📈 The Last Hurrah - Case Study 1:

Wednesday 30th June 2021

The SDLT Holiday Gold Rush

Mill Hill East, NW7 2

The NW7 Dash to Completion: When Flipping Truly Peaked

The deadline for the £500,000 Stamp Duty Land Tax (SDLT) nil-rate band on June 30, 2021, marked the end of the most profitable window for flippers in a decade. We had multiple clients on The Ridgeway (NW7 2) scrambling to complete light refurbishment flips on dated 1960s/70s semis before the deadline.

Case Study 1: The Quick Win

Property: Dated semi-detached, Mill Hill East, NW7 2.

Bought: November 2020: £700,000.

Renovation (Robbins Cost): £75,000 (cosmetic kitchen/bathroom, decor).

Sold: June 2021 (before SDLT deadline): £900,000.

Result: The saving on the SDLT holiday (up to £15,000 for the buyer, creating demand) combined with rapid house price growth in 2021 meant this flip was highly profitable, delivering an estimated £75,000+ net profit post-fees. This was the golden age of London flipping.