Rishi Sunak's stamp duty holiday is good news for Northamptonshire's house-buyers. The Chancellor zeroed duty on house purchases under £500,000 until March 31 2021 in Wednesday's big announcement — which means a £15,000 saving for buyers.
This move is aimed at helping buyers who have taken a financial hit because of the coronavirus crisis. It is also intended to boost a property market hit by lockdown after four consecutive months of falls in prices according to the Halifax.
Until Wednesday, stamp duty was not charged on the first £125,000 of a property's selling price, with a two per cent rate on properties up to £250,000 and five per cent on the next £675,000.
Property experts suggest the average stamp duty bill will fall by £4,500 with nearly nine out of ten people buying a main home this year paying none at all.
Andy Denny, director of Edward Knight Estate Agents in George Row, said: "Most houses in Northampton are priced below £500,000 so it's a very good thing for us but in central London, the holiday won't make a huge difference to many people. But in Northampton, the benefit will be great as the average house price is around the £250,000 mark."
But if you want to make the most of the saving, though, we took a a look on RightMove to find 12 houses on the market for around £½million in an around Northampton which have all effectively just dropped by three per cent overnight.
6.
Stoke Road, BLISWORTH Boo Cottage is a delightful stone built, detached character house which has been lovingly improved and restored while retaining a wealth of character features. The cottage has two entrances, the original front door from the street opens into the original hallway which is now used a study. The main reception is a great size for entertaining and has windows to the front and rear, exposed beams and an oak floor. Upstairs are three good size bedrooms which overlook the front of the house as well as a family shower room. Marketed by Fine & Country, Northampton
7.
Sharmans Close, COGENHOE A well-kept and improved Francis Jackson-built detached family home located in the older part of the village in a small cul-de-sac. It boasts Four bedrooms, two en-suite shower rooms, three reception rooms and a superbly re-fitted and altered kitchen/breakfast room and conservatory. Marketed by Howkins & Harrison LLP, Northampton
8.
Little Lane, YARDLEY HASTINGS A stone-built 17th century four-bedroom detached house. The property is set in a conservation area and has character features such as exposed timber beams, exposed stone walls, and handmade doors, which have been successfully combined with modern features throughout. The 1,688 sq ftof accommodation includes a dual aspect sitting room which has a feature fireplace with an oak bressumer beam and original bread oven, three window seats, and parquet flooring. Marketed by Michael Graham, Olney