Stamp Duty on a Fitzrovia Home
Stamp duty on the £1,300,000 Fitzrovia benchmark price is £73,750 at standard rates. A first time buyer pays £73,750. A second property or buy to let pays £138,750 once the surcharge is added.
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
Stamp duty on the £1,300,000 Fitzrovia benchmark price is £73,750 at standard rates. A first time buyer pays £73,750. A second property or buy to let pays £138,750 once the surcharge is added.
What you would pay in Fitzrovia
On the £1,300,000 benchmark, standard residential stamp duty is £73,750. It is due within 14 days of completion.
First time buyer relief brings it to £73,750 at this price. At this price the relief makes no difference, because the property is above the ceiling where it applies.
Stamp duty at the Fitzrovia benchmark
The commercial page for this town sets out the introduction itself: Mortgage advice in Fitzrovia.
The surcharge that catches people out
If you will still own another residential property worth £40,000 or more anywhere in the world after you buy, the additional property surcharge usually applies. On the £1,300,000 benchmark that adds £65,000, taking the bill to £138,750.
It catches people mid move, when the old home has not sold. You can usually reclaim the surcharge if you sell the previous main residence within the time limit. Budget for it anyway.
Where it sits in your cash pile
Stamp duty of £73,750 sits alongside a 10% deposit of £130,000 and legal and survey fees. Together that is roughly £206,250 before you own anything.
Rates are those in force from April 2025. Thresholds change with fiscal events, so confirm the current position on gov.uk before you exchange.
What else Fitzrovia buyers are budgeting for
The schools families ask about here are All Souls CofE Primary School, Christ Church Bentinck CofE Primary School, The St Marylebone CofE School, Westminster City School and The Grey Coat Hospital. 2 local schools were rated Good or Outstanding overall at their most recent graded Ofsted inspection. Ratings age between inspections, so read the latest report before you rely on one.
On getting about: Fitzrovia to Goodge Street (walk) takes about 2 to 7 min.
By price, Fitzrovia ranks 14 of the 320 London locations we cover, at £1,300,000 against a county average of £732,469. Band D council tax here is £1,048, against an average of £2,121 across the towns we cover in the county.
What that price buys in Fitzrovia
Fitzrovia is a quiet, handsome, medical and media district of Georgian terraces, mansion blocks and new-build, the calmest of the central West End districts.
The full local guide covers schools, transport and the market in detail: Fitzrovia property and area guide.
Local prices sit above the first time buyer relief ceiling of £500,000, so relief will not help on a typical purchase here. That is a real disadvantage for first buyers in this area.
| Budget | What it buys here |
|---|---|
| Around £650,000 to £1,000,000 | A studio or one-bedroom flat, typically in a period conversion and often above a commercial unit, the entry point, and the purchase where lender criteria matter most. |
| Around £1,000,000 to £1,900,000 | A two-bedroom flat in a period conversion or mansion block, the mainstream Fitzrovia purchase. |
| £2,000,000 and above | A new-build or lateral apartment, often at Fitzroy Place or a comparable scheme, with concierge, a long lease, modern specification and generally the most straightforward mortgage in the district. |
Fitzrovia is known locally for The BT Tower, and The Fitzrovia Chapel. The Grade II listed tower on Cleveland Street, opened in 1965 as the Post Office Tower and for years the tallest building in Britain, the landmark by which Fitzrovia is recognised across London.
Practical detail for Fitzrovia: the W1T and W1W postcode district and nearest A and E is University College Hospital, Euston Road, on the district's northern edge; verify with NHS.
Fitzrovia has history behind the price. In 1745, The Middlesex Hospital is founded, later rebuilt on Mortimer Street, the beginning of the medical character that still defines the district.
Medical & university professionals
People working at University College Hospital, UCL or on the Harley Street consulting fringe, Fitzrovia's defining resident group, and the reason its rental market is so stable.
Media, advertising & creative professionals
People working along Charlotte Street and Tottenham Court Road in advertising, design, publishing and technology, a cluster that has defined the district since the mid-twentieth century.
Pied-a-terre buyers & investors
People wanting a calmer, more discreet central base than Soho or Covent Garden, or a steady professional letting, provided they understand Westminster's 100% second-home premium, the commercial-premises lending rules and the short-let restrictions.
Fitzrovia at a glance
| Purchase price | Standard rate |
|---|---|
| £780,000 | £29,000 |
| £1,040,000 | £47,750 |
| £1,300,000 | £73,750 |
| £1,625,000 | £108,750 |
| £1,950,000 | £147,750 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Fitzrovia
Three details is all we need. You are told before anything is passed to a partner firm.
Your checklist
- Stamp duty of £73,750 treated as cash, not borrowing
- Your first time buyer status confirmed in writing
- The surcharge checked if you own anything else
- Current rates verified on gov.uk before exchange
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
Check broadband before you make an offer in Fitzrovia
Broadband speeds can vary street by street in Fitzrovia, so check the exact address before you commit. Ofcom's free checker shows which broadband speeds and mobile coverage are available at any UK property.
We can introduce you to a specialist who can combine your mobile, broadband and utilities into one bill. There's no fee for the introduction.
We don't provide these services ourselves. Switching household bills is not a regulated financial service, so FCA protections and the Financial Ombudsman do not apply. We'll only pass your details to the specialist if you ask us to. See our privacy notice.
Questions people ask
How much is stamp duty on a house in Fitzrovia?
Do first time buyers pay stamp duty here?
What if I already own a property?
How do I check broadband speed at a property in Fitzrovia?
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