How has this house gone up so much?

[Deleted User]

Mark_Glasses said:

@MeteredOut ideally to buy a house and for it to go up by £440k in 7 years time.

You're not likely  to, nor are 99.99% of house buyers. One lucky break buying something that doubles in value,  is out of reach of nearly everyone especially at the moment. Someone else's gain is not your loss, your loss is only being stuck in what you call a "soul destroying" desk job so change that if you can. 

spoovy

Firstly, wealth accumulation in the UK is overwhelmingly dumb luck. I would've thought you'd have figured that out by now if you're in your 40s, but as you apparently haven't then maybe your friend's recent unearned jackpot will clue you in.

Secondly and sorry if I offend but it's pretty immature to put so much importance on wealth and status at your stage of life. I think many of us do when we're young, but when you've lived and learned a bit you generally come to realise how shallow and silly it all is.

I'd suggest reading about stoicism.  From one of the greatest, Seneca:

"If what you have seems insufficient to you, then though you possess the world, you will yet be miserable"

MeteredOut

Mark_Glasses said:

@MeteredOut ideally to buy a house and for it to go up by £440k in 7 years time.

Mods, please move this post to the Time Machine forum.

johnhenstock

Mark_Glasses said:

@MeteredOut ideally to buy a house and for it to go up by £440k in 7 years time.

buy somewhere hot (cambridge, oxford, surrey), buy a 4 bed (semi) detached property in bad condition, do it up to a high quality standard, clear all problems (boundaries disputes, damp, structural issues etc), make sure there's parking, extend and it will sell like hot bread.

CSI_Yorkshire

Mark_Glasses said:

@MeteredOut ideally to buy a house and for it to go up by £440k in 7 years time.

You're not going to do that on an internet forum.

Limited RoI here.

sheramber

When you find out how to do that  let us all into the secret.

RelievedSheff

The secret is to go and buy it rather than wishing you had done in later years.

Mr.Generous

Mark, you don't know what's round the corner. Good luck, or something awful might happen to you. Try and enjoy what you have. I've worked hard in a stressful job for 28 years, got made redundant, nearly went under and come out lucky. If I'd worked to try and get rich I doubt I'd have succeded. I did something I really enjoyed after redundancy and it paid off. The only thing I would say is to make money I had to take risks and speculate to accumulate.

Mark_Glasses

@[Deleted User] both need to be addressed. I'm trying to change jobs, applied for one that looked right up my street last week and received a rejection email this morning.

@spoovy it's true there are people who were born rich and stay rich without making any effort. It's difficult to not put importance on wealth when you live in a flat that's far too small, can't afford to have children and are reaching an age where you are too old to have them.

@MeteredOut OK

@johnhenstock not London then

@CSI_Yorkshire just trying, I'm clueless at the moment

@sheramber OK

@RelievedSheff I don't know what is the right place and right thing to do to increase its value

@Mr.Generous I was made redundant from a job I hated and ended up taking a job I knew I'd hate because that's all I was offered.

johnhenstock

London only works if you can get a property at considerably under market OR if the numbers are so big that even a 1% increase will amount to a lot of money. also, "London" means different things to different people. if you're a snob, London is more or less zone 1, where for some people London is M25 + 5-10 miles radius.

the highest house price growth has been in former cheap areas up north.