Downsizers can make on average £500,000 if they trade in their five-bedroom house, for a three-bedroom house, new research has shown. The best returns in percentage terms can be found in the North East, where homeowners would be left with 65 per cent of their home’s value in cash. Those approaching retirement can choose to downsize as a way to free up capital and put it towards monthly income. As the cost of living crisis continues, homeowners may choose to downsize as a way to boost their cash. The UK average would see homeowners earn £498,687 if they downsize from a five-bed to a three-bed. …