What’s The Average Cost Of Moving Home In 2022?

If you’re joining the tens of thousands of other UK homeowners moving home this year, you’re likely overwhelmed by what a daunting prospect it is.

When we think about moving, we’re often guilty of thinking only about the sale and purchase prices, and not all of the additional fees that can quickly add up. 

So, how much does it cost to move home in 2022? The answer might surprise you.  

What is the cost of moving home these days?

The costs of moving home will vary depending on the size of your house, the distance between your old and new property, and the area you live in.

So, keep in mind that the figures used in this article serve only as a guide.

They are based on buying and selling the average UK property with a sale price of £277,000. 

Based on this figure, the average cost of moving home in 2022 comes in at £13,660, nearly 5% of the average house value.

Let’s take a closer look at those hidden costs of moving house and how those fees quickly add up. 

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 £3,850
• Conveyancing £2,330
• Property Surveyors £500
• Valuation Fee £225

Buying Total: £6,905

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.

The fees listed below are the minimum you can expect to pay, with other costs such as reports and surveys often added to the list.

• Estate Agents £3,260
• Conveyancing £1,690
• EPC (Energy Peformance Certificate) £85

Selling Total: £5,035

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 £1,180
• Postal Redirection £44

Moving Total: £1,220

The total average cost of moving house in 2022 is £13,160.

Are you planning to move in 2022?

Or perhaps you’re planning to upgrade or downsize in 2023?

Speak to a member of our team to find out how we can take the stress out of moving home.