Stamp Duty holiday will fire up Yorkshire housing market – Caedmon Homes
The extension of the Stamp Duty holiday until the end of June is a tremendous boost for both the York and the Yorkshire housing markets, according to a leading North Yorkshire residential property developer.
The three-month extension, announced by Chancellor Rishi Sunak in his Budget, will stimulate demand in York, says Paul Brown, director of Easingwold-based Caedmon Homes.
“The combination of the global pandemic and Brexit has made this a challenging and uncertain time for potential purchasers. Now, as we are slowly but surely emerging from Covid-19, the stamp duty holiday is a very timely and welcome boost.
“York is one of the most attractive, if not the most attractive, city in the UK. But it hasn’t been immune from all the problems of the past 12 months. Now the city is ready to prosper again and there is every sign that its housing market will go into overdrive,” said Mr Brown.
“There is definitely a pent-up demand for quality new homes and apartments in York, given the city’s beauty and history, terrific road and rail links, outstanding private and state school schools and overall quality of life,” he commented.
Caedmon Homes have developed 29 high-quality apartments at St John’s Mews in York on the site of the former Groves House Care Home in Penley’s Grove Street. The one, two and three-bedroom apartments are available for immediate occupation. 15 have already been sold.
To coincide with the stamp duty holiday, Caedmon have slashed prices on three Plots of the Month apartments at St John’s Mews. Two one-bed apartments with gardens are now available at only £195,000 and £215,000; while a two-bed duplex apartment with a terrace is just £325,000.
Other two-bedroom properties range from £275,000 to £360,000 and the three-bedroom properties from £415,000 to £450,000. Secure car parking is available.
A show apartment is available to view through selling agents Preston Baker. Please contact James Baker on 07855 351249 to make an appointment.
Paul Brown commented: “Having already have completed one sale and put a further two apartments under offer during the most recent lockdown, we are well and truly open for business.
“Overall, we have been absolutely delighted with the continuing level of interest and sales rate at St John’s Mews, which are a resounding endorsement of our development.
“We are extremely proud of St John’s Mews, which adds to the excellent reputation of the Groves as one of the city’s most popular residential areas. It is proving to be especially attractive not only to first-time buyers, who are hoping to get a foothold on to the property ladder but to buyers who are looking for a change of lifestyle or retiring to the area,” he explained.
There are still a limited number of studio and one-bedroom properties available with prices ranging from £195,000 to £250,000.
Mr Brown added: “Our show apartment gives prospective buyers the perfect opportunity to view a furnished property. They can also see for themselves the quality of fixtures and fittings within the other individual properties for sale.”
James Baker commented: “We have had some tremendously positive reactions to the development with its location, its views – with York Minster as a backdrop – and the tranquil community feel of the neighbourhood. It has been a pleasure to offer these properties to our very discerning residents.”
York was recently named “the best place to live in Britain” by The Sunday Times due to its “perfect mix of heritage and hi-tech”. The newspaper described it as a “mini-metropolis with cool cafes, destination restaurants, innovative companies – plus the fastest internet in Britain”.
York has also recently been named the most culturally vibrant city in the UK.
Optional: One St John’s Mews resident is Pam Samuel, who commented: “First of all, I liked the fact that St John’s Mews was not a multi-storey building. Also, the location mattered greatly as I wanted to be within walking distance of the city centre.
“I am very happy with my decision to move here. Everyone connected with the building and sale of my apartment has been helpful, friendly and accommodating.
“Both St John’s Mews and my apartment have a good layout and views. The development has been built to allow natural light into every room. High-quality materials and appliances and light-coloured decor makes the apartment and the building pleasing to look at and a pleasure to live in.
“Finally, security was well-considered when building SJM, and it was an aspect that was important to me and that requirement has been fulfilled,” she added. “I would certainly recommended this development to others.”