Last year, Rishi Sunak announced that the UK’s Stamp Duty threshold would be increased from £125,000 to £500,000. This move was intended to light a fire under the UK’s property industry. In today’s budget (3rd March), the Chancellor announced that this scheme would be extended until the end of June, 2021.
Until that time, buyers can save up to a maximum of £15,000 on a £500,000 house compared with the previous rates for Stamp Duty. Even first time buyers can still benefit if they buy a home worth more than £300,000 – the previous threshold for anyone buying their first property. If a first time buyer purchases a home worth £500,000 they can save £10,000 compared with the normal rates.
So, let’s take a look at some new developments in London that are offering properties for up the £500,000 threshold. Click on each development to see listings for properties available now.
Don’t take too long to choose though! Remember that the Stamp Duty Holiday now runs until June 30th 2021.
London developments with available homes under £500,000
Kidbrooke Village offers one bedroom apartments starting from £377,500. The development has gained an excellent overall rating of 4.24 out of 5, with particularly strong ratings for management, location and facilities. Located in the Royal Borough of Greenwich, residents also benefit from excellent connections into London via the nearby Kidbrooke Station.
Read reviews and details of Kidbrooke Village, SE3
One bedroom apartments at the highly-rated Royal Arsenal Riverside development start from £477,500. Enjoying a prime location on the River Thames, residents also benefit from convenient transport links, including National Rail services from Woolwich Arsenal station, as well as the DLR and the on-site Thames Clipper riverboat services. London City Airport is only seven minutes away on the DLR.
Read reviews and details of Royal Arsenal Riverside, SE18
One bedroom apartments are available from £354,000 and two bedroom apartments from £475,000 at Synergy by Fairview New Homes. Located in Charlton, both Westcombe Park and Charlton Overground stations are around a 10-minute walk away, offering easy connections into the City. Help to Buy is available on selected properties.
Read reviews and details of Synergy, SE7
Deptford Foundry is a mixed-use development by Anthology London – winner of many HomeViews Awards. One bedroom apartments are available for £395,000 in this development built on the site of an old metal foundry, which was built in the 1800s. Deptford Foundry welcomed its first residents at the end of 2018 and benefits from a prime locatoin at the heart of lively Deptford. Deptford and New Cross stations are nearby, offering easy access to Overground and National Rail services.
Read reviews and details of Deptford Foundry, SE14
Apartments are now available from £355,000 at Hale Works – a mixed-use development set to complete in early 2021. Developer Anthology London is working with award-winning architect Hawkins/Brown on the project. Once complete, the development will comprise of studios, apartments and commercial units. The development benefits from close proximity to Tottenham Hale station and Tottenham Marshes.
Read reviews and details of Hale Works, N17
£450,000 will buy you a luxurious studio apartment at No.5 Upper Riverside, set within the wider Greenwich Peninsula development. Residents have access to a variety of top quality facilities, including a swimming pool, gym, spa and also a cinema room. North Greenwich station is only a 7-minute walk away, with swift links to Canary Wharf and beyond.
Read more about Upper Riverside
Twickenham Gateway, TW1 is a development by Solum and offers beautiful one bedroom apartments from £490,000. Residents have extremely easy access to Twickenham station with its variety of transport links. In addition, there is a public plaza with shops close by, including a convenience store and a cafe.
Read reviews and details of Twickenham Gateway, TW1
Located in North West London, Beaufort Park is a St George development. It has access to good transport services towards central London with Beaufort Park’s Underground Station on the Northern Line. The development also has various health and fitness facilities such as a spa, gym, pool and landscaped courtyards. There is also a range of […] Read reviews and details of Beaufort Park, NW9
Discover the new developments in London rated highest for value by residents, or explore some great value developments in east London with our list of the 10 highest rated developments in Stratford.
HomeViews provides verified resident reviews of the UK’s housing developments. We’re working with developers, landlords and the Government to recognise high performers and help to improve standards in the built environment.