Stamp duty explained for Wandsworth buyers

Buying in Wandsworth is exciting, but stamp duty is one cost you should understand before making an offer. In London, Stamp Duty Land Tax applies when you buy a residential property over the current threshold. For a main home, you pay 0% up to £125,000, 2% from £125,001 to £250,000, 5% from £250,001 to £925,000, 10% from £925,001 to £1.5 million and 12% above that.

First-time buyers pay no stamp duty up to £300,000, then 5% from £300,001 to £500,000. If the property is over £500,000, first-time buyer relief does not apply. 

What this means in Wandsworth

Wandsworth prices are often above the first-time buyer relief limit. The average house price in Wandsworth was £678,000 in February 2026, while first-time buyers paid an average of £573,000. That means stamp duty can make a noticeable difference to your buying budget. 

Before viewing homes, it is worth checking properties for sale, reading the buyers guidance and choosing a clear budget. You can also register your details so suitable Wandsworth homes can be matched to you early.

Other stamp duty points to remember

If you are buying an additional home or buy-to-let property, you will usually pay an extra 5% on top of the standard rates. Non-UK residents may also pay a 2% surcharge. These costs should be considered alongside your deposit, mortgage, survey, legal fees and moving costs.

If you are comparing buying with renting, you may find the properties to let page useful. If you are buying as an investment, the rental yield calculator can help you think more clearly about returns.

For local guidance, explore the company profile, read recent updates on the blog, view testimonials or browse commercial properties for sale.

Ready to move? Contact Lets Find A Home today for friendly Wandsworth property advice.