Downsizing in Kingsteignton: What You Would Actually Release
Selling at the £300,000 Kingsteignton average and buying at £210,000 releases about £81,100 after costs. Fees, stamp duty and moving take roughly £8,900 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 £300,000 Kingsteignton average and buying at £210,000 releases about £81,100 after costs. Fees, stamp duty and moving take roughly £8,900 of it.
Running the downsizing numbers in Kingsteignton
Start with the gap. Selling at £300,000 and buying at 70% of that, £210,000, leaves £90,000 before costs. Costs are the part people underestimate.
Agent fees at 1.5% are £4,500. Stamp duty on the purchase is £1,700. Total £8,900, leaving £81,100 in hand.
Moving within Devon rather than out of it keeps you near family and known services. The average price across the county towns we cover is £354,375, against £300,000 here.
Where the sale proceeds go
The commercial page for this town sets out the introduction itself: Equity release in Kingsteignton.
Moving or borrowing, compared honestly
A lifetime mortgage at 65 on the same property would release about £102,000. Downsizing nets £81,100. The difference is that downsizing costs you the house, and equity release costs you the estate.
Over twenty years that £102,000 release grows to roughly £359,412. 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 Devon is £2,667, 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 Kingsteignton looks like
The schools families ask about here are Teign School, Kingsteignton School, Rydon Primary School and Post-16 & sixth-form options. 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: Kingsteignton to Newton Abbot takes about 5 to 10 min.
By price, Kingsteignton ranks 25 of the 32 Devon locations we cover, at £300,000 against a county average of £354,375. Band D council tax here is £2,667, against an average of £2,675 across the towns we cover in the county.
Is Kingsteignton right to stay in?
Kingsteignton is a large, fast-growing commuter town at the head of the Teign estuary, just north of Newton Abbot.
The full local guide covers schools, transport and the market in detail: Kingsteignton property and area guide.
- An affordable town for south Devon
- Its own primary and secondary schools (Teign School, Good)
- Fast A380/A38 links to Exeter, Torbay & the M5
- Newton Abbot main-line station about a mile away
- Plenty of modern family housing with parking & gardens
- A commuter town, not a picture-postcard destination
- Much of the town is modern estate housing
- Tidal/river flood risk on low-lying ground near the Teign
- No full A&E (Newton Abbot has a minor injuries unit; nearest A&E at Torbay/Exeter)
- New-build estates can carry estate-management charges
| Who it suits | Out of five | Why |
|---|---|---|
| Downsizers & retirees | ★★★★☆ | Low-maintenance modern estate housing and bungalows, level ground in much of the town, shops and services on hand and a minor injuries unit at Newton Abbot, with the nearest full A&E at Torbay or Exeter, and a flood check near the river, in mind. |
| Families | ★★★★★ | Its own primary and secondary schools (Teign School, plus Kingsteignton School and Rydon Primary), parks, a leisure centre and lots of modern family housing, all at affordable prices with Newton Abbot next door, check the latest school reports and, for a low-lying home, the flood risk. |
| First-time buyers | ★★★★★ | Some of the more affordable prices in south Devon, terraces, flats and modern estate homes often from around £200,000 to £260,000, in a town with schools, shops and a main-line station a mile away; budget for the flood check near the Teign. |
| Commuters | ★★★★★ | Fast A380/A38 links to Exeter, Torbay and the M5, and Newton Abbot main-line station about a mile away with direct trains to Exeter (~15 min), Plymouth and London, one of the better-connected towns in south Devon. |
| Second-home & holiday buyers | ★★☆☆☆ | Kingsteignton is a practical commuter and family town rather than a resort, so it sees relatively little holiday demand, the coast at Teignmouth and Dawlish, a short drive east, is far more of a second-home market. |
Kingsteignton is known locally for Ball clay & the Bovey Basin, and Newton Abbot Racecourse. Kingsteignton's place on the edge of the Bovey Basin, the country's most important source of ball clay, is its defining industrial connection, shaping the town and its landscape for generations.
Practical detail for Kingsteignton: the TQ12 postcode district, no station in the town; Newton Abbot main-line station ~1 mile south, direct trains to Exeter, Plymouth & London and nearest A and E is Torbay Hospital (Torquay) or the Royal Devon & Exeter (Exeter), ~25 to 40 min; Newton Abbot has a minor injuries unit.
Kingsteignton has history behind the price. In Medieval, Kingsteignton develops around the parish church of St Michael, a farming parish at the head of the Teign estuary.
Kingsteignton at a glance
| Downsizing line | Kingsteignton figure |
|---|---|
| Sale price, local average | £300,000 |
| Purchase at 70% of value | £210,000 |
| Estate agent at 1.5% | £4,500 |
| Stamp duty on purchase | £1,700 |
| Legal and moving | £2,700 |
| Total costs | £8,900 |
| Net released | £81,100 |
| Lifetime mortgage alternative at 65 | £102,000 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Kingsteignton
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 £300,000 average
- The council tax band of the property you are buying
- Total moving costs of about £8,900
- 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 Kingsteignton
Broadband speeds can vary street by street in Kingsteignton, 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 Kingsteignton?
Is downsizing better than equity release?
What are the costs of moving?
How do I check broadband speed at a property in Kingsteignton?
Read next
Your home may be repossessed if you do not keep up repayments on your mortgage.