Downsizing in Kimberley: What You Would Actually Release
Selling at the £230,000 Kimberley average and buying at £161,000 releases about £62,130 after costs. Fees, stamp duty and moving take roughly £6,870 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 £230,000 Kimberley average and buying at £161,000 releases about £62,130 after costs. Fees, stamp duty and moving take roughly £6,870 of it.
Running the downsizing numbers in Kimberley
Start with the gap. Selling at £230,000 and buying at 70% of that, £161,000, leaves £69,000 before costs. Costs are the part people underestimate.
Agent fees at 1.5% are £3,450. Stamp duty on the purchase is £720. Total £6,870, leaving £62,130 in hand.
Where the sale proceeds go
The commercial page for this town sets out the introduction itself: Equity release in Kimberley.
Downsizing against releasing equity
A lifetime mortgage at 65 on the same property would release about £78,200. Downsizing nets £62,130. The difference is that downsizing costs you the house, and equity release costs you the estate.
Over twenty years that £78,200 release grows to roughly £275,549. 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 Nottinghamshire is £2,661, 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 Kimberley looks like
The schools families ask about here are The Kimberley School, Larkfields Junior School and Kimberley Primary School. 3 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: Kimberley to the M1 (J26) takes about 5 to 10 min.
By price, Kimberley ranks 16 of the 27 Nottinghamshire locations we cover, at £230,000 against a county average of £265,370. Band D council tax here is £2,661, against an average of £2,651 across the towns we cover in the county.
Is Kimberley right to stay in?
Kimberley is a small, more affordable commuter town between Eastwood and Nottingham.
The full local guide covers schools, transport and the market in detail: Kimberley property and area guide.
Moving within Nottinghamshire rather than out of it keeps you near family and known services. The average price across the county towns we cover is £265,370, against £230,000 here.
- Some of the more affordable homes near Nottingham
- The well-regarded Kimberley School
- A proud brewing heritage & strong community
- Quick links to the M1 (junction 26) & A610
- The Phoenix Park tram park-and-ride nearby
- A down-to-earth ex-industrial town, not a smart suburb
- No tram or railway station in the town itself
- Former coalfield, a coal-mining search matters
- Flood risk on the low-lying western side (the Erewash)
- Some older terraces need survey work
| Who it suits | Out of five | Why |
|---|---|---|
| Downsizers | ★★★★☆ | A friendly, walkable town with a traditional high street, shops and healthcare close to hand, at prices well below the smarter suburbs. |
| First-time buyers | ★★★★★ | Some of the more affordable homes in Greater Nottingham (flats and terraces often around £120,000 to £180,000) make Kimberley a realistic first step onto the ladder. |
| Families | ★★★★☆ | Good value, the well-regarded Kimberley School and strong primaries, plus green space and a strong community, a solid family town, with a mining and flood check to factor in. |
| Commuters | ★★★★☆ | No station in the town, but the A610 and the M1 (junction 26) give quick road links, and the Phoenix Park tram park-and-ride is a short drive for a direct tram into Nottingham. |
| Buy-to-let landlords | ★★★☆☆ | Affordable entry prices and steady demand from Nottingham and local workers support lettings, though yields and demand should be checked street by street, and mining/ground considerations reviewed. |
Kimberley is known locally for The Kimberley Brewery & Hardys & Hansons, and Kimberley Meadow. Kimberley's landmark Victorian brewery, home of Hardys & Hansons' "Kimberley Ales" until 2006, the town's defining building and a proud piece of East Midlands brewing history.
Practical detail for Kimberley: the NG16 postcode district and nearest A and E is Nottingham Queen's Medical Centre (QMC), a drive; verify with NHS.
Kimberley has history behind the price. In Medieval, A small hillside settlement on the road between Nottingham and the Erewash valley.
Kimberley at a glance
| Downsizing line | Kimberley figure |
|---|---|
| Sale price, local average | £230,000 |
| Purchase at 70% of value | £161,000 |
| Estate agent at 1.5% | £3,450 |
| Stamp duty on purchase | £720 |
| Legal and moving | £2,700 |
| Total costs | £6,870 |
| Net released | £62,130 |
| Lifetime mortgage alternative at 65 | £78,200 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Kimberley
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 £230,000 average
- The council tax band of the property you are buying
- Total moving costs of about £6,870
- 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 Kimberley
Broadband speeds can vary street by street in Kimberley, 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 Kimberley?
Is downsizing better than equity release?
What are the costs of moving?
How do I check broadband speed at a property in Kimberley?
Read next
Your home may be repossessed if you do not keep up repayments on your mortgage.