2 bedroom semi-detached bungalow for sale

  • £190,000
  • 76 ALI
Simister Road, Failsworth, Manchester
For Sale

2 bedroom semi-detached bungalow for sale

Simister Road, Failsworth, Manchester
  • £190,000
  • 76 ALI

Overview

Updated on September 21, 2023
  • Property Type
  • 2
  • Bedroom
  • 1
  • Bathroom
    • Sq Ft
  • Year Built

Description

**REDUCED** **CASH BUYERS ONLY** **BUNGALOW** **SPACIOUS FRONT AND REAR GARDENS** **DRIVEWAY** **DETACHED GARAGE** **FULL REFURBISHMENT NEEDED**
Medlock Estates is happy to bring to the market this two bedroomed bungalow benefitting from no vendor chain and occupying a large plot situated in the desirable Failsworth area. Comprises of entrance hallway, lounge, kitchen/dining room, two double bedrooms and family bathroom room. Externally offers front and rear gardens with a gated driveway leading to a detached garage ideal for storage. With opportunity for the successful buyer to fully refurbish and modernise throughout. Located in a highly convenient and popular area and in close proximity to local schools, amenities and shops. Public travel links via Lord Lane with easy access to surrounding tram stops between Manchester City Centre and Oldham Town Centre and 5-minute drive for M60 motorway routes. **Cash Buyers only. Viewings highly recommended **

Entrance Hallway - 0.61m x 1.30m (2 x 4'3) -

Lounge - 4.09m x 3.66m (13'5 x 12') -

Kitchen/Diner - 4.72m x 1.02m (15'6 x 3'4) -

Bedroom 1 - 3.38m x 3.05m (11'1 x 10') -

Bedroom 2 - 3.51m x 3.05m (11'6 x 10') -

Family Bathroom - 2.34m x 1.73m (7'8 x 5'8) -

Externally -

Tenure - We have been advised by the vendors that the property is Freehold

Stamp Duty - You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England and Northern Ireland.
You pay the tax when you:
• buy a freehold property
• buy a new or existing leasehold
• are transferred land or property in exchange for payment, for example you take on a mortgage
The threshold is where SDLT starts to apply. If you buy a property for less than the threshold, there’s no SDLT to pay.
The current SDLT threshold for residential properties is £250,000.
The threshold for non-residential land and properties is £150,000.
Thresholds Property Price SDLT Rate
Up to £250,000 0%
The portion between £250,001 to £925,000 5%
The portion between £925,001 to £1,500,000 10%
The portion over £1,500,001 12%

Example
In October 2021 you buy a house for £295,000. The SDLT you owe will be calculated as follows:-
0% on the first £125,000 = £0
2% on the next £125,000 = £2,500
5% on the final £45,000 = £2,250
Total SDLT = £4,750

How much you pay depends on whether the land or property is residential use or non-residential or mixed-use.
If you’re buying a residential property there are different rates of SDLT if:
• you’re a first-time buyer
• you already own a property and you’re buying an additional property
• you’re not a UK resident
You can use HM Revenue and Customs’ (HMRC) Stamp Duty Land Tax calculator to work out how much tax you’ll pay.
You may be able to reduce the amount of tax you pay by claiming relief, such as if you’re a first-time buyer or purchasing more than one property (‘multiple dwellings’).


First-time buyers:
From 1 July 2021, you’ll get a discount (relief) that means you’ll pay less or no tax if both the following apply:
• you, and anyone else you’re buying with, are first-time buyers
• the purchase price is £500,000 or less

Arical Liveability Index

76
Schools
Good
Restaurants
Average
Transport
Good
Services
Good
Groceries
Good
Safety
Good

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