Downsizing in Parsons Green: What You Would Actually Release
Selling at the £1,300,000 Parsons Green average and buying at £910,000 releases about £332,300 after costs. Fees, stamp duty and moving take roughly £57,700 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 £1,300,000 Parsons Green average and buying at £910,000 releases about £332,300 after costs. Fees, stamp duty and moving take roughly £57,700 of it.
The downsizing sum for Parsons Green
Start with the gap. Selling at £1,300,000 and buying at 70% of that, £910,000, leaves £390,000 before costs. Costs are the part people underestimate.
Agent fees at 1.5% are £19,500. Stamp duty on the purchase is £35,500. Total £57,700, leaving £332,300 in hand.
Where the sale proceeds go
The commercial page for this town sets out the introduction itself: Equity release in Parsons Green.
Moving or borrowing, compared honestly
A lifetime mortgage at 65 on the same property would release about £442,000. Downsizing nets £332,300. The difference is that downsizing costs you the house, and equity release costs you the estate.
Over twenty years that £442,000 release grows to roughly £1,557,451. 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 Parsons Green is £1,520, 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 Parsons Green looks like
The schools families ask about here are Lady Margaret School, Sulivan Primary School, St Thomas of Canterbury Catholic Primary School and Thomas's Fulham (independent). 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: Parsons Green to Earl's Court takes about 6 min.
By price, Parsons Green ranks 18 of the 320 London locations we cover, at £1,300,000 against a county average of £732,469. Band D council tax here is £1,520, against an average of £2,121 across the towns we cover in the county.
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 £1,300,000 here.
Is Parsons Green right to stay in?
Parsons Green is a prime, leafy, family-favoured pocket of Fulham with a village-in-the-city feel.
The full local guide covers schools, transport and the market in detail: Parsons Green property and area guide.
- A prime, leafy, family-favoured Fulham pocket
- District line straight into central London
- Outstanding & Good schools nearby
- The green, the Lion Houses & the White Horse
- Eel Brook Common, South Park & the Hurlingham Club
- A prime address at premium London prices
- This is inner London, traffic and controlled parking
- Competitive for school places
- Conservation rules can limit alterations
- Conversions and flats need lease checks
| Who it suits | Out of five | Why |
|---|---|---|
| Families | ★★★★★ | A prime family pocket, Lady Margaret (Outstanding, girls secondary) and Good primaries in Sulivan and St Thomas of Canterbury Catholic, plus the independent Thomas's Fulham, the green, Eel Brook Common and South Park, and a fast, frequent District line commute. |
| Professionals | ★★★★★ | Parsons Green on the District line (Zone 2, direct to Earl's Court, South Kensington, Victoria and the City), a leafy village-in-the-city setting and a lively local scene suit professionals wanting space, character and connectivity. |
| Upsizers | ★★★★☆ | Handsome Victorian and Edwardian terraces, and the large Peterborough Estate "Lion Houses" near the Hurlingham Club, give real family space, at a firm premium, but with schools, greens and a fast commute. |
| Property developers & investors | ★★★☆☆ | A prime, established Fulham address with strong rental demand from families and professionals, though this is a period-terrace market at premium values, so yields are modest and stock is largely refurbishment rather than ground-up development. |
| First-time buyers | ★★☆☆☆ | Period conversions and flats (often around £550,000 to £850,000) offer the only realistic way into a prime pocket of Fulham, houses are firmly at premium London levels, so most first-time buyers will need a large deposit or to look wider. |
Parsons Green is known locally for The Peterborough Estate Lion Houses, and Parsons Green & the White Horse. The red-brick Victorian terraces with stone lions on the gables between the green and the Hurlingham Club, a defining and much-photographed piece of Parsons Green.
Practical detail for Parsons Green: the SW6 postcode district, Parsons Green (District line, Wimbledon branch, Zone 2), direct to Earl's Court, South Kensington, Victoria & the City and nearest A and E is Chelsea and Westminster (Fulham Road) or Charing Cross (Hammersmith), verify with NHS.
Parsons Green has history behind the price. In Medieval, A village by the parsonage of the parish of Fulham, its green surrounded by large houses and gardens.
Parsons Green at a glance
| Downsizing line | Parsons Green figure |
|---|---|
| Sale price, local average | £1,300,000 |
| Purchase at 70% of value | £910,000 |
| Estate agent at 1.5% | £19,500 |
| Stamp duty on purchase | £35,500 |
| Legal and moving | £2,700 |
| Total costs | £57,700 |
| Net released | £332,300 |
| Lifetime mortgage alternative at 65 | £442,000 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Parsons 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 £1,300,000 average
- The council tax band of the property you are buying
- Total moving costs of about £57,700
- 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 Parsons Green
Broadband speeds can vary street by street in Parsons 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
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