Stamp Duty on a Lyme Regis Home
Stamp duty on the £509,500 Lyme Regis benchmark price is £15,475 at standard rates. A first time buyer pays £15,475. A second property or buy to let pays £40,950 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 £509,500 Lyme Regis benchmark price is £15,475 at standard rates. A first time buyer pays £15,475. A second property or buy to let pays £40,950 once the surcharge is added.
What you would pay in Lyme Regis
On the £509,500 benchmark, standard residential stamp duty is £15,475. It is due within 14 days of completion.
First time buyer relief brings it to £15,475 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 Lyme Regis benchmark
The commercial page for this town sets out the introduction itself: Mortgage advice in Lyme Regis.
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 £509,500 benchmark that adds £25,475, taking the bill to £40,950.
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.
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.
Where it sits in your cash pile
Stamp duty of £15,475 sits alongside a 10% deposit of £50,950 and legal and survey fees. Together that is roughly £68,925 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 Lyme Regis buyers are budgeting for
The schools families ask about here are The Woodroffe School, St Michael's CofE Primary Academy, Village primaries (nearby) and Further options (the area). 1 local school was rated Good or Outstanding overall at its most recent graded Ofsted inspection. Ratings age between inspections, so read the latest report before you rely on one.
On getting about: Lyme Regis is a remote, hilly corner of far-west Dorset with no station of its own, so realistic journey planning matters. These indicative times are a starting point, always verify current timetables.
By price, Lyme Regis ranks 1 of the 14 Dorset locations we cover, at £509,500 against a county average of £366,571. Band D council tax here is £2,300, against an average of £2,467 across the towns we cover in the county.
What that price buys in Lyme Regis
The full local guide covers schools, transport and the market in detail: Lyme Regis property and area guide.
| Budget | What it buys here |
|---|---|
| Around £300,000 to £400,000 | Typically a flat or apartment (including seafront conversions), or a smaller terraced cottage, the most accessible way into the town, though check lease terms and any coastal exposure. |
| Around £450,000 to £600,000 | A period town house or cottage in or near the old town, or a comfortable semi or modern detached home on the higher ground, the heart of the local market. |
| £700,000 and above | Larger detached and sea-view houses, and the best positions on the hillside above the bay, the premium end, where the Cobb-and-coast views command a real premium. |
Lyme Regis is known locally for Mary Anning (1799 to 1847), and Lyme Regis Museum & Fossil Festival. Born in Lyme, the pioneering fossil hunter who found the first ichthyosaur and plesiosaur skeletons and helped found the science of palaeontology, celebrated at the Lyme Regis Museum, on the site of her birthplace.
Practical detail for Lyme Regis: the DT7 postcode district.
Lyme Regis has history behind the price. In 1284, Lyme granted its royal charter by Edward I, hence "Regis", of the King, and grows into a major medieval port.
Coast & retirement movers
People drawn by the beauty of the town, the beach and the Jurassic Coast, including many retiring or semi-retiring to one of England's loveliest resorts.
Second-home & holiday-let buyers
A strong second-home and holiday-let market (mindful of its impact on local buyers), reflected in prices and the additional-property stamp-duty rules.
Creatives & nature lovers
Artists, writers, fossil-hunters and walkers drawn by the coast, the light and the town's long creative and scientific heritage.
Lyme Regis at a glance
| Purchase price | Standard rate |
|---|---|
| £305,000 | £5,250 |
| £410,000 | £10,500 |
| £509,500 | £15,475 |
| £510,000 | £15,500 |
| £635,000 | £21,750 |
| £765,000 | £28,250 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Lyme Regis
Three details is all we need. You are told before anything is passed to a partner firm.
Your checklist
- Stamp duty of £15,475 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 Lyme Regis
Broadband speeds can vary street by street in Lyme Regis, 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 Lyme Regis?
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 Lyme Regis?
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