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Value of an old house

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Comments

  • caronoel
    caronoel Posts: 908 Forumite
    I've been Money Tipped!
    The actual age of the building is less relevant to its value than the degree to which it has been maintained. In all likelihood much or all of the original fabric of the building has been replaced at least once

    I am minded of Trigger’s response when claiming he still has his original trusty broom:
    “Maintained it for 20 years. This old brooms had 17 new heads and 14 new handles in its time.”
  • Brock_and_Roll
    Brock_and_Roll Posts: 1,207 Forumite
    Part of the Furniture 1,000 Posts
    Over such a long period so many "parts" are likely to have been replaced that not much that was part of the original property on the site is likely to remain. The late Victorian era brought about huge technical innovations such as electricity, and plumbing and the installation of all these new comforts was a trigger for a huge alteration in many earlier extant buildings.


    My house, or rather 2 cottages was "built" in 1810, but you would be hard pressed to find much that is more than 50 years old other than a couple of tell-tell thick stone walls, which wont change much in 10,000 years.


    Usually going up in the loft can give you clues - have a look a the roof joists for age. Assuming the property has not been re-roofed you can date it by the style & construction of the joists.


    Enjoy your new house with all its little imperfections - at least it will still be standing in another 200 years - something which cannot be said for the vast majority of todays new builds!
  • Ozzuk
    Ozzuk Posts: 1,884 Forumite
    Eighth Anniversary 1,000 Posts
    If you'd bought house because it was built in 1900s and that was a key selling point - advertised as such etc then maybe you'd have some recourse. As it stands, no chance and as others have said it has no real bearing - if anything it makes it more attractive!
  • caprikid1
    caprikid1 Posts: 2,585 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I think its probably added to the value not detracted
  • Keezing
    Keezing Posts: 322 Forumite
    Eighth Anniversary 100 Posts Name Dropper Combo Breaker
    That's fantastic news OP, I would be blown away if my house from 1910 was actually a 1700s house!

    Think of the history! :-)
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Keezing wrote: »
    That's fantastic news OP, I would be blown away if my house from 1910 was actually a 1700s house!

    Think of the history! :-)
    Wow! 300 years!

    Just imagine how many people have died in the property in that time!
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    edited 13 March 2017 at 6:17PM
    ST1991 wrote: »
    We still love the house, and don't regret buying it. I just wasn't sure if there are any repercussions now we know the 'true' age. E.G have we bought something valued based on its age, but it's actually worth less.
    .

    LOL of course not, properties are valued on various attributes (of which location, famously is the main one) such as size, number of rooms, condition. Age is an irrelevance unless perhaps it was 500 years old and you can prove Shakespeare lived there at some point.
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