News: Best Stamp Duty Savings Inside London

26-August-2020

26-August-2020 9:47

in News

by Admin

The chancellor’s plan to kick-start the housing market following lockdown, as the market has sprung very much back into life since the announcement of the stamp duty holiday in July.

For those looking to buy in London, you’re going to want to take advantage of that Stamp Duty Holiday while it’s on offer. London is notoriously competitive and expensive, so when given the chance to save thousands of pounds in stamp duty it’s easy to see why so many people are jumping at the chance.

With London being the largest city in the UK, it’s tricky to see where the best savings could be found – so we have put together a list of the top ten savings possibilities by area.

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The Top Savings

1. Orpington

Orpington sits in the South-eastern section of urban London, and is also part of the borough of Bromley. It’s a great residential area, with parks for walking and parks for shopping alike. For families, there is a full range of primary and secondary schools for you to choose from within the local area, as well as colleges and universities for further education. The town is also served by Transport for London.

Average house price: £498,977

With the stamp duty land tax holiday, you could stand to save…£14,893

2. Burnt Oak

Found in the Edgeware district of northwest London, Burnt Oak is part of the Boroughs of both Brent and Barnet. Historically, this area was largely rural until the introduction of the London Underground, connecting the town easily to the central city of London. With a wealth of residential space and excellent connections via the Tube, it’s certainly a location to look at.

Average House price: £364,552

With the stamp duty land tax holiday, you could stand to save…£14,892

3. Chingford

Right next to Epping Forest, this is a suburban area with a plethora of green space and parks. For someone wanting to feel like they live in the country, but still very much in the City, this is definitely one to look at. Plus, the local high street Station Road boasts a healthy balance of shops, cafes and restaurants so you don’t need to go too far from home to head out for an evening.

Average House price: £460,227

With the stamp duty land tax holiday, you could stand to save…£14,673

4. Sydenham

In the south-east of London, this is a popular and diverse area has excellent connections to the Inner City. This would be an excellent location for a social butterfly as one of the defining features of this location is the local community; but it’s also a good location for someone who wants a bit more green in their life, as the area has no less than seven Conservation Areas.

Average House price: £453,693

With the stamp duty land tax holiday, you could stand to save…£14,648

5. Walthamslow

Part of suburban London and situated in north east London, this area has seen significant gentrification since the 2012 London Olympics – this has led to a steady and continuing rise in house prices. So for someone looking for resale value, this would be an excellent place to look – especially in the leafy, green Walthamstow Village. There is a weekly farmers market each Sunday, so for those who want to spend their weekend perusing vegetation, this is definitely a good location.

Average House price: £490,877

With the stamp duty land tax holiday, you could stand to save…£14,638

6. Wembley

Famous for Wembley Stadium, it’s not just the sporting fans who would do well to consider investing in a property in this North West London location. It has plenty of transport links to central London, as proximity to the centre as being one of the main selling points of this area. There are plenty of Victorian and Edwardian properties to choose from, and the location is only a stone’s throw away from Brent Reservoir, so for those who want to be in green spaces, there is that option too.

Average House price: £427,788

With the stamp duty land tax holiday, you could stand to save…£14,146

7. Harrow

Best known for the posh Prime-Minister-Producing Harrow school, this area is very sought-after in terms of location in the in-demand city of London. With a mix of traditional and modern homes, there is something for everyone here. It also has excellent transport links, such as the Tube and lots of buses. And the famous Harrow school is not the only one around – there are plenty of options for both primary and secondary schools for those wanting to settle down with family.

Average House price: £467,861

With the stamp duty land tax holiday, you could stand to save…£14,135

8. Biggin Hill

With lots of hills, fields, and greenery around, Biggin Hill is an excellent marriage of both green spaces and a busy high street. Plenty of good transport links that you’d come to expect in most London locations, this South London location has the added benefit of a business airport – London Biggin Hill Airport. One of the main selling points of this area is that it appears to be fairly rural – so it’s good for a family who want to live in the city, but have the lifestyle and feeling of living in a more rural location, and excellent for those who like to run in outside spaces.

Average House price: £394,343

With the stamp duty land tax holiday, you could stand to save…£13,935

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9. Blackfen

The south east area of Blackfen is a popular one, and it’s easy to see why.

It has strong transport links, being served by Transport for London, which includes rail and bus connections.

River Shuttle is a big draw of this area, providing picturesque walks and views as no less than four open parks border the river: Parish Wood, Holly Oak Wood Park, Marlborough Park and Willersley Park. So for those who like walking – or those who need to walk a dog – this location has no shortage of green spaces.

For families, this area also has lots of schools, including proximity to the University of Greenwich’s Avery Hill Campus, for those perhaps looking to invest in a rental property to break into the student market.

Average House price: £417,332

With the stamp duty land tax holiday, you could stand to save…£13,501

10. Greenford

A neighbour to another feature on this list (Wembley), Greenford is on the central line and is an excellent location for those commuting to the inner city. It is part of the borough of Ealing, although it is considered it’s own town.

In terms of amenities, it boasts lots of schools, shops and parks for those looking for a location to settle into family life. It’s served by the Tube, buses and rail connections, so links to other areas are in no short supply.

Average House price: £430,715

With the stamp duty land tax holiday, you could stand to save…£13,380

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