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INVESTMENT OPPORTUNITY
13 Studio apartments, 4 Two bedrooms apartments and 3 Three bedroom apartments
Potential gross yield of 8%
Approx a 4 minute walk to Teesside University
Clarke Munro are delighted to offer to market this property which is an ideal investment opportunity. Purpose built and made up of 13 Studio apartments, 4 Two bedrooms apartments and 3 Three bedroom apartments that have all been refubished to a high standard. Withing close proximity to Teesside University and all other local amenities. This property has a gross potential yield of approx 8% and also benefits from a communal laundry room and basement for storage. Please call 01642 245796 to request more information
Based on property / land value of £2,400,000 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