Families looking to trade up to a bigger property can save £3,700.50 on the cost of a four-bedroom detached home at Crest Nicholson Chiltern’s Monksmoor Park development under the government’s new reduced Stamp Duty Land Tax rates.
The £314,950 ‘Canterbury’ property now incurs stamp duty costs of just £5,748 – a fall of more than 60% on the fee incurred (£9,448.50) on a home of the same value before the rules changed on 4 December last year.
The four-bedroom ‘Canterbury’ is one of the newly built family homes at Crest Nicholson Chiltern’s Monksmoor Park development, located in Daventry, Northampton.
The property is ready to become the dream home of a young family – and it has never been so attainable, thanks to the change in stamp duty and the possibility of using the government’s Help To Buy scheme to bring the purchase price down even further.
Help to Buy is enabling first-time buyers’ budgets to stretch much further, upsizing and up-scaling the types of properties they can afford. And as well as saving buyers money by letting them jump up the ladder, using the scheme also means no need to spend years saving up a hefty deposit.
Amanda Benjamin, Sales & Marketing Director, Crest Nicholson Chiltern, said: “Monksmoor Park has proved incredibly popular with buyers from across the spectrum. The recent introduction of a banding system for Stamp Duty Land Tax has seen a reduction in Stamp Duty for around 98% of buyers – including those looking to purchase the ‘Canterbury’.
“The new rates effectively knock two per cent off the price tag, which frees up that cash for new buyers to kit out their home with over £3,500 worth of furnishings.
“When you combine that with the option of using Help To Buy, it means dream homes which previously might have appeared unaffordable are now within reach of those looking to get onto the ladder or upsize without having to find a mind-blowing deposit.”
Monksmoor Park is an outstanding example of Britain’s natural beauty carefully combined with artfully designed new homes. It is set to the north east of Daventry, nestled alongside the Grand Union Canal with acres upon acres of farmland stretched out to the north and east and Daventry Reservoir and Country Park to the south.
Monksmoor Park isn’t simply a modern 21st Century development, it’s a vision for future living with new innovations, concepts and energy saving principles at its very heart. A minimum of 10% of the developments’ energy requirements are derived from renewable or low carbon sources and all homes are fitted with water efficient internal fixtures, providing high levels of insulation and recycling storage, as well as external water butts to private gardens.
Monksmoor Park is well located to access a host of cities and towns across Warwickshire, Northamptonshire and even Oxfordshire. Furthermore, trains from either Rugby, just 10 miles away or Northampton within 12 miles, arrive into London in less than an hour. Alternatively, Long Buckby station is less than 5 miles away and offers services into London Euston in 78 minutes and Birmingham New Street in 55 minutes.
Prices for the four-bedroom ‘Caldwick’ house start from £359,950. For more information or to make an appointment to view the show apartment, telephone: 01327 220079 or visit: www.crestnicholson.com/monksmoorpark