A House was sold for 120k in May 2002

puddy

well, the land registry states that prices have gone down 24% in that postcode for those houses, in nov 07 to nov 08, so if you take 24 percent from the selling price in october 07 then you get about 150. in addition, the land registry states that semis have increased 20% since 2002 to 2008 so 120 plus 20% is 144k, so im saying 150.

i couldnt remember the website i used but i found it in the end!!

Robert_Sterling_3

Use the Halifax Price Index to get an up to date valuation as a guide.

Woby_Tide

Robert_Sterling wrote: »

Use the Halifax Price Index to get an up to date valuation as a guide.

but also take it with a pinch of salt. The paper down here reported a repo with an offer of £160k on it this week (exclusive development of 2 bed flats *cough*). Sold for £225k in Sept 2004, should now be worth £220k accoridng to Nationwide HPI

Sonofa

Woby_Tide wrote: »

but also take it with a pinch of salt. The paper down here reported a repo with an offer of £160k on it this week (exclusive development of 2 bed flats *cough*). Sold for £225k in Sept 2004, should now be worth £220k accoridng to Nationwide HPI

Totally agree, any calculation is only as good as the data the is input into it. Pity all those who bought into the 'exclusive development of two bed flats' (surely they were 'apartments' at that price) once this one sells for 160k. All valuations will be skewed (sp) for ever after.