Stamp Duty on a Marylebone Home
Stamp duty on the £1,500,000 Marylebone benchmark price is £93,750 at standard rates. A first time buyer pays £93,750. A second property or buy to let pays £168,750 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 £1,500,000 Marylebone benchmark price is £93,750 at standard rates. A first time buyer pays £93,750. A second property or buy to let pays £168,750 once the surcharge is added.
What you would pay in Marylebone
On the £1,500,000 benchmark, standard residential stamp duty is £93,750. It is due within 14 days of completion.
First time buyer relief brings it to £93,750 at this price. At this price the relief makes no difference, because the property is above the ceiling where it applies.
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.
Stamp duty at the Marylebone benchmark
The commercial page for this town sets out the introduction itself: Mortgage advice in Marylebone.
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 £1,500,000 benchmark that adds £75,000, taking the bill to £168,750.
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 £93,750 sits alongside a 10% deposit of £150,000 and legal and survey fees. Together that is roughly £246,250 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 Marylebone buyers are budgeting for
The schools families ask about here are Hampden Gurney CofE Primary School, Christ Church Bentinck CofE Primary School, St Vincent's Catholic Primary School, St Edward's Catholic Primary School and The St Marylebone CofE School. 4 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: Bond Street to Liverpool Street takes about 10 min.
By price, Marylebone ranks 12 of the 320 London locations we cover, at £1,500,000 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 Marylebone
Marylebone is a prime central London 'village in the city' of Georgian and Victorian streets, garden squares and mansion blocks.
The full local guide covers schools, transport and the market in detail: Marylebone property and area guide.
| Budget | What it buys here |
|---|---|
| Around £600,000 to £1,000,000 | A studio or one-bedroom flat, often in a period conversion or a mansion block, check the lease length and service charge closely, because both drive the price. |
| Around £1,100,000 to £2,000,000 | A good two-bedroom period or mansion-block flat, the core of the Marylebone market, and where most local buying happens. |
| £2,500,000 and above | A large lateral apartment or, at the top, a whole house on an estate street or garden square, usually long leasehold rather than freehold. |
Marylebone is known locally for The Wallace Collection. The Wallace Collection at Hertford House, Manchester Square, bequeathed to the nation in 1897, free to enter, and one of the finest collections of French eighteenth-century art, porcelain and European arms and armour anywhere in the world.
Practical detail for Marylebone: nearest A and E is St Mary's Hospital, Paddington, or University College Hospital, Euston Road, verify with NHS.
Marylebone has history behind the price. In Medieval, A village around the church of St Mary by the bourne, the River Tyburn, in open country north of the City of London.
Professionals
People who want to walk to work in Mayfair, Fitzrovia or the Harley Street quarter, or take a single direct Elizabeth line ride to the City or Canary Wharf, with a real high street, restaurants and culture on the doorstep rather than a commute at either end of the day.
Downsizers
People leaving a larger London house for a lateral flat with a lift, a porter and everything walkable, Regent's Park for air, two major A&E departments close by, and the lowest council tax Band D in England.
International & pied-a-terre buyers
People wanting a prime, liquid W1 address with genuine neighbourhood amenity, though the additional-property and non-resident SDLT surcharges, service charges and Westminster's second-home premium all need budgeting from the outset.
Marylebone at a glance
| Purchase price | Standard rate |
|---|---|
| £900,000 | £35,000 |
| £1,200,000 | £63,750 |
| £1,500,000 | £93,750 |
| £1,875,000 | £138,750 |
| £2,250,000 | £183,750 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Marylebone
Three details is all we need. You are told before anything is passed to a partner firm.
Your checklist
- Stamp duty of £93,750 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 Marylebone
Broadband speeds can vary street by street in Marylebone, 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 Marylebone?
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 Marylebone?
Read next
Your home may be repossessed if you do not keep up repayments on your mortgage.