right hand side at the rear of the Queen's University Theological College.

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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