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stubbsy05

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Registered: 23rd Oct 02
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8th Aug 06 at 12:44

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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Registered: 17th Feb 04
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8th Aug 06 at 12:46

welcome to the world of property investment

stubbsy05

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Registered: 23rd Oct 02
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8th Aug 06 at 12:47

Been looking at Sofas too Dave

Cosmo

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Registered: 29th Mar 01
Location: Im the real one!
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8th Aug 06 at 12:47

was that when it was new though or off plan? As always alot cheaper then.

Ally

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Registered: 2nd Jul 03
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8th Aug 06 at 12:50

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

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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Registered: 10th Oct 05
Location: Brighouse
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8th Aug 06 at 12:53

I find it really amusing that just about everyone remebers the convo of Daves 3K sofa. Hehe

willay

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Organiser: South East, National Events
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Location: Roydon, Essex
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8th Aug 06 at 12:55

Yeah, I wonder why

--Dave--

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Registered: 17th Feb 04
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8th Aug 06 at 12:55

tis funny i must admit

Gg_mf

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Location: Brighouse
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8th Aug 06 at 12:56

And it was quite a while ago too...still funny though.

Pablo

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Registered: 3rd Feb 03
Location: Milton Keynes
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8th Aug 06 at 12:56

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

*awaits Ally to ask for pics

Tom

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Registered: 3rd Apr 02
Location: Wirral, Merseyside
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8th Aug 06 at 13:02

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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Location: Brighouse
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8th Aug 06 at 13:06

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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Registered: 17th Feb 04
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8th Aug 06 at 13:10

I know, i owe Tom pics of my gf as well.

stubbsy05

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Registered: 23rd Oct 02
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8th Aug 06 at 13:12

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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Registered: 3rd Apr 02
Location: Wirral, Merseyside
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8th Aug 06 at 13:14

Alex

Dave -

x 10

Dione J

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Registered: 22nd Sep 04
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8th Aug 06 at 13:20

You can never loose money with investing in property only gain

willay

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Location: Roydon, Essex
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8th Aug 06 at 13:21

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

wrong.

Dione J

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Registered: 22nd Sep 04
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8th Aug 06 at 13:22

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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Registered: 15th Jul 01
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8th Aug 06 at 13:24

dont cream your pants just yet, as has been said there are ceilings to prices.

Tom

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Registered: 3rd Apr 02
Location: Wirral, Merseyside
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8th Aug 06 at 13:25

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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