The smarter way to invest in a holiday let or holiday home
The Norfolk Agents are very excited to bring to the market executive holiday lodges in two very sought-after locations.
I could go straight into the full descriptions of the lodges and why the locations are so perfect but what I really want to tell you is why these would be a much smarter way to invest your money.
1. No stamp duty to pay
Based on figures from GOV.UK on the 8th of November 2022. The stamp duty land tax rate for second home owners is 3% up to £250,000 and 8% above 250,000 and up to 925,000. This means if you were to purchase a freehold residential property at £400,000. You would need to pay £19,500 in stamp duty land tax. If you were to purchase one of our lodges, the total SDLT due is £0.
Calculation as of 08/11/2022
2. No lengthy conveyancing process involved
The average time for a property transaction at the moment if 4-5 months. The purchase of a lodge is a simple, quick transaction and if you buy from stock, you could have the keys in your hand in as little as a week!
3. Fully furnished with fitted appliances at standard.
All lodges come fully furnished to a high standard, this means you haven’t got all of the worry and stress of furnishing the property before you can use it. If you do like to have a say, there are different packages you can choose from if buying off plan.
4. Great rental return
Our friends over at Norfolk Cottages have kindly appraised the lodges in Burnham Market for us to give you an idea on what you could achieve, the below is based on a 3-bedroom lodge.
Our friends over at Suffolk Secrets have appraised the lodges in Aldeburgh for us and have advised you could achieve the below based on a 3-Bedroom lodge that sleeps 6.
The village of Burnham Market is one of Norfolk's most highly sought-after locations and Aldeburgh is one of Suffolk’s. Both have an array of shops, cafes and pubs which would keep you absorbed for hours. Burnham Market shops include a traditional post office, butcher, hardware shop, fish shop and chemist, as well as over 30 independent shops, beauty salons and galleries.
Beyond the town in Aldeburgh, you are surrounded by open fields and stunning beaches. There is plenty to keep you busy from lovely walks around Lakelands, visiting Aldeburgh's historic Martello Tower or braving the seas at the sailing club.
What are you waiting for? Enquire today.
08081689134
enquiries@thenorfolkagents.co.uk
