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Clarke Munro are delighted to introduce these two great investment properties located on a popular student investment street in TS1. Benefiting from being located on the doorstep of Teesside University and the amenities of Linthorpe Road, the two properties are being sold as a joint investment. One property consists of a mixture of eleven studio flats and en-suite room with a communal kitchen and outside space; the other is a further mixture of ten studio and one-bedroom apartments with a communal laundry room. Together, the buildings achieve an annual rental income of approximately £103,000 with potential to achieve more going forward. Council Tax Band A
Based on property / land value of £500,000 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