Property news from around the county
PUBLISHED: 16:32 22 March 2016 | UPDATED: 16:32 22 March 2016
Housing minister's visit to Chelmsford, beating tax rises and much more in this month's property news
Housing minister visits Chelmsford
Minister of State for Housing and Planning, Brandon Lewis MP, enjoyed a visit to Beaulieu in Chelmsford in February to view the progress of this exciting new district for the city which will include up to 3,600 new homes and extensive new community facilities. Joined by senior representatives from joint venture partners Countryside and L&Q, the housing minister viewed the show homes within the first phases of new homes at Beaulieu Heath and Beaulieu Chase, as well as enjoying a tour of the overall scheme and the extensive range of community facilities that are planned.
He said: ‘We’ve got the country building again with the number of new homes up 25% over the last year, so it’s great to be here today to see some of those new homes on the ground.’
Mulluck Wells: Buy now to beat tax rises
Leading regional estate agent Mullucks Wells is urging landlords and potential second-home owners to buy now, in order to beat the 3% stamp duty hike scheduled for introduction in April. Chancellor George Osborne announced the tax rises for anyone buying more than a single property in his Spending Review and Autumn Statement back in November. But property transactions which complete before April 1 this year will be exempt.
Mullucks Wells’ residential director, William Wells, said: ‘In order to beat the April deadline, it won’t be enough for contracts simply to have been exchanged; the deal will need to have been fully completed in order to qualify. Missing it will mean paying an extra £7,500 upfront on a property worth £250,000.’
Dutch Quarter apartment is furnished by Williams & Griffin
The impressive show home at the new Dutch Quarter Apartments in Colchester has opened to prospective buyers and investors after being expertly fitted out with furniture and accessories from neighbouring Williams & Griffin, part of the Fenwick group.
The former Telephone House, in Colchester’s historic Dutch Quarter, is currently being transformed into one, two and three-bedroom state-of-the-art apartments by family-run Essex developer SBLiving. The 1960s office block, in West Stockwell Street, closed in 2011, and work is almost complete on 51 stunning new homes with the first residents expected to move in after Easter.
James Struth, who runs SBLiving with his brother Tim, said: ‘We are really pleased with the sales at The Dutch Quarter Apartments. We always believed this would be a highly desirable place for people to live, close to the historic town centre and in a popular residential area.’
How much is your home worth?
Essex-based Balgores Property Group has launched an unique online tool which allows clients to have instant access to valuations on their home. The Value My Property tool has already attracted thousands of people who are considering selling their house, as well as those who are simply curious about what their property could be worth.
Martin Gibbon, a fellow of the National Association of Estate Agents and group director of Balgores Property Group, said: ‘This is so useful for anyone who is thinking about selling their property. All you have to do is put a few details in about your property and when you might be thinking of selling. The new tool will then produce a valuation price.’