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The benefits of downsizing

January 30th 2017
By: Melanie
The benefits of downsizing

If you are thinking of downsizing then you will be among the £571.6 million of people who released equity from their homes by downsizing in the three months leading to the end of September, an annual increase of 26%, according to The Equity Release Council.

There is a growing movement for people who are 55 plus to sell their larger homes and move into a smaller ones, using the equity released to improve their lifestyles as well as the lure of saving money on household bills such as energy, council tax, maintenance costs and so fourth.  Other reasons can be a move to be closer to family, a smaller garden to maintain, as well as being in a home which is within walking distance to amenities such as post offices, supermarkets, doctors and pubs.

That’s what makes the market town of Saffron Walden such an attractive proposition for people looking to downsize, in fact it was recently listed as one of the top places to downsize to by the Daily Telegraph, who stated that there is plenty to keep downsizers busy in the town including checking out the boutiques and antique shops, eating at one of Saffron Walden’s fabulous restaurants such as the highly reputed Indian restaurant The Mogul or frequenting one of historical the local pubs.

If you are thinking about downsizing then you might want to consider this property which will be available soon - a unique opportunity to purchase a recently re-furbished ground floor 2 bedroom Grade II listed apartment located within the Old Boys British school in the historic part of Saffron Walden. The apartment enjoys delightful views of the Common to the rear. The property has the benefit of allocated parking, gas fired central heating, two bedrooms, newly fitted kitchen, newly fitted bathroom. Offered with Vacant possession, key available for viewing. EPC Band Exempt. Guide Price £350,000.

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Call Intercounty Saffron Walden office to arrange a viewing 01799 522641 or follow this link.

Near to Saffron Walden - two other properties which could suit someone thinking about downsizing:

2 bedroom, terraced house in Newport, offers in excess of £320,000 below:

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2 bedroom semi-detached bungalow in Dunmow, offers in excess of £300,000 below:

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Sources:

http://www.telegraph.co.uk/finance/personalfinance/11802733/This-is-why-older-couples-dont-want-to-downsize.html

http://www.thisismoney.co.uk/money/mortgageshome/article-3779572/Can-downsizing-property-help-fund-retirement.html