Avenue Close, Avenue Road, NW8

£2,850,000
5 Bedrooms 3 Bathrooms 2 Receptions

In need of modernisation, is this delightful and spacious five bedroom, two reception room apartment (2868 sq ft / 266 sq m) situated on the second floor of this prominent portered block in the heart of St John's Wood. The apartment offers well planned lateral accommodation comprising a charming 25'11 double reception room intercommunicating with a separate formal dining room, four good sized double bedrooms and one further single bedroom, three bathrooms, a spacious kitchen/breakfast room, utility room, guest cloakroom and balcony. Avenue Close is a prestigious building that enjoys an unrivalled reputation and location being quietly positioned in a private turning off Avenue Road offering off street parking on a first come first served basis. Additional benefits include resident porterage, passenger lift, communal central heating & hot water and long leasehold 941 years remaining approx. This apartment really does offer a great opportunity for a buyer to create a truly stunning family home. Joint Sole Agent.

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Stamp Duty Calculator

What level of Stamp Duty should you be paying? Use our Stamp Duty calculator tool to calculate the stamp duty charged on purchases of property in the UK.

Stamp duty rates (SLDT) on UK property transactions are linked to the price paid for a purchase.

Stamp duty is calculated over a number of different thresholds with clear delineation between the differing rates and is payable by the purchaser when buying a property, usually through the solicitor on completion of sale.

The rates for commercial property are different to residential and our calculator will offer guidance on residential property only.


STAMP DUTY FOR FIRST TIME BUYERS

A first time buyer is classified as someone who has never owned a residential property abroad or in the UK. Including leasehold properties. First time buyers cannot get stamp duty relief on buy-to-let properties and the purchase must be your only residence.

For first time buyers, a change to the stamp duty means that anyone buying their first home won't be liable for stamp duty if the purchase price is below £300,000.

Further relief is available for purchases up to £500,000 to help first time buyers in more expensive locations such as London.

Please note that our calculator factors in the location of the property and will calculate the first time buyer relief at £500,000.


STAMP DUTY WHEN BUYING A SECOND PROPERTY

In the 2015 autumn statement, the chancellor George Osborne announced that from April 2016 the SDLT (Stamp Duty Land Tax) would increase on any purchase of a second property.

The tax is applied to properties bought as a second home or a buy-to-let and will apply even if the property isn’t let out. However mobile homes, houseboats and caravans are classed as exempt. For most transactions the higher stamp duty will only apply to purchases of buy-to-let or second homes.

Someone who already owns a second home or buy-to-let, who plans to move house should also be exempt from the higher stamp duty rate, as the owner plans to replace their main residence.

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