a new report has shown four million over 55s plan to move to a smaller home in the future. 74% cited convenience as their primary motivation, whilst 28% pinpointed a financial motivation. For those looking to retire, downsizing can be a lucrative move to either help pay off your mortgage altogether, or to build up a pension pot. So how much could you make by downsizing? The report revealed that most expected to make at least £100,000, with one in ten respondents hoping to achieve double this amount. A quick look at some data on average house prices shows potential downsizers may not be too far off the mark. For those with children who have flown the nest, downsizing and losing unnecessary bedrooms is a potentially lucrative option. As an example, many London commuters buy large family homes in areas such as Surrey. In this leafy home county, even an incremental downsize can raise a significant amount of capital. One report pins the average 4 bed in Surrey as being valued at over £779,596; lose just a single bedroom and this price drops down to £654,883.