Hanover House, St John's Wood High Street, NW8

£3,500,000
5 Bedrooms 3 Bathrooms 2 Receptions

An exceptionally spacious five bedroom apartment (2219 sq ft / 206 sq m) with balcony situated on the second floor of this sought after portered block with passenger lift. The apartment comprises five bedrooms, two receptions, kitchen/breakfast room, three bathrooms and benefits from an abundance of natural light, ample storage. Hanover House is an imposing and prestigious building that enjoys an unrivalled reputation and location being positioned at the southern end of St John's Wood High Street. Additional benefits include day porterage, entrance phone, independent heating, communal hot water and long leasehold with a share of freehold. The cosmopolitan shops and cafes including The Ivy Café on St Johns Wood High Street are on your doorstep, together with the beautiful open spaces of Regents Park.

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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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