Discover the historic town of Newmarket in Suffolk

Discover the historic town of Newmarket in Suffolk

Whether you simply love British Horse Racing or you’re looking for a new home in the heart of the Suffolk countryside, the team at Whately Lane Estate Agents will show you everything Newmarket has to offer.

Property for sale in Newmarket

Beautifully presented two bedroom first-floor apartment in Newmarket
For Sale. First-Floor Apartment. 9 The Gallops, Newmarket

Newmarket is steeped in racing history and examples of its heritage can be seen everywhere you look.

The architecture in Newmarket is predominately late 19th and early 20th century and many of the properties we sell retain the original period features.

If you are looking for a property in Newmarket, we highly recommend this beautifully presented two bedroom, first-floor apartment, with fantastic views over Newmarket’s famous Warren Hill, also known as The Gallops.

Places to visit in Newmarket

At Whatley Lane Estate Agents, we highly recommend a tour of The Jockey Club Rooms, Tattersalls, The National Stud and the famed gallops. The National Stud is the only thoroughbred stud farm in the UK to allow members of the public behind the scenes, so well worth a visit.

The Gallops

If you are up early enough, you might see the thoroughbred’s emerging through town towards the training grounds along the heath, near Warren Hill.

Visitors to Newmarket

Newmarket attracts an array of visitors throughout the year.  We are especially busy during  in July when The Newmarket Racecourse  hosts live gigs for a variety of famous bands and musicians. The line up for The Newmarket Nights 2019 promises live performances from Madness, Rudimental and the Kaiser Chefs.

Her Majesty The Queen is often spotted on unofficial visits to Newmarket

Our historic market town has a lot to offer residents and visitors. Newmarket town centre offers a thriving array of fast-food, fine-dining restaurants, shops and independent cafes.

Newmarket and the surrounding area

If you venture further afield, the surrounding towns and villages offer a variety of activities, attractions and places to visit. Activities include, cycling in Thetford Forest, walks through National Trust Estates and trips to the Norfolk Coast.

Also, you’re only a 20-minute drive from Cambridge, Thetford and Bury St Edmonds, and a 50-minute train journey into London from Newmarket.

If you are looking for a property to buy or rent in Newmarket, contact Whatley Lane Estate Agents on 01638 561 187

Changes to buy-to-let property tax relief

Whether you are seasoned landlord or you’re thinking about investing in your first buy-to-let property, the Lettings team at Whatley Lane Estate Agents recommend that you consider your position carefully.  We also make you aware of recent changes to the buy-to-let property tax changes that may affect your property income.

Since April 2017, HMRC has been gradually restricting the amount of Income Tax Relief landlords can get on residential property finance to the basic rate of tax.

You will have be affected by the changes to buy-let-property taxes if you’re a:

  • UK resident individual that lets residential properties in the UK or overseas
  • non-UK resident individual that lets residential properties in the UK
  • individual who let such properties in partnership
  • trustee or beneficiary of trusts liable for Income Tax on the property profits.

The restricted finance costs include interest on:

  • mortgages
  • loans – including loans to buy furnishings
  • overdrafts

The tax changes do not apply to:

  • UK resident companies
  • non-UK resident companies
  • landlords of Furnished Holiday Lettings

Is it worth setting up a company to manage your buy-to-let properties?  

One solution could be to transfer your properties to a new company.  However, this can crystallise Capital Gains Tax (CGT) and Stamp Duty (SDLT) liabilities.  Depending on your own individual circumstances, it may be possible to reduce (or even eliminate) these tax liabilities but careful planning is needed beforehand.

Whilst achieving full tax relief on loan interest and paying Corporation Tax on net rents at 19% is attractive, please remember that if you want access to the profit in the company, additional tax will also be payable personally.  Also, running a company is administratively burdensome and you will also need to consider the logistics of moving the borrowings.

For more information or guidance on letting a property in the UK, please contact our lettings team on 01638 561187 & 01284 765 256

Top 10 property must-haves for buyers

Are you looking to sell your home this Spring?  You may want to consider the top features buyers look for when buying a property.

At Whatley Lane Estate Agents, we know a thing or two about buying and selling properties in Suffolk.

Our own experience and a recent survey carried out by GoCompare.com confirm that family-friendly and lifestyle features; such as open-plan living, en-suite bathrooms, bath tubs and connected outdoor living spaces remain top of the property wish-list for buyers.

However, you may be surprised to learn that the Top 10 Property ‘Must-Haves’  for buyers also include;

  • a good mobile signal and broadband connection;
  • close proximity to budget supermarkets;
  • a new boiler and efficient heating system;
  • scenic views.

These findings are backed by our own buying and selling experiences for 2018 and it looks as though they will remain the top 10 property must-haves for buyers in 2019.

Generous dual aspect apartment with two spacious en-suite bedrooms, Newmarket Suffolk
Open-plan living, Bury St Edmunds, Suffolk

Energy efficient and sustainable living also rank high with our savvy property buyers, with central heating, double or triple glazing and security taking priority over open-plan living or the proximity to local amenities and schools.

Integrated home technology is also high on the property ‘wish-list’ for buyers this year, with buyers more concerned with the number of electric sockets and connectivity to multiple devices than they are with period features or wooden floors, although the desire to have 2 toilets remains a high-priority for families.

Advice for sellers preparing a property for sale

To reassure our sellers with properties not meeting all the modern demands of buyer’s; aesthetics, personal preference and presentation will always be important in attracting potential buyers.

Decluttering, decorating and presenting rooms for their intended use allows buyers to visualise the space more effectively, giving them the freedom to decide how to make your property work for their lifestyle.

Emotion and how one feels about a property play an important role in the decision to buy a property. There will always be a high demand for period and characterful properties in Suffolk, especially if their rustic, rural charm can be sensitively integrated with modern features.

The top 10 interior trends to watch this spring (cited in Good Homes Magazine, March 2019 edition):

  • Monochrome colours and textures
  • Nordic / Scandi design and features
  • Greys and blacks balanced with crisp white interiors
  • Mixing old with new
  • Indoor Vertical gardens
  • Sustainability and eco-friendly upcycling
  • Clever and hidden storage solutions

At Whatley Lane Estate Agents, we passionately believe that there is a property to suit every lifestyle and taste.

For help in getting your property ready for sale, contact our experienced sales teams in Newmarket on 01638 561187 or Bury St Edmunds on 01284 765256.