How Much Does it Cost to Sell a House?
It costs £5,852 to sell a house priced at £234,370 (UK average house price). The cost of selling a house will vary depending on the price of the house, whether you use an online or traditional estate agent and if you need any additional services.
It should be noted that this cost is just an average price and the costs involved in selling your house could be more or less.
The Cost of Selling a House
The total cost of selling a house is £5,852* for a house priced at the UK’s average of £234,370. You should note that these costs are just an average, and your true cost of selling your home will vary depending on the size, price, services required and estate agent used. Use our free moving house calculator to see the full costs involved in moving.
Estate Agent Fees
£2,343 - £7,031 (1-3% of the final sale price)
£1,000 (inc. VAT) - solicitor’s legal fee
Conveyancing Disbursements (Land Registry Search & Telegraphic Transfer Fee)
£6 & £40 - these are fees on top of the solicitor’s legal fee
Surveying Cost (Homebuyer Report)
£500 - not essential but some sellers prefer a second opinion
Mortgage Fees (Porting a Mortgage)
Up to £450 - for a valuation survey (if porting mortgage the same price)
Energy Performance Certificate (EPC)
£60 - £120 (inc. VAT)
Removal Company Cost
£1,181 - for a 3-bedroom house travelling 50 miles with packing
Home Report (Scotland)
£350 - £450 (+VAT) - depending on the surveyor and size of your home.
* To work out the overall average cost of selling a house, we worked out the estate agent fee of 1.18% commission of the average UK house price of £234,370, £1,000 conveyancing fee, £46 conveyancing disbursements, £450 mortgage valuation survey if porting a mortgage the same amount as your current one, £60 EPC, £1,181 removal cost and £350 for Home Report.
Estate Agent Fees When Selling a House
Data from The Advisory revealed that the average high-street estate agent fee in England and Wales is 1.18% plus VAT. Selling a house priced at the average UK house price of £234,370 will see estate agent fees of £2,765.
Estate agents will base their fee on a percentage of the final sale price. Although estate agents are known to charge anywhere between 1% and 3% of the property price, this isn’t payable until after your house has sold.
Many estate agents will offer a ‘no sale, no fee’ service which means if the sale falls through, they won’t charge commission. Online estate agents usually offer a fixed-fee price, regardless of the price of your house, but you’re usually required to pay this upfront. Prices will vary depending on who you work with and so it's important to create a list of questions to ask estate agents before deciding.
Online vs Traditional Estate Agents
With most high-street estate agents charging a percentage fee of the final sale price, many people are turning to online estate agents like PurpleBricks and Yopa as they usually offer a fixed-fee service. Online estate agents that provide fixed fees will typically require the payment upfront, which doesn’t give peace of mind if the sale falls through.
As most of the service is done online and the seller will be responsible for a lot of the work, online estate agents can offer cheaper prices than traditional high-street estate agents. Online estate agents will be significantly cheaper if your house sells at a high price, as the selling fee remains a fixed-fee regardless of your house price.
However, very few online agents reveal the proportion of the homes listed through them that actually sell. For those that don’t sell, the owner is likely to have paid the online agent and then, after a period without finding a buyer, may go on to pay a traditional agent as well.
Estate Agent Fees for Average UK House Price
High street estate agents vs online estate agents fees for the UK average house price of £234,370:
- High-street estate agent: £2,765 (1.18% commission fee)
- Online estate agent: Fixed rate of £300 - £1,500
Conveyancing Fees for Selling a House
Conveyancing for selling a freehold house costing between £100,001 and £200,000 will cost roughly £1,000. Below are the average solicitor fees for selling a house. We took a sample of fees from 50 verified conveyancers across the UK to find these averages, but this is just an indication of costs. Fees will vary greatly depending on your situation and conveyancer.
|Property Value||Avg Freehold Cost*||Avg Leasehold Cost|
Up to £100,000
£100,001 to £200,000
£200,001 to £300,000
£300,001 to £400,000
£400,001 to £500,000
£500,001 to £600,000
£600,001 to £700,000
£700,001 to £800,000
£800,001 to £900,000
£900,001 to £1,000,000
EPC Certificate Costs
An Energy Performance Certificate (EPC) costs between £60 and £120. You will need to get an EPC by law when you’re selling your house. An EPC will be valid for up to 10 years, so you need to ensure you have one when you put your house on the market.
Getting an EPC is vital as it will help you to improve the chances of getting your property sold. The certificate will give you an accurate idea on your property’s energy usage and costs, allowing you to make any necessary changes to increase interest in your home.
What Happens to Your Mortgage When Selling?
If you’re selling your house and still have a mortgage, you can either port your mortgage - that is, take the same deal through the same lender to your new property - or look for a new mortgage deal. Both will come with extra fees, so it’s down to you to decide if you want to transfer your mortgage or apply for a new deal.
Costs of porting a mortgage
When you port your mortgage, it’s transferred from your current property to the one you’re buying. Porting a mortgage will mean repaying your current mortgage on the sale of your house whilst resuming the mortgage with the same lender on your new house.
- Borrowing the same - you will usually have to pay for a mortgage valuation survey. Some lenders offer this for free, whilst others can charge £450 and more.
- Increasing borrowing - research from The Advisory claims an arrangement fee between £100-£500 may be payable.
- Decreasing borrowing - you may have to pay an early payment fee, usually 1-5% of the differential loan amount, according to The Advisory.
Costs of remortgaging
If you choose to get a new mortgage deal, you will have to pay the same fees that you paid originally.
- Arrangement fee - £1,000 - £2,00
- Booking fee - £100-£250
- Valuation fee - £150-£1,500
- Early repayment fee - Depends on lender
House Removal Costs
Hiring a removal company will cost on average £1,181 for a 3-bedroom house travelling 50-miles. Once you’ve found a buyer for your house, you will need to arrange your removal company. The cost of your house removals will vary on the size of your house, distance travelled and if you require any extra services such as packing. Below are the average costs for different sized moves, travelling 50 and 150 miles.
|Size of Move||Travelling 50 miles||Travelling 150 miles|
Home Improvement Costs and Getting Your House Ready for a Sale
Research from online bank Zopa shows that the UK spend £83 billion on home improvements each year, with each homeowner spending £3,048 a year to get their property ready for selling. The total cost of your home improvements will vary depending on how much work you need doing and which tradesperson you choose.
A YouGov survey revealed the most popular home renovations that sellers do in preparation for a successful house sale:
- New kitchen - 22%
- New garden - 20%
- New bathroom - 16%
- Extension - 10%
- Loft conversion - 7%
Do you Pay Stamp Duty when Selling a House?
You don’t have to pay Stamp Duty, or the other stamp duty equivalents charged in some parts of the UK, when selling a house. The buyer will be responsible for paying Stamp Duty after completion day. To find out more about Stamp Duty if you’re buying a house, too, check out our Stamp Duty calculator.
Capital Gains Tax When Selling a House
You may have to pay Capital Gains Tax (CGT) when you sell a house if you may profit on a house that is not where you live. According to the government, you’ll need to pay Capital Gains Tax on a house if it’s:
- Inherited property
- A holiday property
- Business premises
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