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PERFECT INVESTMENT OPPORTUNITY
AMAZING LOCATION OPPOSITE THE UNIVERSITY
CURRENTLY BEING REDCORATED FULLY
COMMUNAL COURTYARD
FREEHOLD
COUNCIL TAX BAND A
Clarke Munro are delighted to present this rare to the market student HMO investment property perfectly situated on Borough Road, located opposite the University Campus and within walking distance to the town centre. This building comprises of 10 spacious double bedrooms split across three stories. The property has a large kitchen and communal lounge located at the entrance, a further two kitchens on the 1st floor and 6 toilet and shower rooms making it the perfect student HMO house share. This popular student property is currently fully let every turn around it completely lets in full. It's currently full at the moment and the tenants pay £390pcm each. So that is £3900 per month for all of them. The landlord does pay the gas, electric, water, TV Licence and WIFI bills.
Based on property / land value of £350,000 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