Stamp of approval or first-time buyers

The government’s temporary raise of the stamp duty exemption threshold from £125,000 to £175,000 has led to debate regarding whether or not it is enough to help first-time buyers and revive consumer confidence. With recent falls in house prices, however the number of properties falling beneath the threshold has increased substantially.

Stanmore based estate agency, Preston Bennett currently has a number of properties on the market that are exempt from stamp duty and ideal for first-time buyers – saving them up to £1,750 on purchasing costs!

Situated in Church Road, Stanmore is a well presented two bedroom second floor flat conveniently located above shops. On the market for £169,950, this property is set to get the stamp of approval from first-time buyers. The property offers a 20 ft lounge/diner complete with rear aspect balcony and newly fitted carpets. There is also a separate kitchen, two bedrooms, both featuring fitted wardrobes, and a bathroom with contemporary white suite. The flat is conveniently located for the shopping facilities at Stanmore Broadway and the Jubilee Line station.

In Caroline Court – a small building off The Chase in Stanmore - there is a bright and spacious one-bedroom first floor apartment ideal for a first-time purchaser. Situated close to Stanmore’s multiple shops and Jubilee Line station, this property is on the market for £175,000 and is offered chain free. The flat features an entrance hall, complete with entryphone and double storage cupboard and a lounge with front aspect balcony. There is a kitchen with a range of wall and base units and a spacious bedroom offering fitted wardrobes to one wall. Outside, there is the added convenience of an allocated parking bay.

Situated in the centre of Borehamwood is Orion, a chic new development featuring one and two-bedroom apartments, which is being marketed by Preston Bennett on behalf of Galliard Homes. One bedroom apartments at this development are priced from £134,995, providing a perfect opportunity for first-time buyers to buy new. Built by Bellway Homes, the development enjoys an excellent location, just a short walk from local amenities and transport links to London and surrounding areas. The apartments feature fitted kitchens with integrated appliances, double glazing, video entryphone systems and a lift. Outside there is an attractive communal roof terrace, allocated parking and a landscaped courtyard.

For further information on any of these properties, log on to Prestonbennett.co.uk.