A building plot with planning permission for a single storey detached dwelling, ideally situated for both Nottingham City and Sherwood Town centre’s excellent local amenities. The plot has planning permission for a two double bedroom detached bungalow, with both bedrooms having access to a small courtyard and the benefit of a Jack & Jill en-suite bathroom/WC. There’s a spacious living room with vaulted ceiling and bi-fold doors leading onto the rear garden and a good sized dining kitchen with skylight windows. Outside, there’s off street parking and a rear garden with established tree lined rear aspect. Potential re-sale value for the bungalow would be in the region of £280,000, depending on the quality of the finish. CASH BUYERS ONLY.
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You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price when you buy residential property. SDLT only applies to properties over £250,000. There are three rates of stamp duty for residential property, with a standard rate for people who own one property, a surcharge for those who own multiple properties and a relief element for first time buyers.
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