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UK News Most popular homes for sale since the stamp duty cut revealed

04:15  16 july  2020
04:15  16 july  2020 Source:   dailymail.co.uk

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Revealed : The 10 most popular homes for sale since the Chancellor's stamp duty cut last week All 10 of the most viewed homes for sale on Zoopla cost £300,000-£500,000 This is where the greatest savings can be made following the cut in stamp duty

The biggest potential stamp duty savings in and outside of London have been revealed by property Could you save £15,000 on buying a home ? The towns where homebuyers would benefit the most Big stamp duty savings: This three-bed semi-detached house in Dorking, Surrey, is for sale for £495

The most viewed properties for sale online since the stamp duty announcement last week have been revealed exclusively to MailOnline Property and This is Money.

All 10 of the most popular homes for sale on property website Zoopla cost between £300,000 and £500,000.

This is the price bracket where the greatest savings - up to £15,000 - can be made following the cut in stamp duty.

a brick building: All 10 of the most viewed homes for sale on property website Zoopla cost between £300,000 and £500,000, including this home in Fleetwood, Lancashire © Provided by This Is Money All 10 of the most viewed homes for sale on property website Zoopla cost between £300,000 and £500,000, including this home in Fleetwood, Lancashire a plane sitting on top of a grass covered field: The most viewed property for sale on Zoopla - in Fleetwood, Lancashire - has far-reaching views of the Irish sea © Provided by This Is Money The most viewed property for sale on Zoopla - in Fleetwood, Lancashire - has far-reaching views of the Irish sea

The Chancellor announced in the mini-budget last week that he would cut stamp duty on main homes costing up to £500,000.

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You pay Stamp Duty Land Tax (SDLT) when you buy houses, flats and other land and buildings over a certain price in the UK. 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’).

Chancellor cuts stamp duty , VAT on hospitality and tourism. Raising the stamp duty threshold for purchases of property to 500,000 pounds, until March 31 next year. Officials said this will mean nearly 9 out of 10 people buying homes will pay no stamp duty at all.

The scheme will also last for more than eight months, with the new thresholds applying until March 31 next year.

The savings are lower for first-time buyers due to the stamp duty relief already in place for them.

They were already paying no tax up to £300,000 and 5 per cent on the amount from £300,001 to £500,000.

Zoopla said the strongest rise in demand was for homes with an asking price of between the £300,000 and £500,000.

Demand rose 52 per cent on the afternoon that followed the cut on 8 July, compared to the previous four-week average.

The most viewed homes are spread across England and Wales, including London and Swansea.

Top of the list is a property on the coast in Lancashire, in the town of Fleetwood. The five-bedroom period property has views of the Irish Sea and is on the market for £430,000.

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We reveal the 10 most popular homes for sale since the Chancellor's stamp duty cut last week - with a five-bed in Fleetwood, Lancashire, topping the list. Potential buyers rush online after the stamp duty cut : Here's how much it saves on the average home near you.

Nine out of 10 of the most viewed properties were listed on Zoopla since the mini-budget.

It suggests that sellers have been motivated to bring their properties to market and are aiming to make the most of the buyer demand, Zoopla said.

Gráinne Gilmore, of Zoopla, said: 'The stamp duty announcement certainly boosted demand in some areas - demand levels were already elevated because of the post-lockdown bounceback.

'The increase in buyer interest has been particularly evident in price brackets where homemovers and first-time buyers can benefit from some of the largest savings owing to this eight month property tax holiday.

'As can be seen from the most-viewed properties in this list, vendors putting their homes forward for sale are in a good position to take advantage of the current market conditions.'

The 10 most viewed homes on Zoopla...

1. Five-bed end of terrace in Fleetwood, Lancashire, for £430,000

The most viewed property on Zoopla is this period family home in Fleetwood, Lancashire, which has plenty of original features.

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The end of terrace is spread across three floors and boasts views across Marine Hall gardens and the Irish sea. It is on the market for £430,000 and is being sold by Unique estate agents.

Following the Chancellor's stamp duty cut last week, buyers will save £11,500 in tax on this property.

Stamp duty saving: £11,500

2. Three-bed house in Willenhall, West Midlands, for £340,000

The second most viewed house is this three-bedroom house in Willenhall, in the West Midlands, which is for sale for £340,000 via Home4 estate agents.

The detached property is accessed via a gated driveway, where there is space for several cars.

It also comes with a conservatory, a garage with an electric door and a loft with two velux windows.

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Stamp duty saving: £7,000

3. Three-bed house in London's Feltham, with a guide price of £300,000

While this three-bedroom house in London's Feltham has an attractive guide price of £300,000, buyers will need deeper pockets as the property requires extensive work.

In addition, the end of terrace property is likely to be sold for much more as it is being sold at auction via estate agents Barnard Marcus.

Stamp duty saving: £5,000

4. Four-bed house in Penllergaer, Wales, for £300,000

This four-bedroom family home in the village of Penllergaer, near Swansea in Wales is being sold for £300,000 via estate agents Purplebricks.

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Wales has its own stamp duty system, which is separate from the changes introduced by the Chancellor that only applies to properties in England.

The rate payable for properties valued at between £180,000 and £250,000 will be zero from July 27, until the end of March 2021.

Properties in Wales selling for less than £180,000 are already exempt from paying the tax.

Stamp duty saving: £2,450 (from 27 July)

5. Three-bed house in Harrow, Middlesex, for £450,000

This house in Harrow, Middlesex, has an asking price of £450,000 and is being sold via estate agents Gibbs Gillespie.

The end of terrace property includes three bedrooms, but it requires updating throughout.

Stamp duty saving: £12,500

6. Three-bed cottage in Penmaen, Wales, for £375,000

This three-bedroom cottage in Penmaen, Wales, is for sale for £375,000 via estate agents Purplebricks.

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It is at the end of a private lane and is near the beach, making coastal walks easily accessible.

As Wales has its own stamp duty rate, it does not benefit from the Chancellor's recent cut in stamp duty.

Stamp duty saving: £1,200 (from 27 July)

7. Four-bed house in Ilkeston, Derbyshire, for £339,950

This four-bedroom house in Ilkeston, Derbyshire, is for sale for £339,950 via Margi Willis Estates.

It has four bedrooms, a family bathroom and space for parking at the front.

Outside in the garden at the rear of the property, there is a shed, a double glazed garden room and a separate bar with light and power.

Stamp duty saving: £6,998

8. Three-bed bungalow in Epsom, Surrey, for £400,000

This semi-detached chalet style home in Epsom, Surrey, is for sale for £400,000 via Cairds Estate Agents.

It has a bedroom and bathroom downstairs, and a further three bedrooms and a shower room upstairs.

There is a private garden, with further outdoor space provided by nearby Epsom Common.

Stamp duty saving: £10,000

9. Four-bed house in Killay, Wales, for £300,000

This four-bedroom house in Killay, near Swansea in Wales, has an asking price of £300,000 and is being sold via Purplebricks.

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It has a pristine interior, with a newly-fitted boiler, designer radiators and a modern kitchen.

Stamp duty saving: £2,450 (from 27 July)

10.  Three-bed semi-detached house in Dagenham, London, for £375,000

This semi-detached property in Dagenham, famous for the near-by Ford factory and on the outer London/Essex fringes, is for sale for £375,000 via Purplebricks.

It is a family home in a quiet residential turning, and yet it is close to Dagenham East Station.

Stamp duty saving: £8,750.

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