Downsizing in Bounds Green: What You Would Actually Release
Selling at the £600,000 Bounds Green average and buying at £420,000 releases about £157,300 after costs. Fees, stamp duty and moving take roughly £22,700 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 £600,000 Bounds Green average and buying at £420,000 releases about £157,300 after costs. Fees, stamp duty and moving take roughly £22,700 of it.
What a Bounds Green move actually releases
Start with the gap. Selling at £600,000 and buying at 70% of that, £420,000, leaves £180,000 before costs. Costs are the part people underestimate.
Agent fees at 1.5% are £9,000. Stamp duty on the purchase is £11,000. Total £22,700, leaving £157,300 in hand.
Where the sale proceeds go
The commercial page for this town sets out the introduction itself: Equity release in Bounds Green.
Downsizing against releasing equity
A lifetime mortgage at 65 on the same property would release about £204,000. Downsizing nets £157,300. The difference is that downsizing costs you the house, and equity release costs you the estate.
Over twenty years that £204,000 release grows to roughly £718,824. 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 Bounds Green is £2,314, 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 Bounds Green looks like
The schools families ask about here are Bounds Green Infant School, Bounds Green Junior School, Alexandra Primary School, Rhodes Avenue Primary School and Alexandra Park School. 4 local schools were rated Good or Outstanding overall at their most recent graded Ofsted inspection. Ratings age between inspections, so read the latest report before you rely on one.
On getting about: Transport in Bounds Green is a real strength, the Piccadilly line and fast road links. These indicative times are a starting point, always verify current timetables before relying on a specific journey.
By price, Bounds Green ranks 159 of the 320 London locations we cover, at £600,000 against a county average of £732,469. Band D council tax here is £2,314, against an average of £2,121 across the towns we cover in the county.
Is Bounds Green right to stay in?
Bounds Green is an established, diverse and relatively affordable Piccadilly-line district of north London.
The full local guide covers schools, transport and the market in detail: Bounds Green property and area guide.
Moving within London rather than out of it keeps you near family and known services. The average price across the county towns we cover is £732,469, against £600,000 here.
- A relatively affordable Haringey district
- Bounds Green on the Piccadilly line
- Bounds Green Infant is Outstanding; Alexandra Park School is Outstanding
- Alexandra Palace & Park close by
- Bounds Green Park, Durnsford Rec & Alexandra Park
- A busy district near big roads
- London prices for the space
- Traffic and noise on the North Circular / Bounds Green Road
- Flats and converted flats need lease checks
- Surface-water flood risk near the culverted brooks
| Who it suits | Out of five | Why |
|---|---|---|
| First-time buyers | ★★★★★ | One of the more affordable ways into the London Borough of Haringey, purpose-built and converted flats from around £350,000 to £475,000 and terraces below Muswell Hill and Crouch End prices, all on the Piccadilly line. |
| Commuters | ★★★★★ | Bounds Green is on the Piccadilly line (Zone 3), direct into King's Cross St Pancras, the West End (Covent Garden, Leicester Square, Green Park) and out to Heathrow, a fast, frequent commute with no need to change. |
| Families | ★★★★☆ | Bounds Green Infant is Outstanding, Alexandra Park School is an Outstanding secondary, with Bounds Green Park, Durnsford Rec and Alexandra Park close by, a strong family district, if one to weigh against the busy roads and mostly terraced housing. |
| Young professionals | ★★★★☆ | Relatively good value, superbly connected, diverse and lively, with Wood Green, Muswell Hill and Alexandra Palace all close, well suited to professionals, if quieter for nightlife than Crouch End or central London. |
| Buy-to-let landlords | ★★★★☆ | Strong, steady rental demand from commuters, young professionals and sharers drawn by the Piccadilly line and relative affordability, though yields, lease terms and the usual regulation and tax changes need careful thought. |
Bounds Green is known locally for Alexandra Palace. Alexandra Palace ('Ally Pally') on the hill above, a Victorian people's palace, birthplace of the world's first regular high-definition television broadcasts, and today a much-loved concert, events, ice-rink and park destination.
Practical detail for Bounds Green: the N11 (part N22) postcode district, Bounds Green (Piccadilly line, Zone 3), direct to King's Cross, the West End & Heathrow; Wood Green & Arnos Grove close and nearest A and E is North Middlesex University Hospital (Edmonton) or the Whittington (Archway), a drive; verify with NHS.
Bounds Green has history behind the price. In Medieval, Named after the Le Bounde family, recorded in the 14th century; farms and green lanes on the edge of the ancient parish of Tottenham in rural Middlesex.
Bounds Green at a glance
| Downsizing line | Bounds Green figure |
|---|---|
| Sale price, local average | £600,000 |
| Purchase at 70% of value | £420,000 |
| Estate agent at 1.5% | £9,000 |
| Stamp duty on purchase | £11,000 |
| Legal and moving | £2,700 |
| Total costs | £22,700 |
| Net released | £157,300 |
| Lifetime mortgage alternative at 65 | £204,000 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Bounds Green
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 £600,000 average
- The council tax band of the property you are buying
- Total moving costs of about £22,700
- 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 Bounds Green
Broadband speeds can vary street by street in Bounds Green, 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 Bounds Green?
Is downsizing better than equity release?
What are the costs of moving?
How do I check broadband speed at a property in Bounds Green?
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