Solway Drive, Sutton Hill Telford, Shropshire, TF7 4JA £155,000
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Available as a buy to let investment
Current tenant paying £850 per month.
6.58% Gross yield (based on purchase price of £155,000)
THREE BEDROOM TERRACED HOUSE: An ideal investment purchase earning a gross yield 6.58%.
Through Hallway, Cloaks/WC, Living/Diner, Kitchen, Garden Room Landing, Three Bedrooms, Bathroom, Separate WC, Garden / Combined Gated Rear Driveway. EPC Rating: C.
Situation:
Sutton Hill is a now well established, modern residential area, pleasantly situated on the extreme southern fringe of Telford, close to the Telford Country Hotel & Golf Course. It is situated about five miles south of Telford town centre with its wide range of recreational and shopping facilities, including the New Southwater development, the M54 motorway and the town’s central railway station. The historic township of Ironbridge, which is a World Heritage Site, is some three miles distant and there is easy access to Madeley District Centre.
Based on property / land value of £155,000 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 31st October 2024 - please visit https://www.gov.uk/stamp-duty-land-tax for the latest information