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A one bedroom retirement property with a kitchen, lounge/dining room, bathroom, double glazing, electric heating, entrance hallway with cupboard, and no chain. The property is in need of modernisation it’s conveniently situated for local communities within Bitterne. This block is popular and early interest is anticipated.
Lease 99 years from 1982 approx check with the solicitor
Service charge £1800 per 1/2 year approx check with the solicitor
Ground rent £356 per 1/2 year approx check with the solicitor
Based on property / land value of £60,000 there will be an approx of £ Stamp Duty due.
Tax Band
%
Taxable Sum
Tax
Less than £250k
0
£
£
£250k to £925k
5
£
£
£925k to £1.5M
5
£
£
Over £1,500,000
10
£
£
Over £1.5 million
12
£
£
Total
£
or purchases over £500k, SDLT is charged at 2% from £125k to £250k and 5% from £250k to £925k.
This stamp duty calculator is designed to give you an idea of your stamp duty liability when buying a freehold residential property in England & N.Ireland. Stamp duty calculations are rounded down to the nearest pound. Stampy Duty guide is approx. as of 1st April 2025 - please visit https://www.gov.uk/stamp-duty-land-tax for the latest information
60000.00
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