Downsizing in Blackmore: What You Would Actually Release
Selling at the £700,000 Blackmore average and buying at £490,000 releases about £182,300 after costs. Fees, stamp duty and moving take roughly £27,700 of it.
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
Selling at the £700,000 Blackmore average and buying at £490,000 releases about £182,300 after costs. Fees, stamp duty and moving take roughly £27,700 of it.
The downsizing sum for Blackmore
Start with the gap. Selling at £700,000 and buying at 70% of that, £490,000, leaves £210,000 before costs. Costs are the part people underestimate.
Agent fees at 1.5% are £10,500. Stamp duty on the purchase is £14,500. Total £27,700, leaving £182,300 in hand.
Where the sale proceeds go
The commercial page for this town sets out the introduction itself: Equity release in Blackmore.
Downsizing against releasing equity
A lifetime mortgage at 65 on the same property would release about £238,000. Downsizing nets £182,300. The difference is that downsizing costs you the house, and equity release costs you the estate.
Over twenty years that £238,000 release grows to roughly £838,628. The downsizing figure does not grow at all, because there is no debt.
The parts of downsizing that are not financial
Council tax follows the property, not the person. Band D in Blackmore is £2,308, and a smaller home may sit in a lower band. Check the band before you offer, not after.
Downsizing works best when you are not in a hurry.
What a move within Blackmore looks like
The schools families ask about here are Blackmore Primary School, Secondary schools (Ingatestone & Brentwood), Brentwood School and Essex grammar schools. 1 local school was rated Good or Outstanding overall at its most recent graded Ofsted inspection. Ratings age between inspections, so read the latest report before you rely on one.
On getting about: Blackmore to Ingatestone station takes about 10 min drive.
By price, Blackmore ranks 10 of the 200 Essex locations we cover, at £700,000 against a county average of £520,425. Band D council tax here is £2,308, against an average of £2,301 across the towns we cover in the county.
Is Blackmore right to stay in?
Blackmore is a picturesque, sought-after green-belt village.
The full local guide covers schools, transport and the market in detail: Blackmore property and area guide.
Moving within Essex rather than out of it keeps you near family and known services. The average price across the county towns we cover is £520,425, against £700,000 here.
- A picturesque, historic village
- St Laurence Church, Jericho & the green
- Green-belt countryside all around
- A strong village community & pubs
- Good schools & the towns near by
- Prices well above the national average
- No railway station in the village itself
- A car is genuinely useful here
- Larger period & country homes mean substantial lending
- Period/listed/timber-framed homes need careful survey & checks
| Who it suits | Out of five | Why |
|---|---|---|
| Downsizers | ★★★★☆ | Period cottages, village life and history appeal, though prices are well above average and amenities are village-scale. |
| Families | ★★★★★ | A village primary, a strong community, green-belt space and good secondaries and Brentwood School near by, ideal for family life. |
| Upsizers | ★★★★★ | Larger period and detached homes with room and character, a natural upsizing destination within reach of Brentwood and Chelmsford. |
| Commuters | ★★★☆☆ | No village station, you drive ~10 min to Ingatestone (main line) or to Shenfield (Elizabeth line); fine if you will drive to the train. |
| First-time buyers | ★★☆☆☆ | An affluent, sought-after market where entry cottages are limited and command a premium, a stretch for most first-timers. |
Blackmore is known locally for St Laurence Church. The remarkable parish church, whose timber-framed medieval bell tower is one of the finest in the country, a genuine landmark and the glory of Blackmore.
Practical detail for Blackmore: the CM4 postcode district, no village station, Ingatestone (main line) & Shenfield (Elizabeth line) a short drive and nearest A and E is Basildon University Hospital (Broomfield Chelmsford / Queen's Romford also in reach), verify with NHS.
Blackmore has history behind the price. In 12th century, Blackmore Priory, a house of Augustinian canons, is founded; the village grows around it.
Blackmore at a glance
| Downsizing line | Blackmore figure |
|---|---|
| Sale price, local average | £700,000 |
| Purchase at 70% of value | £490,000 |
| Estate agent at 1.5% | £10,500 |
| Stamp duty on purchase | £14,500 |
| Legal and moving | £2,700 |
| Total costs | £27,700 |
| Net released | £182,300 |
| Lifetime mortgage alternative at 65 | £238,000 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Blackmore
Three details is all we need. You are told before anything is passed to a partner firm.
Your checklist
- A real valuation of your home, not the £700,000 average
- The council tax band of the property you are buying
- Total moving costs of about £27,700
- The equity release comparison, in writing, before you decide
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
Check broadband before you make an offer in Blackmore
Broadband speeds can vary street by street in Blackmore, so check the exact address before you commit. Ofcom's free checker shows which broadband speeds and mobile coverage are available at any UK property.
We can introduce you to a specialist who can combine your mobile, broadband and utilities into one bill. There's no fee for the introduction.
We don't provide these services ourselves. Switching household bills is not a regulated financial service, so FCA protections and the Financial Ombudsman do not apply. We'll only pass your details to the specialist if you ask us to. See our privacy notice.
Questions people ask
How much would I release by downsizing in Blackmore?
Is downsizing better than equity release?
What are the costs of moving?
How do I check broadband speed at a property in Blackmore?
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