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For sale is this BUILDING PLOT which totals approximately 0.27 acres and is set within the quaint village of FOLKTON. The land has GRANTED PLANNING PERMISSION to ERECT a NEW FOUR BEDROOM LOW ENERGY DWELLING and a to CONVERT/EXTEND a CURRENT BARN STRUCTURE (which is GRADE II listed) into a THREE BEDROOM BARN CONVERSION.
Planning Permission has been granted in July 2023 Decision number - 22/02027/FL North Yorkshire Council website and can be provided upon request alongside the plans.
The land is well located in the secluded village of Folkton which affords excellent access to transport links such as the A64 (York) and the A165 (Bridlington) as well as being only approximately 6 miles out of Scarborough itself and 5 miles from Filey. There is also a nearby popular public house/restaurant in the neighbouring village of Flixton.
Beside the land lies a stunning six bedroom dwelling which is currently arranged as a four bedroom cottage with a two bedroom annexe. This is not included within the sale of the land but can be included via separate negotiations.
Based on property / land value of £220,000 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