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The latest from Flick & Son with our Spring Stocktake, Changes to Capital Gains Tax news and properties for sale and to let in Saxmundham, Benhall Green, Thorpeness, Aldringham, Southwold, Frostenden, Leiston and Melton.
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Spring Stocktake

Now that the election is over it is a good time to take stock of the housing market. 

At Flick & Son, we’ve been poring over some new data made available by the Land Registry, which makes it much easier to assess how the market is performing now and over the past few years.

Our area covers some real property hotspots so there can be significant fluctuations in average prices, but it also means you may be able to live close to a location you thought was out of reach. 

As you can see from the map below, there is plenty of great value in some of our wonderful Suffolk villages. 
Flick & Son are market leaders in this area because our local knowledge and experience is second to none.  We can guide you towards the location that fits you perfectly.

Average property price map

We have also been looking back at how property prices in the Flick & Son area have performed over the last 10 years.  The graph shows a good performance and healthy market growth, remaining remarkably resilient through and beyond the downturn near the end of the last decade. 

Across the whole area, we have seen an average price increase of 30% over 10 years, a clear indicator that property in our part of Suffolk remains a solid, stable investment.

Please look at our new website  to explore some of the great new instructions we have to offer.  If you are thinking of selling, remember Flick & Son may already have a buyer in mind for your property.  Contact us today for a free appraisal.    

Changes to Capital Gains Tax on Residential Properties

Since 1982 Capital Gains has been charged on gains enjoyed by all UK residents on the sale or transfer of all residential properties not occupied as the owner’s principal residence at a rate of 18% for basic rate tax payers and 28% for those paying tax at higher rates. Until this year though Capital Gains on the transfer of a residential property only applied to UK residents and non-UK residents selling a second home or an investment property in the UK were exempt.

New rules now mean that as of 6th April 2015 non-UK resident individuals, trustees, fund structures and companies will have to pay Capital Gains Tax on the disposal or transfer of UK residential property, including rental properties, on any gain due to an increase in value of their property from 6th April 2015 onwards.

Many non-UK residents have owned properties in the UK for many years and will want to be sure that any increase in value enjoyed before 6th April 2015 can be differentiated from increases enjoyed post 6th April 2015 as the latter will attract Capital Gains Taxation and the former will not.

Now is the time to have your property valued if you are a non–dom UK property owner to avoid uncertainty in future years. Many non UK residents with properties in the UK are arranging for them to be valued whilst 6th April 2015 values are still easily assessed.

Flick & Son provide a Chartered Valuation Surveyor service for the formal valuation of residential property for capital taxation purposes, whether for CGT or IHT so if you are affected by this change in the Capital Gains Tax legislation or indeed if you require a valuation for any Capital Taxation purpose please contact Peter Watson FRICS, an RICS Registered Valuer, on 01728 452469.

To see our latest properties please visit www.flickandson.co.uk

Featured properties this month

Saxmundham

Saxmundham  |  £795,000

An exceptional eight bedroom Grade II* Listed town house of 17th Century origins in established walled gardens, eight bedrooms, five bathrooms, six reception rooms together with a delightful two bedroom cottage annexe.
More details
Thorpeness

Thorpeness  |  £250,000

Ideal lock-up-and-leave bolthole first floor apartment with views from the balcony toward The Meare. One bedroom, living area with kitchen, bedroom, shower room and parking. EPC Rating C.
More details
Southwold

Southwold  |  £420,000

A delightful contemporary two bedroom ground floor apartment with sea views. With one reception room, kitchen/dining room, bathroom, gas c/h and d/g. EPC Rating C.
More details
Frostenden

Frostenden  |  £995,000

A beautifully appointed five bedroom barn conversion together with a separate two bedroom cottage, situated in a tranquil setting. In grounds of approx. 1.5 acres (sts). EPC Rating D.
More details
Melton

Melton  |  £1,100 pcm

Three bed / three bath unfurnished town house in Melton Park with garage & gardens. Set in 50 acres of surrounding parkland. EPC Rating C. (Tenants Fees Apply).
More details
Benhall Green

Benhall Green  |  £435,000

A charming and delightfully secluded detached property, three bedrooms, one reception, open plan kitchen/living/dining room, two bath/showers (two e/s), oil c/h, secluded gardens and cart lodge. EPC Rating E.
More details
Aldringham

Aldringham  |  £315,000

A deceptively spacious, well appointed modern detached bungalow. Two bedrooms, one reception, kitchen/dining room, two bath/showers, southwest facing garden and parking. EPC Rating C.
More details
Southwold

Southwold  |  £365,000

A delightful and well presented cottage, within a short stroll of the High Street. Three bedrooms, two receptions, kitchen, bathroom, gas c/h and courtyard garden. EPC Rating D.
More details
Leiston

Leiston  |  £145,000

A mid terrace property in a cul-de-sac location. Three bedrooms, one reception, kitchen/dining room, bathroom, gas c/h, d/g, enclosed garden to rear and off road parking.  EPC Rating C.
More details
Saxmundham

Saxmundham  |  £695 pcm

Brand new unfurnished three bedroom end of terrace house with gardens and parking for two cars. On new estate close to town centre. EPC Rating C. (Tenants Fees Apply).
More details
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