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Front
Basement Living Room
Basement Kitchen
Basement Bedroom 1
Basement Bedroom 2
Basement Bathroom
F2 Living Room
Ground Floor Kitchen
Ground Floor Bedroom 1
Ground Floor Bedroom 2
Ground Floor Bathroom
Ground Floor Living Room
F3 Kitchen
F3 Bedroom
F3 Bedroom
F3 Bathroom
F4 Living Room
F4 Kitchen
F4 Bedroom
F4 Bedroom
F4 Bathroom
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EPC Ratings - D, D, C, D
Close to local amenities
£24,000 p/a Income
Ideal Investment
Close to Sea & Shops
4 x 2 Bed flats
Good Transport Links
INVESTMENT OPPORTUNITY - Lovetts is thrilled to present this exceptional investment opportunity, currently generating an annual income of £24,000 with the potential to increase it effortlessly to £36,000 per year. Situated within close proximity to local amenities and excellent transport links, this property encompasses the Freehold of four spacious two-bedroom apartments. The convenient location ensures easy access to essential amenities and enhances the desirability of this investment. Each of the four flats is currently occupied by different members of the same family, ensuring consistent tenancy.
Based on property / land value of £525,000 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
£
If a property is greater than £425k you are not eligable for Stamp Duty relief.
For properties over £625k, SDLT is charged at 0% up 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 23rd September 2022 - please visit https://www.gov.uk/stamp-duty-land-tax for the latest information
525000.00
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