Revealed: where downsizing can unlock £400k – even after stamp duty

Moving from a four-bedroom family home to a two-bedroom flat could unleash more than £414,000 for downsizers even after stamp duty, analysis suggests. Cutting down from a four-bedroom house worth £904,778 to two bedrooms in London could net house sellers up to £414,000, whereas those selling in the capital to move to the North East could make up to 85pc of their property’s value, or £771,097. The most lucrative place to downsize is in the North East, where homeowners can recoup up to 56pc of their home’s value by moving from a four-bed worth £294,736 to a two-bedroom house with £118,795. In the South East, the West Midlands, the East Midlands, the North West, Yorkshire and the Humber, Wales, the North East and Scotland, homeowners can make more than 50pc profit by downsizing from an average four-bed to an average two-bed, according to analysis by consumer group Which?. This leaves many of those downsizing with enough to achieve a “moderate” lifestyle in retirement, according to separate analysis from pension provider AJ Bell. It found that retirees needed a pot of at least £490,000 for their retirement. It comes amid calls for stamp duty, which is paid in most cases when...

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