Downsizing in Palmers Green: What You Would Actually Release
Selling at the £600,000 Palmers Green average and buying at £420,000 releases about £157,300 after costs. Fees, stamp duty and moving take roughly £22,700 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 £600,000 Palmers Green average and buying at £420,000 releases about £157,300 after costs. Fees, stamp duty and moving take roughly £22,700 of it.
The downsizing sum for Palmers Green
Start with the gap. Selling at £600,000 and buying at 70% of that, £420,000, leaves £180,000 before costs. Costs are the part people underestimate.
Agent fees at 1.5% are £9,000. Stamp duty on the purchase is £11,000. Total £22,700, leaving £157,300 in hand.
Where the sale proceeds go
The commercial page for this town sets out the introduction itself: Equity release in Palmers Green.
Downsizing against releasing equity
A lifetime mortgage at 65 on the same property would release about £204,000. Downsizing nets £157,300. The difference is that downsizing costs you the house, and equity release costs you the estate.
Over twenty years that £204,000 release grows to roughly £718,824. The downsizing figure does not grow at all, because there is no debt.
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 £600,000 here.
The parts of downsizing that are not financial
Council tax follows the property, not the person. Band D in Palmers Green 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.
What a move within Palmers Green looks like
The schools families ask about here are Tottenhall Infant School, St Monica's RC Primary School, Hazelwood Infant School, Hazelwood Junior School and Laurel Park School (formerly Broomfield 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: Palmers Green to Moorgate takes about 25 to 30 min.
By price, Palmers Green ranks 177 of the 320 London locations we cover, at £600,000 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 Palmers Green right to stay in?
Palmers Green is a leafy, established Edwardian north London suburb.
The full local guide covers schools, transport and the market in detail: Palmers Green property and area guide.
- A leafy, established Edwardian Enfield suburb
- Own Great Northern station direct to Moorgate
- Broomfield Park & the New River
- Good primary schools locally
- Green Lanes & the celebrated Cypriot food scene
- On the railway, not the Tube (bus to Southgate/Arnos Grove)
- London prices for the space
- Traffic and noise on Green Lanes & the North Circular
- Local secondary rated Requires improvement at its last graded inspection
- Flats/mansion blocks/conversions need lease checks
| Who it suits | Out of five | Why |
|---|---|---|
| Families | ★★★★★ | Good local schools (St Monica's RC Primary is Good, and Tottenhall Infant was inspected in February 2026 under Ofsted’s report-card system; Hazelwood Infant and Junior are strong, read the latest reports), leafy Broomfield Park with its boating lake and playground, and handsome Edwardian family houses, a genuinely strong family suburb. |
| Commuters | ★★★★☆ | Palmers Green's own Great Northern station runs direct into Moorgate (for the City) via Finsbury Park in around 25 to 30 minutes, a fast commute, though there is no Underground station of its own (Southgate and Arnos Grove are a bus ride away). |
| First-time buyers | ★★★★☆ | Flats and mansion-block apartments from around £300,000 to £450,000 offer a way into a well-connected Enfield suburb with a fast City train, though house prices are firmly at London levels. |
| Upsizers | ★★★★☆ | Handsome Edwardian terraces, semis and larger detached houses on the smarter roads give real family space, at a premium, and on busy roads in places, but with schools, parks and a fast commute. |
| Buy-to-let landlords | ★★★☆☆ | Steady tenant demand from professionals and families drawn by the station, Green Lanes and the schools, but at London prices and yields, and with lease, licensing and tax questions to weigh, so run the numbers carefully. |
Palmers Green is known locally for Broomfield Park & Broomfield House, and Broomfield Park. Broomfield Park, the Grade II-listed green heart of the suburb, with the ruins of the historic Tudor-and-later Broomfield House, a boating lake, the New River and a restored conservatory.
Practical detail for Palmers Green: the N13 postcode district, Palmers Green (Great Northern, Hertford Loop, Zone 4), direct to Moorgate via Finsbury Park; Southgate/Arnos Grove (Piccadilly line) a short bus ride; Bowes Park close and nearest A and E is North Middlesex University Hospital (Edmonton) or Barnet Hospital (a drive), verify with NHS.
Palmers Green has history behind the price. In Medieval, A small rural hamlet in the ancient parish of Edmonton, a scattering of farms and greens on the road north out of London.
Palmers Green at a glance
| Downsizing line | Palmers Green figure |
|---|---|
| Sale price, local average | £600,000 |
| Purchase at 70% of value | £420,000 |
| Estate agent at 1.5% | £9,000 |
| Stamp duty on purchase | £11,000 |
| Legal and moving | £2,700 |
| Total costs | £22,700 |
| Net released | £157,300 |
| Lifetime mortgage alternative at 65 | £204,000 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Palmers Green
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 £600,000 average
- The council tax band of the property you are buying
- Total moving costs of about £22,700
- 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 Palmers Green
Broadband speeds can vary street by street in Palmers Green, 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 Palmers Green?
Is downsizing better than equity release?
What are the costs of moving?
How do I check broadband speed at a property in Palmers Green?
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