Downsizing in Bognor Regis: What You Would Actually Release
Selling at the £340,000 Bognor Regis average and buying at £238,000 releases about £91,940 after costs. Fees, stamp duty and moving take roughly £10,060 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 £340,000 Bognor Regis average and buying at £238,000 releases about £91,940 after costs. Fees, stamp duty and moving take roughly £10,060 of it.
Running the downsizing numbers in Bognor Regis
Start with the gap. Selling at £340,000 and buying at 70% of that, £238,000, leaves £102,000 before costs. Costs are the part people underestimate.
Agent fees at 1.5% are £5,100. Stamp duty on the purchase is £2,260. Total £10,060, leaving £91,940 in hand.
Where the sale proceeds go
The commercial page for this town sets out the introduction itself: Equity release in Bognor Regis.
Downsizing against releasing equity
A lifetime mortgage at 65 on the same property would release about £115,600. Downsizing nets £91,940. The difference is that downsizing costs you the house, and equity release costs you the estate.
Over twenty years that £115,600 release grows to roughly £407,333. The downsizing figure does not grow at all, because there is no debt.
What the move costs beyond money
Council tax follows the property, not the person. Band D in West Sussex is £2,539, 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 Bognor Regis looks like
The schools families ask about here are Bognor Regis primary schools, The Regis School, Felpham Community College and University of Chichester (Bognor Regis campus). 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: Transport in Bognor Regis centres on its own station and the coast roads. These indicative times are a starting point, always verify current timetables before relying on a specific journey.
By price, Bognor Regis ranks 33 of the 33 West Sussex locations we cover, at £340,000 against a county average of £486,515. Band D council tax here is £2,539, against an average of £2,488 across the towns we cover in the county.
Is Bognor Regis right to stay in?
Bognor Regis is a sunny, traditional and more affordable seaside resort town.
The full local guide covers schools, transport and the market in detail: Bognor Regis property and area guide.
Moving within West Sussex rather than out of it keeps you near family and known services. The average price across the county towns we cover is £486,515, against £340,000 here.
- A sunny, traditional seaside town
- The beach, the pier & Butlin's
- One of the more affordable coastal markets
- Its own station, direct to London Victoria
- Hotham Park & a university campus
- Parts of the town are being regenerated
- A longer (though direct) London train
- A coastal flood-risk consideration near the sea
- Seafront/older homes need careful survey & checks
- Some areas need viewing in person for character
| Who it suits | Out of five | Why |
|---|---|---|
| First-time buyers | ★★★★★ | One of the more affordable coastal markets in the South East, with flats and terraces by the sea, a genuine way onto the ladder on the coast. |
| Retirees | ★★★★★ | Sunshine, the seafront, the promenade and comparative value, with GP provision locally and Chichester's A&E a short drive, a classic retirement resort. |
| Second-home buyers | ★★★★☆ | A traditional sunny resort with Butlin's and the beach makes it a solid holiday-home and staycation market, though it is more year-round town than exclusive bolthole. |
| Buy-to-let landlords | ★★★★☆ | Affordable stock, the university campus and seasonal demand support lettings, though yields and management depend on the area and property. |
| Commuters | ★★★☆☆ | Its own station reaches London Victoria via Barnham and Gatwick, but it is a longer commute, workable for part-week office days rather than a daily London grind. |
Bognor Regis is known locally for One of the sunniest places in the UK, and Bognor Regis Pier. Bognor Regis is regularly cited among the highest recorded annual sunshine hours in Britain, a defining and much-loved feature of this seaside town.
Practical detail for Bognor Regis: the PO21 & PO22 postcode district, Bognor Regis station, direct to London Victoria (via Barnham, Horsham & Gatwick) and nearest A and E is St Richard's Hospital, Chichester (~6mi), verify with NHS.
Bognor Regis has history behind the price. In 18th century, Sir Richard Hotham begins developing Bognor as a fashionable seaside resort, building Hotham Park.
Bognor Regis at a glance
| Downsizing line | Bognor Regis figure |
|---|---|
| Sale price, local average | £340,000 |
| Purchase at 70% of value | £238,000 |
| Estate agent at 1.5% | £5,100 |
| Stamp duty on purchase | £2,260 |
| Legal and moving | £2,700 |
| Total costs | £10,060 |
| Net released | £91,940 |
| Lifetime mortgage alternative at 65 | £115,600 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Bognor Regis
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 £340,000 average
- The council tax band of the property you are buying
- Total moving costs of about £10,060
- 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 Bognor Regis
Broadband speeds can vary street by street in Bognor Regis, 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 Bognor Regis?
Is downsizing better than equity release?
What are the costs of moving?
How do I check broadband speed at a property in Bognor Regis?
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