Downsizing in Shoreham-by-Sea: What You Would Actually Release
Selling at the £420,000 Shoreham-by-Sea average and buying at £294,000 releases about £112,300 after costs. Fees, stamp duty and moving take roughly £13,700 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 £420,000 Shoreham-by-Sea average and buying at £294,000 releases about £112,300 after costs. Fees, stamp duty and moving take roughly £13,700 of it.
What a Shoreham-by-Sea move actually releases
Start with the gap. Selling at £420,000 and buying at 70% of that, £294,000, leaves £126,000 before costs. Costs are the part people underestimate.
Agent fees at 1.5% are £6,300. Stamp duty on the purchase is £4,700. Total £13,700, leaving £112,300 in hand.
Where the sale proceeds go
The commercial page for this town sets out the introduction itself: Equity release in Shoreham-by-Sea.
Downsizing against releasing equity
A lifetime mortgage at 65 on the same property would release about £142,800. Downsizing nets £112,300. The difference is that downsizing costs you the house, and equity release costs you the estate.
Over twenty years that £142,800 release grows to roughly £503,177. The downsizing figure does not grow at all, because there is no debt.
Bands, stock and timing
Council tax follows the property, not the person. Band D in West Sussex is £2,535, 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 West Sussex rather than out of it keeps you near family and known services. The average price across the county towns we cover is £486,515, against £420,000 here.
What a move within Shoreham-by-Sea looks like
The schools families ask about here are Shoreham primary schools, Shoreham Academy, The Sir Robert Woodard Academy (Sompting) and Independent schools (Brighton, Hove & Lancing). 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: Shoreham-by-Sea to Brighton takes about 10 to 15 min.
By price, Shoreham-by-Sea ranks 24 of the 33 West Sussex locations we cover, at £420,000 against a county average of £486,515. Band D council tax here is £2,535, against an average of £2,488 across the towns we cover in the county.
Is Shoreham-by-Sea right to stay in?
Shoreham-by-Sea is a sought-after, characterful coastal port town.
The full local guide covers schools, transport and the market in detail: Shoreham-by-Sea property and area guide.
- A characterful coastal town
- The port, the beach & the houseboats
- Its own station & the A27 near
- Brighton next door
- The old town, St Mary de Haura & Marlipins
- Prices above the national average
- The town's own trains reach London via a change
- A tidal Adur / coastal flood-risk consideration
- Beachfront & houseboat homes need careful survey & lending
- Period homes need careful survey & checks
| Who it suits | Out of five | Why |
|---|---|---|
| Downsizers | ★★★★☆ | A walkable seaside town with an independent high street and the river and beach on the doorstep, though prices are above average. |
| Families | ★★★★★ | Its own station, a lively high street, the beach and river, plus Shoreham Academy rated Outstanding, a strong all-round family town. |
| Commuters (to London) | ★★★☆☆ | Its own West Coastway station is a real plus, but London means changing at Brighton or Hove for the fast trains. |
| Professionals | ★★★★☆ | Coastal character beside Brighton with the A27 and the station, popular with those priced out of the city. |
| First-time buyers | ★★★☆☆ | Flats and terraces give a way in, but a sought-after coastal town beside Brighton keeps the first step above average. |
Shoreham-by-Sea is known locally for Shoreham Port & the harbour, and Shoreham Port. The working commercial harbour at the mouth of the Adur, timber, aggregates and a fishing fleet, that has been the heart of the town for centuries and gives it its maritime character.
Practical detail for Shoreham-by-Sea: the BN43 postcode district, Shoreham-by-Sea station, West Coastway line, direct to Brighton, Worthing & Portsmouth; change for London and nearest A and E is Worthing Hospital or Royal Sussex County (Brighton), verify with NHS.
Shoreham-by-Sea has history behind the price. In Medieval, Shoreham is an important port and shipbuilding town at the mouth of the River Adur; St Mary de Haura and the Marlipins are built.
Shoreham-by-Sea at a glance
| Downsizing line | Shoreham-by-Sea figure |
|---|---|
| Sale price, local average | £420,000 |
| Purchase at 70% of value | £294,000 |
| Estate agent at 1.5% | £6,300 |
| Stamp duty on purchase | £4,700 |
| Legal and moving | £2,700 |
| Total costs | £13,700 |
| Net released | £112,300 |
| Lifetime mortgage alternative at 65 | £142,800 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Shoreham-by-Sea
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 £420,000 average
- The council tax band of the property you are buying
- Total moving costs of about £13,700
- 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 Shoreham-by-Sea
Broadband speeds can vary street by street in Shoreham-by-Sea, 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 Shoreham-by-Sea?
Is downsizing better than equity release?
What are the costs of moving?
How do I check broadband speed at a property in Shoreham-by-Sea?
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