Wombridge Road, Wombridge Telford, Shropshire, TF2 6HT Offers in Excess of £500,000
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POTENTIAL DEVELOPMENT OPPORTUNITY (STPP)
SITE IS APPROX 1.74 ACRES / 7026 m2
POTENTIAL DEVELOPMENT OPPORTUNITY (STPP): To be sold on option basis to a developer.
The site is approximately 1.74 acres (7026m2). The site is mostly level with the access situated at the end of a no through road adjacent to residential housing and parkland.
Please note there is a covenant attached to the land which restricts future development. Then vendor has made enquiries and this can be removed at a cost met by the developer.
Based on property / land value of £500,000 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