Stamp Duty Overhaul Welcomed

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  • SDLT_Pervaiz_Naviede_Family_Trust

    Stamp Duty Overhaul Welcomed

    Chancellor George Osborne surprised many during yesterday’s Autumn Statement by announcing an overhaul of Stamp Duty, a move which is estimated to benefit up to 98% of home buyers. Previously, Stamp Duty Land Tax (SDLT) was payable by the majority of people purchasing a residential property in the UK. The amount charged varied depending on the purchase price of the property so a home bought for £125,000 was exempt from [...]

  • K's Pharmacy at Radclyffe Park

    Salford Scheme Bucks Trend of ‘Boarded up Britain’

    A retail development in Salford is bucking the trend for vacant shops with three deals signed in recent months. According to recent figures released by the British Retail Consortium almost a third of shops are currently sitting empty caused by a number of factors including consumers preferring out of town retail parks, the ease of online shopping and high parking charges. The figures suggested the issue was particularly acute in [...]

  • Hulton Square

    Salford Revealed as UK’s Property Hotspot

    To many people Salford once brought to mind red-bricked terrace houses. Lowry’s matchstick men paintings and industrial cotton mills. Yet in recent years the city has undergone a staggering transformation and as a result has this week been revealed as Britain’s fastest growing property hotspot. According to figures from property website Zoopla, reported in The Telegraph, house prices in Salford have grown by 12% in the first six months of [...]

  • Crofton Estate Liverpool

    Pervaiz Naviede Family Trust secures fourth Liverpool site for £4.2m

    The Pervaiz Naviede Family Trust has added the stunning Crofton Hall in Aigburth to its residential property portfolio. The £4.2m acquisition comprises 26 properties set in a 2.5 acre estate, including the original mansion house with 11 apartments, and a further 15 houses within the elegant grounds. One of the houses is part refurbished and offers an immediate opportunity to increase the value of the estate. Currently 21 of the [...]

  • Corbar Hill House in Buxton

    Pervaiz Naviede Family Trust Completes First Derbyshire Deal

    The Pervaiz Naviede Family Trust has completed its first ever acquisition in Derbyshire taking the value of its private rented sector (PRS) portfolio to more than £70m. The global investor has purchased the Grade II-listed Corbar Hill House in Buxton and two neighbouring new build blocks, Wye House A and B, for £2million. Today’s deal includes the purchase of 20 apartments, 11 of which are currently let, and the freehold [...]

  • Quay 5

    Former Ordsall Marketing Suite to Make Way for New Homes

    Salford-based developer LPC Living has announced plans to clear a brownfield site in Ordsall to make way for a new housing scheme. The site, located at the junction of Ordsall Lane and Oldfield Road, has been home to the Heart of Ordsall marketing suite since 2005. The temporary building was constructed by LPC Living to promote the ambitious plans to regenerate the 180 acre estate in partnership with Salford City [...]

  • Wheelie Bins

    A Wheelie Big Challenge

    Bins can be, well, a bit rubbish but they pose an increasing challenge for housebuilders when it comes to providing adequate refuse areas for new homes. While the majority of councils have policies in place to ensure new homes being put forward have adequate space for household waste storage, many others don’t. The result is so-called ‘bin blight’ when bins and recycling storage are cluttering up front gardens, driveways and [...]

  • Stamp Duty

    The Secrets of Stamp Duty

    Once again, stamp duty has hit the headlines with reports released this week suggesting the tax paid when buying a property is damaging the housing market. Stamp Duty Land Tax, or SDLT, is charged by the Government on any residential property sold for more than £125,000 and is estimated to raise more than £3bn for the Treasury each year. The amount charged varies on the price paid for a property [...]

  • Shops to Homes Plans Cautiously Welcomed by LPC

    Government plans to allow local authorities to convert swathes of empty high street shops have been cautiously welcomed by LPC Living. Accordingly to The Telegraph, a consultation paper by planning minister Nick Boles  will be issued later this week which will encourage local authorities to concentrate shopping facilities within a couple of high streets. All other areas could be converted to housing. With an estimated 14% of the country’s shops [...]

  • The Clock Tower of the Guildhall in Hull Yorkshire

    Trust Makes Bid for Hull Site

    The Pervaiz Naviede Family Trust (PNFT) has today submitted an offer for a residential investment in the city of Hull which is being sold by Eddisons on behalf of receivers. Manchester-based agents Zameero Ltd made the bid on the ‘Urban One’ development on Spring Street located 500 metres north of the city’s railway station and a short walk from St Stephen’s Shopping Centre. The investment comprises 34 apartments including the freehold with an estimated rental [...]

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