London House, Avenue Road, NW8

£2,200,000
3 Bedrooms 2 Bathrooms 1 Reception

A fabulous three bedroom apartment (1354 sq ft / 126 sq m) situated on the seventh floor of this modern block with porterage and underground parking for one car. This bright, contemporary apartment is offered in excellent condition throughout and features an impressive 24'6 reception room with access to a generous sized balcony featuring outstanding views, modern kitchen with integrated appliances, a generous master bedroom with ensuite bathroom, further double bedroom, bedroom 3 / dressing room, family shower room and guest WC. London House is one of St John's Wood's premier blocks featuring resident porterage, passenger lift, communal garden and is located on the Southern end of Avenue Road (close to the junction with Prince Albert Road) and is within close proximity of St John's Wood High Street and Regent's Park. Long leasehold 948 years remaining with a share of freehold. 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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