How homebuyers can still benefit from stamp duty sales
There’s still time for house-hunters to benefit from stamp duty savings if they find their next home in the next National Property Auction held by SDL Property Auctions on Thursday 27th May.
With the stamp duty holiday due to end on 30th June for properties priced £250,000-£500,000, one of the few ways for buyers to make savings in this area is to purchase by auction – and a good number of suitable family homes are due to go under the hammer with the UK’s most successful live-streamed auctioneer this month. The speed and certainty of auction sales mean sellers will be handing over the keys several days before standard stamp duty rates are reinstated for properties within this price bracket.
The past year has seen a growing number of private buyers and sellers turn to auctions for a fast, hassle-free sale with almost zero risk of a fall-through. Buyers will still find plenty of renovation projects, commercial properties and land for sale in the latest catalogue of more than 200 lots, but there is a gradual shift towards well-maintained family homes, too.
Among them is a stylish three bedroomed detached house in Derbyshire with the potential to run a small business from the property, subject to planning permission. With a *guide price of £250,000+, The Lodge in Burton Road, Egginton (pictured) has largely been renovated and occupies a plot featuring a series of outbuildings including kennels.
In Leicestershire, 29 Beech Road in Oadby is ready to move into and would make an ideal family home. The three bedroomed detached house sits on a large corner plot with gardens at the front, side and rear. Well proportioned and well presented throughout, with a bright and airy feel, the property is being sold in partnership with Knightsbridge Estate Agents and has a guide price of £250,000+.
Similarly 5 Meade Hill Road in Prestwich is another three bedroomed detached property, situated off Sheepfoot Lane in one of north Manchester’s most popular locations. It sits on a large plot with room to extend both to the side and rear, with the necessary planning consents. Sold in partnership with Aubrey Lee, the property also has a guide price of £250,000+.
One family home which stands out from the crowd can be found in Chester, with the lower guide price of £185,000+ which is sure to attract the attention of bidders. Being sold in partnership with Humphreys, 14 Forest Drive in Broughton is a three bedroomed semi-detached property which has recently been renovated to a high standard, with solid oak doors and other quality fittings. It is situated on a larger-than-average plot with parking for several vehicles and foundations in place for a garage, subject to any necessary planning permissions.
Managing director and auctioneer Andrew Parker said: “It’s good to see so many properties within this price bracket for sale, giving buyers the opportunity to catch the end of the stamp duty holiday. There are many more properties just below the £250,000 mark, too, and buyers can bid on these safe in the knowledge that they will still beat the stamp duty holiday deadline.”
In the National Property Auction on Thursday 27th May contracts will be exchanged on the fall of the hammer and, unless otherwise stated in the legal pack, completion takes place 20 working days later on Friday 25th June. This is comfortably within the stamp duty holiday period even when the bank holiday is taken into account.
The auction will be live-streamed from the company’s head office auction studio, with auctioneer Andrew Parker on the rostrum. As part of its commitment to ensure auctions are accessible by everyone, SDL Property Auction offers three remote bidding options; online, on the phone and by proxy.
*Each property is subject to a Reserve Price which may be different from the Guide Price.