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Located near to Plymouth University and just a short distance from Plymouth City Centre is this 8 bedroom HMO investment property. The property is currently achieving an annual income of £42,840.
The accommodation comprises of the following on the ground floor, a communal room, a breakfast room and a kitchen, along with one double letting room on the ground floor. On the first floor there are four letting rooms plus two shower rooms.
While on the second floor you will find a further three bedrooms and another shower room.
This is an incredible investment property in this superb central location, call now for more details or to organise a viewing.
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