U.K. Property | London, Manchester & Liverpool

U.K New Apartment for Investment:

Manchester - Uptown Riverside

Manchester - Crown Street Manchester

London (Zone 1) - Prince of Wales Drive

London (Zone 2) - Woodberry Down

London (Zone 3) - Grand Union

London (Zone 3) - Anthology Hale Works

London (Zone 3) - Royal Wharf

London (Zone 4) - Royal Arsenal Riverside

London (Zone 4) - Anthology Wembley Parade

Top reasons to buy U.K property

  • London will remain as one of the top global financial centres even after Brexit

  • ​Opportunities in the slow market due to concerns over Brexit

  • Growing urban population leads to high demand in rental property

  • The U.K. is home to some top & best universities in the world that attracts overseas undergraduates

Call Melvin +6591694922 or Whatsapp here

REGISTER INTEREST NOW.

Uptown Riverside | Manchester

Uptown Riverside is located in the heart of Manchester city centre. it comprises three residential towers 6-, 8- & 10-storey with a total of 156 apartment units. Uptown Riverside is walking short walking distance to Manchester Victoria Station. Communal facilities such as gym, concierge services and sky gardens and 44 carpark lots are included. 

Developer: Property Alliance Group Ltd

Tenure: 250-year leasehold

Land Area: BC

Address: TBC 

Estimated Completion Date: Mid 2021

Total Units: 156 apartment units

Price Guide (before 8% discount)

  • 1-Bedroom 549sqft from £215,567 (est. S$384K)

  • 2-Bedroom 799sqft from £300,970 (est. S$536K)

 

Crown Street | Manchester

Located in the "Super Tower District" of Manchester, Crown Street aka Elizabeth Tower is within the "Great Jackson Street" regeneration area close to the Deansgate and Castlefield areas. It comprises a single tower of 52-storey with a total of 664 apartments units that come with the highest swimming pool in Europe on 44th floor, communal gardens and 24/7 concierge.

Developer: Renaker Build Limited

Tenure: 250-year leasehold

Land Area: To be updated

Address: 9 Cargo Square, London E1W 2AA (Wapping) 

Estimated Completion Date: Summer 2022

Total Units: 664 apartment units

Price Guide (before 3% discount)

  • 1-Bedroom 620sqft from £299,278 (est. S$533K)

  • 2-Bedroom 1079sqft from £436,632 (est. S$777K)

  • 3-Bedroom 1246sqft from £483,217 (est. S$860K)

 

Prince of Wales Drive | London

Prince of Wales Drive is perfectly located in Zone 1, in a new transformation cluster of Battersea. Excellent transport link within less than 5-minute walk, provides direct access to both underground & aboveground station, as well as the new Northern Line extension due to open in 2021. Next to Battersea Park. 

Developer: Berkeley Group

Tenure: 999-year leasehold

Address: Battersea SW11 4FA 

Estimated Completion Date: Completed

Total Units: 955 apartment units

Price Guide 

  • 1-Bedroom 630sqft from £804,000 (est. S$1.43M)

  • 2-Bedroom 867sqft from £1,120,000 (est. S$1.99M)

  • 3-Bedroom from TBC

SDLT (Stamp Duty Land Tax) & Buy to Let (BOT)

All freehold residential units will subject to stamp duty up to 12% depends on the tax bands on the full purchase price.  Additional surcharge will be applied on top of the normal SDLT rate for additional property or buy-to-let property. Stamp duty needs to be paid within 14 days after completion of the property purchase.

Stamp Duty for non-UK Residents

From April 2021, non-Uk residents who is non-UK tax residents will have to pay an additional 2 percent stamp duty if the property purchased is in England or Northern Ireland. Thus the new additional stamp duty for overseas investment will be from 5 percent onwards.

Other taxes

As an overseas investor, they must know that there will be other taxes in the United Kingdom to be paid annually like ground rent, rental income tax (deductible, depends on net income after costs), property tax, service fee, the insurance premium etc. The overseas investor may also need to pay the letting agent fee when engaging a local agency to help to rent out the property. Capital Gain Tax (CGT) is on the gains received by the seller when selling or disposing of property.

Refer to below table for tax bands.

Booking & Payment Scheme

Every development will have different booking fees and payment schemes. Below is the general payment scheme when buying U.K property:

- Booking/reservation fee around £2,000 - £5,000

- Sign the exchange contract and pay 10% less booking/reservation fee within 21 days, plus legal fee + VAT 20%

- 10% within 6 months from the exchange contract

- 3-6 months before completion, purchaser to engage banks for mortgage loan

- Pay remainder 80% plus other fees (stamp duty etc) during handover 

Call Melvin +6591694922 or Whatsapp here

REGISTER INTEREST NOW.

Copyright reserved since 2014. All Rights Reserved by Buynewlaunchnow. Disclaimer: Buynewlaunchnow does not guarantee the accuracy, timeliness or reliability of the information, pictures, images within this website. Buynewlaunchnow shall not be responsible for any liability arises from reliance of any information or use of this website for dealings with any third party.

Melvin Wong (65) 91694922 | melvinwong@outlook.com | CEA Reg.No: R050893H | Huttons Asia Pte Ltd  | Licence No: L3008899K |