Updated October 2026 · Fraser Bond
Buying · 1-bed flats
Buying a 1-bed in London
Leaselength
Servicecharge
FTB reliefstamp duty
Resale& letting
In short: One-bedroom flats are the most common first purchase in London. Beyond price, check the lease length (short leases are harder to mortgage and sell), the service charge and ground rent, building safety information, and whether the flat would let well if you move. First-time buyers may pay less stamp duty, with relief on purchases up to a set price. Fraser Bond helps first-time buyers and investors find and assess flats.
First-time buyer stamp duty (England)
Stamp duty (if eligible for FTB relief)–
From April 2025: 0% up to £300,000 and 5% from £300,001 to £500,000 for eligible first-time buyers; above £500,000 standard rates apply.
Leasehold checklist
Frequently asked questions
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Do first-time buyers pay stamp duty?
Less, on purchases up to £500,000, if eligible.
What lease length is OK?
Longer is better; under 80 years can be costly to extend.
Can Fraser Bond help?
Yes.
Buying your first flat?
Talk to our team or get a free valuation.
Speak to our teamGet a free valuation
