Downsizing in Enfield Town: What You Would Actually Release
Selling at the £500,000 Enfield Town average and buying at £350,000 releases about £132,300 after costs. Fees, stamp duty and moving take roughly £17,700 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 £500,000 Enfield Town average and buying at £350,000 releases about £132,300 after costs. Fees, stamp duty and moving take roughly £17,700 of it.
Running the downsizing numbers in Enfield Town
Start with the gap. Selling at £500,000 and buying at 70% of that, £350,000, leaves £150,000 before costs. Costs are the part people underestimate.
Agent fees at 1.5% are £7,500. Stamp duty on the purchase is £7,500. Total £17,700, leaving £132,300 in hand.
Where the sale proceeds go
The commercial page for this town sets out the introduction itself: Equity release in Enfield Town.
Moving or borrowing, compared honestly
A lifetime mortgage at 65 on the same property would release about £170,000. Downsizing nets £132,300. The difference is that downsizing costs you the house, and equity release costs you the estate.
Over twenty years that £170,000 release grows to roughly £599,020. 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 Enfield Town is £2,268, 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.
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 £500,000 here.
What a move within Enfield Town looks like
The schools families ask about here are Chace Community School, Enfield County School for Girls, George Spicer Primary School, Suffolks Primary School and St Andrew's CofE Primary 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: Enfield Town to London Liverpool Street takes about 35 to 40 min.
By price, Enfield Town ranks 239 of the 320 London locations we cover, at £500,000 against a county average of £732,469. Band D council tax here is £2,268, against an average of £2,121 across the towns we cover in the county.
Is Enfield Town right to stay in?
Enfield Town is a historic, leafy market town at the top of north London.
The full local guide covers schools, transport and the market in detail: Enfield Town property and area guide.
- A historic, leafy Enfield market town
- Two National Rail lines to the City
- Good local schools
- Enfield Market, Forty Hall & the New River
- Enfield Town Park, Trent Park & the Lea Valley
- No Underground station in the town
- London prices for the space
- Traffic on the A10 and in the town centre
- Flats and new-builds need lease checks
- Flood risk near the Turkey Brook/New River/Lea Valley
| Who it suits | Out of five | Why |
|---|---|---|
| Families | ★★★★★ | Good local schools (Chace Community, Enfield County for Girls, George Spicer and Suffolks are all Good), Enfield Town Park, Forty Hall, Trent Park and the New River, and plenty of Victorian, Edwardian and interwar family housing, a strong, green family town. |
| First-time buyers | ★★★★☆ | Purpose-built and converted flats from around £300,000 to £420,000 and terraces from the mid-£400,000s offer a genuine way into London, with two railway lines, though it is still firmly at London prices. |
| Commuters | ★★★★☆ | Two National Rail lines, Enfield Town into Liverpool Street (Greater Anglia) and Enfield Chase into Moorgate and King's Cross (Great Northern), give a solid commute, though there is no Underground in the town and Zone 5 journeys run around 35 to 45 minutes. |
| Upsizers | ★★★★☆ | Handsome Victorian and Edwardian villas and larger houses towards Enfield Chase, Gordon Hill and Forty Hill give real family space at better value than inner London, at a premium locally, but with schools, parks and two stations. |
| Buy-to-let landlords | ★★★☆☆ | Steady rental demand from commuters and families and relatively accessible entry prices support lettings, but London yields are tighter and the additional-property SDLT surcharge and regulation need careful budgeting. |
Enfield Town is known locally for Forty Hall & Sir Nicholas Rainton, and Enfield Market. Forty Hall & Estate, the Grade I Jacobean house built for a Lord Mayor of London, set in a 273-acre estate at Forty Hill and free to visit.
Practical detail for Enfield Town: the EN1 / EN2 postcode district, Enfield Town (Greater Anglia, to Liverpool Street, Zone 5) & Enfield Chase (Great Northern, to Moorgate & King's Cross); no Tube in the town and nearest A and E is North Middlesex University Hospital (Edmonton) or Barnet Hospital (a drive), Chase Farm is an urgent treatment centre, verify with NHS.
Enfield Town has history behind the price. In Medieval, An ancient market town and parish at the edge of Enfield Chase, with a market charter dating back to the Middle Ages.
Enfield Town at a glance
| Downsizing line | Enfield Town figure |
|---|---|
| Sale price, local average | £500,000 |
| Purchase at 70% of value | £350,000 |
| Estate agent at 1.5% | £7,500 |
| Stamp duty on purchase | £7,500 |
| Legal and moving | £2,700 |
| Total costs | £17,700 |
| Net released | £132,300 |
| Lifetime mortgage alternative at 65 | £170,000 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Enfield Town
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 £500,000 average
- The council tax band of the property you are buying
- Total moving costs of about £17,700
- 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 Enfield Town
Broadband speeds can vary street by street in Enfield Town, 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 Enfield Town?
Is downsizing better than equity release?
What are the costs of moving?
How do I check broadband speed at a property in Enfield Town?
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