Great time for investment

Sam McCathie at Fox & Sons explains briefly about the implications of the increase in Stamp Duty for investment and second home purchases after 1 April this year and highlights a superb opportunity for an investment in King’s Worthy.

Sam says: “If you have plans to move this year, now is the time to market your property. There is currently a saturation of residential buyers, but not enough available properties coming to the market just yet. This creates a competitive buyers’ market.

“The recent announcement about Stamp Duty changes which means that from April, buy-to-let investors will have to pay an extra 3%, has resulted in these purchasers being very keen to buy as soon as possible. Investors will want to buy and complete before the change.”

One recent property to the market in Edwards Close, King’s Worthy is ideal as an investment purchase and will also appeal to first time buyers, who will, of course, not be subjected to the increase in Stamp Duty.

The ground floor apartment forms part of a modern, purpose-built development in this close and there are just three apartments in this building. The accommodation is surprisingly spacious and the open plan living room is a fabulous size with plenty of space for dining and relaxing in addition to a very smart kitchen with glossy units in one corner. A generous double bedroom has a built-in wardrobe and the bathroom lies adjacent.

The apartment is offered for sale together with a parking space in the covered car port. Fox & Sons quotes a price of £225,000 and expects a good deal of interest from investors and other purchasers alike. Contact the office on 01962 862121 for more details.