Stamp Duty set to rise in 2025 — What does this mean for Winchester homebuyers?

In the recent Autumn budget, the Chancellor announced that Stamp Duty Land Tax (SDLT) rates will return to their pre-pandemic levels in Spring 2025. This means that anyone buying a residential property after this date will face higher Stamp Duty charges. If you're considering moving home, acting sooner rather than later could save you thousands.

While this change might seem far off, the timeline for buying and moving into a home can often be longer than anticipated, making now a good time to start the process if you’re aiming to avoid higher SDLT rates. For those in Winchester or the surrounding areas, where property prices are often higher than the national average, the potential savings are significant.

To help give you a clearer picture, we’ve reviewed the average house prices in Winchester*, from flats to detached homes, and broken down what the Stamp Duty costs would look like both before and after the rate changes. This information can help you plan your next move and make the most of current Stamp Duty savings.

*The average house price information for Winchester is from the Office for National Statistics (ONS) website

If you’re curious about how these changes might affect you, or if you're ready to take the next step, our team is here to guide you through the process. Don’t hesitate to reach out for personalised advice on buying your next home in Winchester!