Average Cost of Moving Home in 2024
When you’re planning to move house it’s vital to know what the full cost of moving will be so that you can budget properly. From stamp duty tax, mortgage, and legal fees right through to removals.
What is the cost of moving home these days?
The average cost of moving in 2024 is just over £12,000. This figure includes the necessary services you’ll need to buy and sell a house, but costs will vary depending on your situation and location. Note: These figures DO NOT include a house deposit.
Let’s take a closer look at those hidden costs of moving house and how those fees quickly add up. The following information is an average price based on a UK property price of £285,000 in 2024.
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The Cost of Buying a House
The costs of buying a house can land many homeowners in hot water, with a large, often unexpected bill on top of the purchase price.
Of course, you can also choose to absorb most of these fees into your mortgage payments if need be.
- Stamp Duty £1,750
- Property Surveyors £480
- Conveyancing £1,600
- Valuation Fee £350
Buying Total: £4,180
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The Cost of Selling a House
The fees and charges involved in the sale of a house are less easy to avoid, as most need to be paid upfront, with no option of spreading the costs.
- Estate Agents £5,600
- Conveyancing £1,150
- Energy Performance Certificate (EPC) £85
Selling Total: £6,835
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General Moving House Costs
Thankfully, the costs of physically moving home are some of the lowest, and you can tailor them to your needs.
For example, if funds are tight, you could forego the removal company and hire a moving vehicle yourself.
However, moving the effort and stress onto your shoulders makes this an option that shouldn’t be taken lightly.
In fact, if you take a quick look at customer reviews, you’ll see that the cost of using a removal company is not just money well spent but is often considered the best investment in the moving process.
- Removal Company costs based on one bedroom flat £1,110
- Postal Redirection £36
Moving Total: £1,146*
*Costs are subject to the amount ‘of stuff’ you want to move e.g. A 5 bedroom house will cost a lot more than a one bedroom flat.
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So, after everything has been taken into account, the total average cost of moving house in 2024 = £12,161
Are you planning to move in 2024? Or perhaps you’re planning to upgrade or downsize in 2025?
Speak to a member of our team to find out how we can take the stress out of moving home.