£1,100,000
Est. Mortgage £5,017 per month*

3 bedroom villa for sale

Whitby YO21
house house
bedrooms 3 bedrooms

Property description

Each villa features a bespoke kitchen crafted by top interior designers and architects. Custom-built cupboards and curated loose furniture, inspired by the Sea/Moors theme, add a personal touch.

The open-plan kitchen and living areas are flooded with natural light thanks to floor-to-ceiling windows that frame breathtaking views. Each villa includes two or
three bedrooms, with the primary suite offering a luxurious en-suite, a spacious bathroom, and ample outdoor terrace space.

Enjoy the best of the seaside with private front terraces and secluded rear courtyards, perfect for soaking in the coastal ambiance. Saltmoore House’s luxury amenities are just a short walk away.

Each villa comes with private parking. Step outside, breathe in the fresh sea air, and unwind—you’ve found your perfect coastal escape.

To maximise tax efficiencies, freehold plots for each of the holiday homes have been transferred into limited company Special Purpose Vehicles (SPVs) and Construction Agreements put in place between the SPVs and Developer whereby the SPV pays for construction works through a single payment upon completion of the works.

This means the plots can be acquired through share purchases - so the only tax payable is Stamp Duty Reserve Tax (SDRT) at 0.5% on the share purchase price – with the construction works paid through a single payment upon completion. No Stamp Duty or VAT is payable for construction services, meaning taxes as a proportion of the total Purchase Price should be less than 0.1%.

Additionally, holding the holiday homes within a limited company structure allows owners to benefit from full finance cost tax relief going forward – protecting them from changes to Furnished Holiday Let (FHL) tax rules that apply from April 2025.

As the use of the holiday homes is restricted to visitor and cannot be used as a sole or main residence, the properties will be subject to business rates rather than council tax, avoiding the local surcharge on second homes.

LEGAL STRUCTURE:
• The freehold titles for the plots include the following key provisions:
• The right to park a motor vehicle in an allocated space close to the property
• Rights to enjoy the 80-acre wooded estate and communal refuse areas
• Estate Charges payable towards sitewide managed services
• Use as ‘holiday homes’ to be managed by the Estate unless agreed otherwise
• Owners to arrange their own buildings insurance These provisions will ensure a sustainable and wellmanaged Estate , for the collective benefit of the holiday home owners, guests, and businesses alike.

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Whitby YO21

Marketed by

Hendersons - Whitby 21 Flowergate Whitby, North Yorkshire YO21 3BA
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