by jonathan @ hamptons » Tue May 20, 2014 9:07 am
Hi Julian,
Sorry I didn't notice your question last week. The stamp duty threshold at £2m has been a real issue for the last two years, and now the added confusion over mansion tax has added even more uncertainty at this pricing point. Although the £2m - £2.5m market is better than it has been for a while, it is still the toughest market to sell in.
As I've always said, do a basement if you want to stay in your house for a good long while and if it suits your lifestyle (ie want kids play space / utility / media room etc) but rarely do they make a return in the short term. They buy you more time in the same house, not profit!!
If you want specific advice then drop me a PM - I'd be happy to discuss properties & plans and give you an idea of before and after values.
Jonathan
Hamptons International
98-100 Northcote Road
020 7924 2170
Hi Julian,
Sorry I didn't notice your question last week. The stamp duty threshold at £2m has been a real issue for the last two years, and now the added confusion over mansion tax has added even more uncertainty at this pricing point. Although the £2m - £2.5m market is better than it has been for a while, it is still the toughest market to sell in.
As I've always said, do a basement if you want to stay in your house for a good long while and if it suits your lifestyle (ie want kids play space / utility / media room etc) but rarely do they make a return in the short term. They buy you more time in the same house, not profit!!
If you want specific advice then drop me a PM - I'd be happy to discuss properties & plans and give you an idea of before and after values.
Jonathan
[color=#0000FF][b]Hamptons International
98-100 Northcote Road
020 7924 2170[/b][/color]