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18 Damascus Street, Belfast, BT7 1QQ

Offers Around £155,000
  • status Sale
  • bedrooms 5 Bedrooms
  • receptions 1 Reception
  • style Terrace
  • Price Offers Around £155,000
  • Style Terrace
  • Bedrooms 5
  • Receptions 1
  • Heating GFCH
  • EPC Rating D68 /C69
    EPC
  • Status Sale
Gerry O'Connor GOC Estate Agents Office: 028 9066 2366
Gerry O'Connor

Description

Located off the Ormeau Road, within close proximity of Queens University Belfast. This well maintained and neatly presented terrace offers excellent accommodation for the student letting market and would be an ideal opportunity for an investor. Comprising of a large open plan kitchen and lounge with five bedrooms, two en suites and main shower room, the property is laid out over three floors. The property is further complimented with Gas Fired Central Heating and UPVC double glazed windows throughout. Viewing is highly recommended.

Features

  • Red Brick Mid Terrace
  • Spacious Open Plan Living, Kitchen & Dining Room
  • Five Bedrooms, Two With En Suite
  • Separate Toilet & Shower Room
  • Fully Fitted Kitchen With High & Low Level Units
  • UPVC Double Glazed Windows Throughout
  • Gas Fired Central Heating
  • Ideal Investment Opportunity
  • Viewing By Appointment Only

Room Details

  • ENTRANCE HALL:

    Tiled floor.
  • BEDROOM (1): 8' 5" X 6' 11" (2.57m X 2.11m)

    Laminated flooring. Ensuite: shower cubicle, low flush WC, pedestal wash hand basin. Extractor fan and part tiled walls.
  • LOUNGE/KITCHEN/DINING: 24' 7" X 12' 0" (7.49m X 3.66m)

    Measurement taken at the widest point. Tiled floor. Range of high and low level units, single drainer stainless steel sink unit, plumbed for washing machine and part tiled walls. Extractor fan and phoenix gas boiler.
  • BEDROOM (2): 8' 7" X 6' 10" (2.62m X 2.08m)

    Laminated floor. Vanity unit with wash hand basin.
  • SEPARATE WC:

    Low flush WC with pedestal wash hand basin.
  • BEDROOM (3): 10' 2" X 6' 9" (3.10m X 2.06m)

    Laminated floor. Vanity unit and built in wardrobes.
  • BEDROOM (4): 12' 2" X 9' 8" (3.71m X 2.95m)

    Vanity unit with wash hand basin. Laminated floor.
  • SHOWER ROOM:

    Shower cubicle and extractor fan.
  • BEDROOM (5): 16' 0" X 12' 2" (4.88m X 3.71m)

    Measurement at widest point. Laminated wooden floor. Under eaves storage, double glazed velux window. Ensuite shower cubicle with low flush WC and pedestal wash hand basin. Extractor fan.
  • Enclosed rear yard with access to rear alley.

Location

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Directions

Off Agincourt Avenue, Belfast, BT7.

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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