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Author Just found out some info about the flat I'm buying
stubbsy05
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Registered: 23rd Oct 02
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8th Aug 06 at 12:44   View User's Profile U2U Member Reply With Quote

Did a little snooping around on internet.

The couple who currently own the flat I'm buying bought it for just £32,000 in 2000. I'm buying it for £83,000.

That means that on average the flat has gone up £8,500 a year in the last 6 years

[Edited on 08-08-2006 by Alex.S]
--Dave--
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8th Aug 06 at 12:46   View User's Profile U2U Member Reply With Quote



welcome to the world of property investment
stubbsy05
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8th Aug 06 at 12:47   View User's Profile U2U Member Reply With Quote

Been looking at Sofas too Dave
Cosmo
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8th Aug 06 at 12:47   View User's Profile U2U Member Reply With Quote

was that when it was new though or off plan? As always alot cheaper then.
Ally
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8th Aug 06 at 12:50   View User's Profile U2U Member Reply With Quote

Ditto Alex, someone bought mine years ago for 27k, i paid 67

Hopefully when we sell we should have an increase as well!!!
--Dave--
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8th Aug 06 at 12:52   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Alex.S
Been looking at Sofas too Dave


good lad, you want to be comfortable when you sit and watch telly

Some massive sales on at the moment too.
Gg_mf
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8th Aug 06 at 12:53   View User's Profile U2U Member Reply With Quote

I find it really amusing that just about everyone remebers the convo of Daves 3K sofa. Hehe
willay
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8th Aug 06 at 12:55   View Garage View User's Profile U2U Member Reply With Quote

Yeah, I wonder why
--Dave--
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8th Aug 06 at 12:55   View User's Profile U2U Member Reply With Quote

tis funny i must admit
Gg_mf
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8th Aug 06 at 12:56   View User's Profile U2U Member Reply With Quote

And it was quite a while ago too...still funny though.
Pablo
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8th Aug 06 at 12:56   View User's Profile U2U Member Reply With Quote

mine were built last year beiung sold to be at price they were built at £130k and they were revalued recently at £142k so I make a few quid just by moving in

and its never been lived in, so brand new with 12months warrenty, builders thing wotever it is

[Edited on 08-08-2006 by Pablo]
--Dave--
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8th Aug 06 at 12:56   View User's Profile U2U Member Reply With Quote



*awaits Ally to ask for pics

Tom
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8th Aug 06 at 13:02   View User's Profile U2U Member Reply With Quote

Don't forget every property has a ceiling value it aint gonna be worth another £85k in 10 years
Gg_mf
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8th Aug 06 at 13:06   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by --Dave--


*awaits Ally to ask for pics





Yes we still never saw any pictures of the famous sofa
--Dave--
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8th Aug 06 at 13:10   View User's Profile U2U Member Reply With Quote

I know, i owe Tom pics of my gf as well.
stubbsy05
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8th Aug 06 at 13:12   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Tom
Don't forget every property has a ceiling value it aint gonna be worth another £85k in 10 years


Yep I know that, just hoping mine will go up a bit still yet. Should do hopefully as the price I am paying is the price of a 1 bed (mines 2 bed) flat.
Tom
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8th Aug 06 at 13:14   View User's Profile U2U Member Reply With Quote

Alex

Dave - x 10

Dione J
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8th Aug 06 at 13:20   View User's Profile U2U Member Reply With Quote

You can never loose money with investing in property only gain
willay
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8th Aug 06 at 13:21   View Garage View User's Profile U2U Member Reply With Quote

quote:
Originally posted by d_jay50
You can never loose money with investing in property only gain


wrong.
Dione J
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8th Aug 06 at 13:22   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by willay
quote:
Originally posted by d_jay50
You can never loose money with investing in property only gain


your not wrong.


SetH
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8th Aug 06 at 13:24   View User's Profile U2U Member Reply With Quote

dont cream your pants just yet, as has been said there are ceilings to prices.
Tom
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8th Aug 06 at 13:25   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by d_jay50
quote:
Originally posted by willay
quote:
Originally posted by d_jay50
You can never loose money with investing in property only gain


your not wrong.





That's funny what happens if we go into recession again then?

 
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