Downsizing in Steyning: What You Would Actually Release
Selling at the £520,000 Steyning average and buying at £364,000 releases about £137,300 after costs. Fees, stamp duty and moving take roughly £18,700 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 £520,000 Steyning average and buying at £364,000 releases about £137,300 after costs. Fees, stamp duty and moving take roughly £18,700 of it.
The downsizing sum for Steyning
Start with the gap. Selling at £520,000 and buying at 70% of that, £364,000, leaves £156,000 before costs. Costs are the part people underestimate.
Agent fees at 1.5% are £7,800. Stamp duty on the purchase is £8,200. Total £18,700, leaving £137,300 in hand.
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 £520,000 here.
Where the sale proceeds go
The commercial page for this town sets out the introduction itself: Equity release in Steyning.
Moving or borrowing, compared honestly
A lifetime mortgage at 65 on the same property would release about £176,800. Downsizing nets £137,300. The difference is that downsizing costs you the house, and equity release costs you the estate.
Over twenty years that £176,800 release grows to roughly £622,980. 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 West Sussex is £2,532, 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 Steyning looks like
The schools families ask about here are Steyning C of E Primary School, Steyning Grammar School, Secondary schools (wider area) and Independent schools (nearby). 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: Steyning to Shoreham-by-Sea station takes about 15 min drive.
By price, Steyning ranks 11 of the 33 West Sussex locations we cover, at £520,000 against a county average of £486,515.
Is Steyning right to stay in?
Steyning is a sought-after historic downland town below the South Downs.
The full local guide covers schools, transport and the market in detail: Steyning property and area guide.
- A beautiful, historic downland town
- A medieval High Street of timber-framed houses
- The South Downs & Chanctonbury Ring on the doorstep
- A strong independent High Street & community
- Steyning Grammar School & good primaries
- Prices above the county average
- No railway station in the town
- You rely on a car (to Shoreham-by-Sea for trains; to London via Brighton)
- Larger period & country homes mean substantial lending
- Timber-framed/listed homes need careful survey & checks
| Who it suits | Out of five | Why |
|---|---|---|
| Downsizers | ★★★★★ | A beautiful, walkable historic town with independent shops and community, ideal for a downsize with everything close. |
| First-time buyers | ★★☆☆☆ | Flats and cottages exist, but above-average prices and limited stock make it a stretch for first-timers. |
| Families | ★★★★☆ | A Good primary, an all-through secondary in town, the downs on the doorstep and a real working High Street, strong for family life. |
| Retirees | ★★★★☆ | Amenities, heritage and countryside on the doorstep suit retirees, though it is car-reliant for the train. |
| Commuters | ★★★☆☆ | No station in town, you drive to Shoreham-by-Sea or Worthing for the coast line, so it suits car-based commuters. |
Steyning is known locally for The medieval High Street, and Chanctonbury Ring & Bramber Castle. Steyning's defining glory, a beautifully preserved historic High Street of timber-framed and Wealden hall houses, one of the finest small-town streetscapes in Sussex.
Practical detail for Steyning: the BN44 postcode district, no station in the town, nearest Shoreham-by-Sea (Brighton main line / West Coastway; to London via Brighton) and nearest A and E is Worthing Hospital (~7mi), verify with NHS.
Steyning has history behind the price. In Saxon, Steyning grows as a Saxon settlement below the downs in the gap of the River Adur, with a minster church linked to St Cuthman.
Steyning at a glance
| Downsizing line | Steyning figure |
|---|---|
| Sale price, local average | £520,000 |
| Purchase at 70% of value | £364,000 |
| Estate agent at 1.5% | £7,800 |
| Stamp duty on purchase | £8,200 |
| Legal and moving | £2,700 |
| Total costs | £18,700 |
| Net released | £137,300 |
| Lifetime mortgage alternative at 65 | £176,800 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Steyning
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 £520,000 average
- The council tax band of the property you are buying
- Total moving costs of about £18,700
- 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 Steyning
Broadband speeds can vary street by street in Steyning, 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 Steyning?
Is downsizing better than equity release?
What are the costs of moving?
How do I check broadband speed at a property in Steyning?
Read next
Your home may be repossessed if you do not keep up repayments on your mortgage.