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Charles Church

Stamp duty changes have positive impact on house sales

23 March 2015

Charles Church Midlands says it has seen a direct link between the Government’s decision to alter stamp duty charges and a surge of interest in a new development in Northampton.

More people are interested in buying spacious, detached properties at Marina Park, in Duston, since the stamp duty changes came in in early December.

The development, which has properties starting at £249,995 through to £429,995, offers executive four and five-bedroom homes.

Suzanne Irons, sales director for Charles Church Midlands, said: “We can see that the Chancellor’s decision to shake up stamp duty is having a real effect on buyers’ attitudes, particularly when they are looking at homes above the £250,000 threshold.

“We have seen overwhelming interest in Marina Park since the New Year and would urge buyers to hurry if they want to live there as there are now just 11 properties left!”

Marina Park, in Kent Road, benefits from great transport links to nearby Northampton, as well as a wide range of local amenities and schooling.

Suzanne added: “Marina Park is a perfect location offering the best of both worlds with sports, entertainment, leisure and shopping facilities nearby as well as plenty of green space. The development is proving especially popular with growing families.

“Schemes such as Help to Buy are just one of the many reasons why our homes are in high demand as buyers need just a 5% deposit. The Government provides a 20% equity loan, which is interest and repayment free for the first five years, meaning buyers just need a 75% mortgage.”

Other schemes include Home Change, which can be used with Help to Buy, where Charles Church market your home and pay your estate agent fees. Part Exchange is also available.

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