Blog Post

Downsizing opportunities

TomS - Head Tom Simper Jan 9, 2023, 14:00 PM
290_Dataloft_inform_Insight

Downsizing to a smaller home can be an opportunity for those looking to save money, and enjoy the equity freed from their home sale. The average price difference between a 3+ bed house and a 2-bed flat in the UK is £161,728.

The scale of equity released by downsizing is most significant in London and the South East, with an average equity release of £516,436 and £342,291 respectively.

All UK regions, with just one exception have a price difference between a 3+ bed house and a 2-bed flat of over £100,000.

Those with significant housing equity are often able to downsize to a property with less maintenance and enjoy a better lifestyle. Cash released may be used to help children and grandchildren onto the property ladder. Source: Dataloft, Land Registry (12 months to end of December)

Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"I would like to thank Abbey for all her help and support she offered"

- Marie

"Great experience with Peter Anthony! Yaseen Hassan was professional, responsive, and incredibly helpful"

- Samuel Benedict

"Would highly recommend Peter Anthony when selling your property."

- Gwen

"Very good estate agency"

- Junaid

"Excellent service, quick to find tenants and organising final checks, no complaints so far!"

- Steve

"Yaseen was a truly amazing agent."

- Yasuhira Nomura

"Abby was prompt to respond to inquiries and very pleasant"

- Christian

"Abbey was very friendly and helpful"

- Sandra