Hometrack??

continualdiamond

I was reading a post further down that mentioned this site, so checked it out myself.

So what is a deed price?? Im a bit confused, cos the property where buying says the deed price in 2004 was 60k, we are buying this flat for £82000, though it was on the market for £84950. Im a bit confused thats all.

Especially as this flat where buying is ground floor, so bonus of a garden, no decorating needed. I know another flat has gone up for sale on the street, 1st floor and is on the market for £79950.

So am i paying a lot over the value?? Scared now...

cattie

You have to expect the value of the flat to have gone up in 2 years & you don't know how much the previous owners spent on improvements to the property.

You will always pay more for a ground floor flat with own garden compared to a flat with no garden & it will always appear more attractive to prospective purchasers.

Stop worrying, you obviously thought the flat was well worth what you offered, so relax & start looking forward to living in your new home.

Take some comfort & feel smug in the fact that down here in London & the SE, 82k won't even get you a garage let alone a nice flat with a garden.

F_T_Buyer

All they mean is the price the property was last sold at (when refering to comparable sold properties).

Look at "today's price".

Only you can say if the properties is overvalued or not. Maybe look at what other house sold at: https://www.houseprices.co.uk