Downsizing in Radstock: What You Would Actually Release
Selling at the £295,000 Radstock average and buying at £206,500 releases about £79,745 after costs. Fees, stamp duty and moving take roughly £8,755 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 £295,000 Radstock average and buying at £206,500 releases about £79,745 after costs. Fees, stamp duty and moving take roughly £8,755 of it.
The downsizing sum for Radstock
Start with the gap. Selling at £295,000 and buying at 70% of that, £206,500, leaves £88,500 before costs. Costs are the part people underestimate.
Agent fees at 1.5% are £4,425. Stamp duty on the purchase is £1,630. Total £8,755, leaving £79,745 in hand.
Where the sale proceeds go
The commercial page for this town sets out the introduction itself: Equity release in Radstock.
Downsizing against releasing equity
A lifetime mortgage at 65 on the same property would release about £100,300. Downsizing nets £79,745. The difference is that downsizing costs you the house, and equity release costs you the estate.
Over twenty years that £100,300 release grows to roughly £353,422. 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 Bath & North East Somerset is £2,554, 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.
Moving within Bath & North East Somerset rather than out of it keeps you near family and known services. The average price across the county towns we cover is £321,667, against £295,000 here.
What a move within Radstock looks like
The schools families ask about here are Writhlington School, Norton Hill & Somervale (Midsomer Norton), Primary schools and Post-16 & college 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: Radstock to Bath takes about 20 to 30 min drive.
By price, Radstock ranks 3 of the 3 Bath & North East Somerset locations we cover, at £295,000 against a county average of £321,667. Band D council tax here is £2,554, against an average of £2,500 across the towns we cover in the county.
Is Radstock right to stay in?
The full local guide covers schools, transport and the market in detail: Radstock property and area guide.
- Among the most affordable towns in B&NES
- A real high street and the excellent Radstock Museum
- Writhlington School serves the town
- Distinctive mining and railway heritage
- The Colliers Way and countryside on the doorstep
- No railway station of its own
- Commuting to the cities is by road or bus
- Coal-mining search needed (heart of the coalfield)
- No A&E in the town (RUH Bath nearest)
- Steep valley topography and Wellow Brook flood risk
| Who it suits | Out of five | Why |
|---|---|---|
| Downsizers | ★★★☆☆ | An affordable, characterful town with a real high street and a Minor Injuries Unit nearby, but a steep valley and no station or A&E of its own to weigh. |
| First-time buyers | ★★★★★ | Among the most affordable towns in B&NES, with terraces and flats from around £140,000 to £280,000, strong for first-time buyers priced out of the cities. |
| Families | ★★★★☆ | Writhlington School serves the town, with two more secondaries in Midsomer Norton, a good range of primaries and countryside all around, strong value for family life. |
| Commuters (to Bath/Bristol) | ★★★☆☆ | No station of its own, so commuting is by road or bus to Bath (~10 miles), Bristol or Bath Spa, workable by car, but a real consideration. |
| Property developers & investors | ★★★★☆ | Very affordable, resilient demand and rental interest, but factor in the coal-mining search, the batches and the Wellow Brook flood map. |
Radstock is known locally for The heart of the Somerset Coalfield, and Radstock Museum. Radstock was the very heart of the Somerset Coalfield, a mining town for two centuries, its story told vividly at Radstock Museum.
Practical detail for Radstock: the BA3 postcode district.
Radstock has history behind the price. In 18th to 19th c., The Somerset Coalfield develops; Radstock becomes a major mining town at its heart.
Radstock at a glance
| Downsizing line | Radstock figure |
|---|---|
| Sale price, local average | £295,000 |
| Purchase at 70% of value | £206,500 |
| Estate agent at 1.5% | £4,425 |
| Stamp duty on purchase | £1,630 |
| Legal and moving | £2,700 |
| Total costs | £8,755 |
| Net released | £79,745 |
| Lifetime mortgage alternative at 65 | £100,300 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Radstock
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 £295,000 average
- The council tax band of the property you are buying
- Total moving costs of about £8,755
- 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 Radstock
Broadband speeds can vary street by street in Radstock, 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 Radstock?
Is downsizing better than equity release?
What are the costs of moving?
How do I check broadband speed at a property in Radstock?
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