Pennsylvania Road, Exeter Offers in the Region Of £725,000
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A spacious Victorian property offering versatile accommodation spread over 3 floors currently set up as five studio's & three one bedroom apartments, development potential to maximise the accommodation and income potential. With a current income is in the region of £50,000 per calendar year. This property has potential to become a student property due to having the necessary HMO licence within the Article 4 directive. It is situated in a prime Exeter location within walking distance of the city centre and Streatham campus and viewing is highly recommended
Based on property / land value of £725,000 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