...house prices on Rightmove

RedfordML

Used to really enjoy this feature until today...


We sold our property in 2013, in Milton Keynes.


Eventually we accepted £175k. Today, said house is being advertised for £280k. Im not going to lie, im gutted. Our current property has "made" 30k but its incredible how much prices have gone up in MK


Amazing to think that we were struggling to get offers over 170k when we first went to market.


Anyone else check recently sold properties and think what could have been had we waited a couple more years!!?

ElsieMonkey

Back in 2013 you may have sold your place for less than it's valued now, but the house you bought and live in now would have been less in 2013 than it is now too? It's all relative. So I wouldn't worry about it.

phoebe1989seb

Not us personally, but in late 2014 DS sold a flat in SW London for £385k. Current sold prices for the same size/condition flat in his old road are £500k+

However, his new flat in Brighton has most likely increased by a similar amount......

sheff6107

Today, said house is being advertised for £280k

They can advertise for £1m though! Doesn't mean it's worth that or anyone will buy.

Every chance it might not shift and be reduced to £220k in 6 months time.

hazyjo

Did you not know the area you were buying in was going up at a slower speed, or was it about the same back then?


I've nearly doubled my house price in 3 years! The area I'm moving to (prob next year) is cheaper - it has been one of my concerns that I'll regret going next year as my current house will probably continue to rise at a much greater speed than where I'm buying.


If I left it another couple of years (ie move in 2019), I could end up with something amazing.


But then where does it end


Jx

Cakeguts

Is it exactly the same as when you sold it or has there been some updating?

Davesnave

Within 3 to 4 years of selling my last house, similar properties had put on £100k, but do I care?

Not a lot.

For a start, I didn't want 4 more years of Groundhog Day. After 21 years I was more than ready to move on.

Secondly, I was 60 when I sold-up to look for a property with potential, so time wasn't on my side.

The property I purchased is well on the way to being finished now, thanks to much hard work. It's probably worth a little more than the old place. However, the important difference is that its area is 25 times greater and there's still plenty of scope, whereas there was nothing left to do in the old property.

When you've outgrown a house, or the neighbourhood has changed for the worse, it's time to move on. Life is too precious to waste on speculative procrastination if you can afford to make the break.

Hoploz

We were annoyed when the house next door to us made a lot for little input. He bought in 2012 for 395k and resold three years later for 520k.

We bought in 2007 for £385k, spent over 100k extending and renovating and sold in 2014 for £570k.

Our neighbour did virtually nothing except pave the driveway and paint the bricks (inside was in great condition already) We did loads, but the relative gain was poor.

The EA was stunned to have achieved what he did in terms of price, but explained the seller just happened to get lucky. There was very little on the market, and a long-term local family who had moved away a couple of years before were so desperate to move back that they were willing to pay the premium. The house was nice, but over priced, but they bought it anyway due to their own circumstances.

moneyistooshorttomention

I check back occasionally to see how house prices are doing in my last area.

Mixed basically.

The ones I wanted there have gone up - quite a lot - in the couple of years since I moved to current area. One recent "look" had me thinking "I knew I basically had to start looking there for what I wanted at £220k - but I rather wonder whether I'd have to start looking at £400k now:eek:". I couldnt manage the £220k and hence moved.

On the other hand - the type of house I had (starter terrace house) and the type of area it was in (average-ish) seem to have stayed pretty much the same sort of price level in that time (ie was around £170k and still around £170k). In other words - what I had has basically gone down in value. I think it must be because so many of our starter houses there have been turned into "buy-to-lets" from what I can make out and landlords won't pay what they are worth so to say.

End result = if I'd stayed where I was then my house would have decreased in value - whilst what I wanted shot up in value and the gap would have gone from unbridgeable to :eek: as regards bridgeability.

So - from that pov then it didnt really make much odds to move here for someone that had a house like mine.