Downsizing in Earl Shilton: What You Would Actually Release
Selling at the £245,000 Earl Shilton average and buying at £171,500 releases about £66,195 after costs. Fees, stamp duty and moving take roughly £7,305 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 £245,000 Earl Shilton average and buying at £171,500 releases about £66,195 after costs. Fees, stamp duty and moving take roughly £7,305 of it.
What an Earl Shilton move actually releases
Start with the gap. Selling at £245,000 and buying at 70% of that, £171,500, leaves £73,500 before costs. Costs are the part people underestimate.
Agent fees at 1.5% are £3,675. Stamp duty on the purchase is £930. Total £7,305, leaving £66,195 in hand.
Where the sale proceeds go
The commercial page for this town sets out the introduction itself: Equity release in Earl Shilton.
Moving or borrowing, compared honestly
A lifetime mortgage at 65 on the same property would release about £83,300. Downsizing nets £66,195. The difference is that downsizing costs you the house, and equity release costs you the estate.
Over twenty years that £83,300 release grows to roughly £293,520. 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 Leicestershire is £2,415, 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 Earl Shilton looks like
The schools families ask about here are Heath Lane Academy, Townlands Church of England Primary Academy, St Simon and St Jude CofE Primary School and Newlands Community Primary School. 2 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: Earl Shilton to Hinckley takes about 10 min.
By price, Earl Shilton ranks 31 of the 34 Leicestershire locations we cover, at £245,000 against a county average of £299,265.
Moving within Leicestershire rather than out of it keeps you near family and known services. The average price across the county towns we cover is £299,265, against £245,000 here.
Is Earl Shilton right to stay in?
Earl Shilton is a former framework-knitting town between Hinckley and Leicester, with new-build growth.
The full local guide covers schools, transport and the market in detail: Earl Shilton property and area guide.
- Affordable prices well below the South
- New-build choice on the Sustainable Urban Extension
- Good A47 & M69 road links to Leicester & Hinckley
- Framework-knitting heritage & a real high street
- Good primary schools (Townlands CofE, St Simon and St Jude)
- No railway station in the town
- New-build estates carry management charges & tenure questions
- Rail commuters drive or bus to Hinckley or Leicester
- Older hosiery-era & non-standard homes need survey/lender checks
- Newlands Community Primary was rated Requires Improvement
| Who it suits | Out of five | Why |
|---|---|---|
| First-time buyers | ★★★★★ | One of the more affordable towns within reach of Leicester and Hinckley, older terraces and hosiery-era houses from around £160,000 to £200,000, plus new-build starter homes on the Sustainable Urban Extension, make Earl Shilton a genuine way onto the ladder. |
| Families | ★★★★☆ | Affordable family houses, Good primary schools (Townlands CofE and St Simon and St Jude are Good) and a secondary shared with Barwell, parks and new-build choice, a solid family town, if you check the older stock and the new-build estate charges. |
| New-build buyers | ★★★★☆ | The Barwell & Earl Shilton Sustainable Urban Extension brings a growing supply of new houses and apartments, modern, energy-efficient homes, though the estate-management charges, tenure and road-adoption position all need checking. |
| Commuters | ★★★☆☆ | The A47 (Leicester and Hinckley) and the M69 (junction 1) make Earl Shilton a workable road-commuter base for Leicester, Hinckley and Coventry, but there is no railway station here, so rail commuters drive or bus to Hinckley or Leicester. |
| Investors | ★★★★☆ | Affordable prices and steady rental demand from the local and Leicester workforce make Earl Shilton worth a look, check yields, tenant demand and the condition of older hosiery-era stock. |
Earl Shilton is known locally for Framework knitting & hosiery, and Bosworth Battlefield. Earl Shilton was a framework-knitting and hosiery town, part of the East Midlands knitwear trade shared with Hinckley and Barwell, a heritage still visible in its older streets.
Practical detail for Earl Shilton: the LE9 postcode district, no station in the town, nearest are Hinckley (Birmingham to Leicester line) & Leicester (Midland Main Line, fast to London) and nearest A and E is Leicester Royal Infirmary or George Eliot Hospital, Nuneaton; UHCW Coventry within reach, verify with NHS.
Earl Shilton has history behind the price. In Medieval, Earl Shilton is established as a village on the ridge between Hinckley and Leicester, with the church of St Simon and St Jude a landmark.
Earl Shilton at a glance
| Downsizing line | Earl Shilton figure |
|---|---|
| Sale price, local average | £245,000 |
| Purchase at 70% of value | £171,500 |
| Estate agent at 1.5% | £3,675 |
| Stamp duty on purchase | £930 |
| Legal and moving | £2,700 |
| Total costs | £7,305 |
| Net released | £66,195 |
| Lifetime mortgage alternative at 65 | £83,300 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Earl Shilton
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 £245,000 average
- The council tax band of the property you are buying
- Total moving costs of about £7,305
- 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 Earl Shilton
Broadband speeds can vary street by street in Earl Shilton, 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 Earl Shilton?
Is downsizing better than equity release?
What are the costs of moving?
How do I check broadband speed at a property in Earl Shilton?
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