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...my last property sold for!
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I sold for £25K in 2003, taking 18 months to sell. 3 years later it sold for £66K. But it was cheaper than paying rent for the period I owned it, and it looks as though the people who bought from me did a fair number of improvements. The area got gentrified just after I moved, but seems to have gone back down a bit since,the last two to sell on the same street went for £52K and £62K, and 'mine' was on the market and didn't sell, about 2 years ago.All posts are my personal opinion, not formal advice Always get proper, professional advice (particularly about anything legal!)0
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Not quite one I bought but we nearly purchased a 2 bed in Leytonstone for £260k in 2011/12. It was on the market recently for £480k. We instead rented for that time period as I was going to borrow some of the deposit to buy it and wasn't comfortable with doing that.0
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Ours was Milton Keynes.
Just wondering if much change in last 5 years. We couldn't give it away, 3 years on...wallop!
AlexMac I really shouldn't have...0 -
We sold our 3 bed semi in Bath during the Crash of 2008, achieving £100k less than our neighbour's similar semi achieved just 4 years later.
As empty nesters, we'd no pressing reason to sell at such a ridiculous time, but we reasoned that as the market had gone Pete Tong, we'd rent, find a bargain for cash, do it up and benefit from taking a calculated risk.
"Buy when others are fearful," as Alvin Hall once famously proclaimed. He wasn't really talking houses, though.
Was it a great strategy? I'll let you know when we finish the 'do it up' phase! :rotfl:0 -
Bought for £3k in 1976. Sold 2016 for £143k.(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
Mine was in Northampton. Same story as RedfordML, prices were static for 4-5 years in the area, maybe even slipping a bit, then wham, people leaving London found Northampton and the prices shot up like mad, around 10% a year.0
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