8 tax-free residences for first-time buyers

Stamp duty reductions mean those who buy a first property in the new zero rate bracket now save up to £6,250. Photo: Connells

The combination of the rising cost of living, high mortgage interest rates and a substantial drop in the number of low deposit mortgages has created a perfect storm for first-time buyers.

However, the stamp duty reductions announced in the recent mini budget are partly making it easier for them to move up the property scale, as the pre-tax threshold which comes into force at 5% has been raised from £300,000 to £425,000. £ for first-time buyers (and £125,000 to £250,000 for movers), meaning first-time home buyers in the new zero rate bracket now save up to £6,250.

Two-thirds of properties in England are now exempt from stamp duty, including this selection for sale, according to Rightmove.

1. Grand Mongeham, Deal, Kent, £225,000

Great Mongeham, Deal, Kent, £225,000. Photo: Bright and Bright

This mid-terrace cottage could be a great choice for first-time buyers. Photo: Bright and Bright

If you’d like to buy a house but are convinced your budget won’t stretch that far, this characterful mid-terrace cottage will prove you wrong.

The front door opens into a comfortable living room, and there is a kitchen with seating and dining area, a double bedroom, an office/dressing room, a first floor shower room and an enclosed courtyard to the back.

Great Mongeham, Deal, Kent, £225,000. Photo: Bright and Bright

The front door opens into a comfortable living room and there is a kitchen with seating and dining area. Photo: Bright and Bright

Deal town centre, waterfront and Walmer and Deal stations are easily accessible. On the market through Bright & Bright.

2. Lumina, Camberley, Surrey, £262,500

Lumina Landscaped Gardens.  Photo: Berkeley Group

Residents have access to a private gym, a cinema room and a flower garden on the roof. Photo: Berkeley Group

Only one fifth floor one bedroom apartment remains in this completed town center project which is opposite the train station and minutes from Camberley’s shops, restaurants and bars.

A state-of-the-art business lounge with wifi, desks and meeting spaces makes it ideal for someone working from home, and residents have access to a private gym, cinema room and thriving rooftop garden. For more information, contact the Berkeley Group.

3. Worcester, £300,000

Worcester townhouse.  Photo: Allan Morris

This Worcester townhouse has been completely remodeled and offers plenty of space for a growing family. Photo: Allan Morris

Unique and convenient to the town centre, schools and train station, this beautiful red brick Victorian townhouse has been completely renovated and offers plenty of space for a growing family.

The accommodation is spread over three floors – plus a cellar – and comprises a glazed lounge, Shaker style kitchen/dining room, study, four bedrooms and a practical storage room with its own entrance which could be adapted to be used as a a desk. Learn more about Allan Morris.

4. The Ridings Longridge, Lancashire, from £310,000

Constituencies Longridge, Lancashire.  Photo: Prospect Homes

This new build is part of a development of three and four bedroom family homes in a rural Lancashire market town. Photo: Prospect Homes

For the ultimate in hassle-free cushions, check out The Cavendish, a new four-bedroom home that happens to be a show home and is being sold fully furnished.

All bedrooms are double and there is a spacious lounge, kitchen/breakfast room with bar, adjoining utility room, main bathroom, shower room, cloakroom and integral garage.

It is part of a development of three and four bedroom family homes in a rural market town considered the gateway to the scenic Ribble Valley and Forest of Bowland, an area of ​​outstanding natural beauty. Through Prospect Homes.

5. Montgomery Place, Market Drayton, Shropshire, £363,500

Montgomery Square, Drayton Market, Shropshire.  Photo: Tilia Houses

This four bedroom home is located in a subdivision just outside the town center and close to several schools. Photo: Tilia Houses

You won’t need to increase the size any further if you buy this brand new double fronted detached house, as it is spacious enough to be your forever home.

Situated in a development just outside the town center and close to several schools, it comprises four bedrooms, en-suite and family bathrooms, a dual aspect kitchen/diner, lounge with double doors leading out to on the garden, an office, a laundry room and a cloakroom. .

Book by November 30 to get your mortgage paid off for a year. From Tilia Homes.

6. Holbeach, Lincolnshire, £399,950

Holbeach, Lincolnshire.  Photo: Fine & Country

This traditional Lincolnshire country house has already been renovated and extended. Photo: Fine & Country

All the hard work has been done for you in this traditional country house, as it has been renovated and extended and is bright and light throughout.

The ground floor consists of a living room with a wood stove, a dining room, a kitchen/dining room with an island and a laundry room, and upstairs three bedrooms and a shower room.

Holbeach, Lincolnshire.  Photo: Fine & Country

The ground floor consists of a living room with a wood-burning stove, a dining room, a kitchen/dining room with an island and a utility room. Photo: Fine & Country

There is also a sunny garden, parking for several cars on the gravel driveway and an electric car charging station. By Fine & Country.

7. Telegraph Hill, London SE14, £400,000

Telegraph Hill, London SE14.  Photo: Winkworth

This one bedroom apartment could be a perfect choice for first time buyers in London. Photo: Winkworth

A beautiful one bedroom apartment on the ground floor of a converted period house in a tree lined street between Nunhead and Brockley, just south of New Cross.

Telegraph Hill, London SE14.  Photo: Winkworth

The property has a large open plan kitchen/living/dining room with integrated appliances and exposed brickwork. Photo: Winkworth

It has a large open plan kitchen/living/dining room with integrated appliances and exposed brickwork, fitted wardrobes in the double bedroom, a contemporary bathroom and a private part of the garden. Learn more about Winkworth.

8. Coventry, bid over £400,000

Berkswell Hall.  Photo: Connells

This two bedroom house is set in a former stable on the grounds of Berkswell Hall, a stately 19th century stack that has been converted into apartments. Photo: Connells

As starts, this one is a bit larger than most as it is in a former stable in the grounds of Berkswell Hall, a stately 19th century stack that has been converted into apartments.

Features include an open plan kitchen/diner and living room with patio doors to the private garden.

Berkswell Hall.  Photo: Connells

As boot pads go, this one is a bit larger than most. Photo: Connells

There are two double bedrooms and two bathrooms – one with a roll-top bath – and high ceilings, sash windows and wonderful countryside views. Contact Connells.

Watch: How much money do I need to buy a house?

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