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Overpaid for house...

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  • Skiddaw1
    Skiddaw1 Posts: 2,268 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    That's true, but if the OP is intending to stay put for a few years I expect that even if they did overpay slightly it'll all balance out. As you say, it's a form of investment right enough, but a long-term one generally.
  • Mnd
    Mnd Posts: 1,699 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    Crashy, my postcode is sn13..I bought the boiler last year. The house next door to mine gets £1k month rent, so the boiler cost approx 3 months rent
    No.79 save £12k in 2020. Total end May £11610
    Annual target £24000
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Mnd wrote: »
    Crashy, my postcode is sn13..I bought the boiler last year. The house next door to mine gets £1k month rent, so the boiler cost approx 3 months rent

    I`m assuming the house next door looks better than this one?

    https://www.rightmove.co.uk/property-for-sale/property-55825944.html

    They do seem keen to get this one shifted don`t they.......

    https://www.propertylog.net/
  • robatwork
    robatwork Posts: 7,266 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Sadly it seems Jumbowindows will never come back to tell us what his house is now worth and if in hindsight that 30k was significant.
  • Davesnave
    Davesnave Posts: 34,741 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    robatwork wrote: »
    Sadly it seems Jumbowindows will never come back to tell us what his house is now worth and if in hindsight that 30k was significant.
    Yup, I'm disappointed, but resigned to the fact that it seems unlikely.

    Still, looking on the bright side, maybe he no longer has such earthly cares like the rest of us. ;)

    Or he might have won the lottery and be too busy right now, living it up in Thailand with a whole bunch of nubiles.....:grouphug:

    Anyroad, I bet he isn't out there, sweating in the sun, digging holes and concreting, like I am! :(
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    https://www.rightmove.co.uk/property-for-sale/property-72629876.html

    60k price drop anyone?
  • Davesnave
    Davesnave Posts: 34,741 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Crashy_Time wrote: »
    https://www.rightmove.co.uk/property-for-sale/property-72629876.html

    60k price drop anyone?
    No thanks. Had that, moved on.The traffic on London Road (or indeed any road) into Bath can't have improved any. Twelve years ago, I used to do a huge detour to avoid it.


    You sure pick expensive areas! I blame that Peter Gabriel bloke.
  • robatwork
    robatwork Posts: 7,266 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Davesnave wrote: »

    Or he might have won the lottery and be too busy right now, living it up in Thailand with a whole bunch of nubiles.....:grouphug:

    Get out the sun Dave. It is making you a little delirious.

    Anyway Jumbo Windows need Jumbo Blinds/Shutters in this weather.
  • shortcrust
    shortcrust Posts: 2,697 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker Newshound!
    edited 26 August 2019 at 4:10PM
    It is funny how many people think they’ve overpaid for their home because an almost identical* property nearby has sold for less.

    * “Oh, but of course ours has an extra room, is more attractive, better end of the road, private garden, better condition, etc etc. We probably wouldn’t have touched the cheaper one with a barge pole but in most ways it’s exactly the same...”
  • qwert_yuiop
    qwert_yuiop Posts: 3,617 Forumite
    Part of the Furniture 1,000 Posts
    RelievedSheff wrote: »

    If you have no plans to move it is irrelevant what it is worth.

    Not really. If you paid too much, youve either got too high a mortgage payment going out every month, or you’ve tied up your capital when you could be doing something else with it. Or both.
    “What means that trump?” Timon of Athens by William Shakespeare
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