Downsizing in Old Basing: What You Would Actually Release
Selling at the £450,000 Old Basing average and buying at £315,000 releases about £119,800 after costs. Fees, stamp duty and moving take roughly £15,200 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 £450,000 Old Basing average and buying at £315,000 releases about £119,800 after costs. Fees, stamp duty and moving take roughly £15,200 of it.
What an Old Basing move actually releases
Start with the gap. Selling at £450,000 and buying at 70% of that, £315,000, leaves £135,000 before costs. Costs are the part people underestimate.
Agent fees at 1.5% are £6,750. Stamp duty on the purchase is £5,750. Total £15,200, leaving £119,800 in hand.
Moving within Hampshire rather than out of it keeps you near family and known services. The average price across the county towns we cover is £535,916, against £450,000 here.
Where the sale proceeds go
The commercial page for this town sets out the introduction itself: Equity release in Old Basing.
Two routes to the same cash, priced
A lifetime mortgage at 65 on the same property would release about £153,000. Downsizing nets £119,800. The difference is that downsizing costs you the house, and equity release costs you the estate.
Over twenty years that £153,000 release grows to roughly £539,118. 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 Old Basing 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 Old Basing looks like
The schools families ask about here are Old Basing Infant School, St Mary's CofE VA Junior School, Basingstoke secondary schools, Sixth-form & further education and Independent schools (Basingstoke area). 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: Old Basing to Basingstoke station takes about 5 to 10 min drive.
By price, Old Basing ranks 133 of the 178 Hampshire locations we cover, at £450,000 against a county average of £535,916. Band D council tax here is £2,314, against an average of £2,319 across the towns we cover in the county.
Is Old Basing right to stay in?
Old Basing is a large, historic, sought-after village on the edge of Basingstoke.
The full local guide covers schools, transport and the market in detail: Old Basing property and area guide.
- A large, characterful historic village
- Basing House, the church & the River Loddon
- The whole of Basingstoke & the M3 close by
- Village primary schools & Basingstoke secondaries
- The Basingstoke Canal & the countryside
- Prices above the national average
- No station in the village itself
- A River Loddon flood-risk consideration near the water
- Larger period & detached homes mean substantial lending
- Period/listed homes need careful survey & checks
| Who it suits | Out of five | Why |
|---|---|---|
| Downsizers | ★★★★☆ | A historic village with heritage, canal and river walks, pubs and a strong community suits downsizers well, just check flood risk near the Loddon. |
| Families | ★★★★★ | A Good infant school and an Outstanding-rated junior school (St Mary's) in the village, green space and low crime make Old Basing a top family choice, check catchment. |
| Commuters (to London) | ★★★★☆ | No village station, but Basingstoke (about two miles) runs fast direct trains to Waterloo in around 45 to 60 minutes and the M3 is close, an excellent commute. |
| Upsizers | ★★★★☆ | Period, detached and conservation-area homes give upsizers space and character, at a premium, with the town's amenities nearby. |
| First-time buyers | ★★★☆☆ | Flats and terraces (often in Lychpit) offer a way in, but this is a sought-after village where affordability is the main hurdle. |
Old Basing is known locally for Basing House. The great Tudor palace of the Marquess of Winchester, besieged for over two years and stormed and destroyed by Cromwell in 1645, its ruins, earthworks and great barn survive as a heritage site; the glory of Old Basing.
Practical detail for Old Basing: the RG24 postcode district, no village station, Basingstoke station (~2mi) has fast direct trains to London Waterloo and nearest A and E is Basingstoke & North Hampshire Hospital (~3mi), verify with NHS.
Old Basing has history behind the price. In Norman era, A castle stands at Basing, guarding the Loddon crossing; the village grows around it.
Old Basing at a glance
| Downsizing line | Old Basing figure |
|---|---|
| Sale price, local average | £450,000 |
| Purchase at 70% of value | £315,000 |
| Estate agent at 1.5% | £6,750 |
| Stamp duty on purchase | £5,750 |
| Legal and moving | £2,700 |
| Total costs | £15,200 |
| Net released | £119,800 |
| Lifetime mortgage alternative at 65 | £153,000 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Old Basing
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 £450,000 average
- The council tax band of the property you are buying
- Total moving costs of about £15,200
- 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 Old Basing
Broadband speeds can vary street by street in Old Basing, 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 Old Basing?
Is downsizing better than equity release?
What are the costs of moving?
How do I check broadband speed at a property in Old Basing?
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