Daimo B
Member
Registered: 20th Mar 00
User status: Offline
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You made a profit yet from moving in? What did your house cost when you bought it, how long you lived there, and how much when you sold it/other comparable house prices in the area......
Just wondering if people had made money on their houses yet.
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Rachael 1985
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Registered: 3rd May 07
Location: Leicestershire Drives: Corsa Sport
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We paid £96,000 in May 06 and we haven't really done much but if we sold it now we could get up to £110,000. So don't know whether thats just cus the house prices have risen in the last 12 months. 
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Colin
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Registered: 4th Apr 02
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Mines worth about double what I paid for it 2 years ago, but thats really only because I bought it cheap in the 1st place (remortgage needing alot of work done) I had to throw a lot of money into it in the first place & then some of the current value is rise in house values in general!!
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Ecosse Sport
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Registered: 5th Jun 02
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Bought a flat in 2005 for £43k spent £8k on it and sold it for £120k last week, this in Aberdeen.
I have another flat in the same development which I bought 7 years ago for £41k so it should be worth about as much now too.
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Colin
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Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by Rachael 1985
We paid £96,000 in May 06 and we haven't really done much but if we sold it now we could get up to £110,000. So don't know whether thats just cus the house prices have risen in the last 12 months.
Yeah most of the time it will be, making any 'profit' is unreal thinking because while your house has raised in value by £14k the house your moving to will have raised at a similar % over the same time.
Only way its going to make you a profit is 1. if you downsize 2. sell the house completelly to live with someone else, or 3. If you paid under the going rate like I did & made it more valuable.
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Robin
Premium Member
Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
User status: Offline
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My brother bought a house a few years back for £29k, needed a complete re-decoration, new kitchen and tidy up in the garden, he did all that and sold it a year later for £68k, which was £5k more than the other houses in the road were worth (it was a 2 up, 2 down terrace in a popular village)
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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bought a flat in Manchester 3 years ago for £205k, valued at around £225k now. Should be selling up this summer sometime.
Parents house they built for just under £200k (including plot) 15yrs ago ish, should be going on the market for around £800k this summer.
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Fee
Member
Registered: 16th Nov 05
Location: With AK
User status: Offline
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I've been in my flat 3 and a half years....
It used to belong to my dad...he first bought it for £145k....we bought it off him a year ago for £160k but it was valued at 180k
Think it'll be worth about 185-190k now
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Liam
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Registered: 19th Jan 06
Location: Stafford
User status: Offline
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Parents bought a new build house for £107,000 and was valued at £210,000 a few years ago.
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ed
Member
Registered: 10th Sep 03
User status: Offline
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I'm going to be getting an apartment on an interest only mortgage in Birmingham in a few weeks. The plan is to live in it for 3 years, then sell it when I'm done here. Hopefully it will have risen in value and cover a decent majority of what I was paying to live in it.
I know I guy who bought an apartment for about £200k in Birmingham about 6 months ago, there is so much demand for apartments in that building now it's worth £240k 
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Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
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bought for 67k Feb 06, valued at approx 95k this year
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Colin
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Registered: 4th Apr 02
User status: Offline
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To put a figure on it, I bought a 1 bed flat for £36600 in March 05, put around £3k into a refurb (new internal & extrnal doors, new bathroom, raggled new lights & switches, & all wall & floor coverings + loads more) & one exactly the same sold 2 months ago for £65000 so im guessing mine is now £65-£70k. Sounds pretty good but in the same time houses I would like to see myself moving to are going up even more rapid.
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ed
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Registered: 10th Sep 03
User status: Offline
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I'm still amazed when people say they buy houses for £36k 
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Colin
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Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by ed
I'm still amazed when people say they buy houses for £36k
Well its an ex council 1 bed flat, I wouldnt have bought it if it wasnt a bargain buy Big houses 3-4 bed semi's go for about £200k+ hopefully that will be my next move, still good to have made a start, its getting increasingly more expensive & I dread to think what prices will be like in years to come.
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Colin
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Registered: 4th Apr 02
User status: Offline
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This one here is almost identical to mine, in same town - http://www.rightmove.co.uk/viewdetails-7817511.rsp?pa_n=1&tr_t=buy
Mines a bit more tastefully decorated though
[Edited on 05-06-2007 by Colin]
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Mad Moe
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Registered: 14th Jun 01
Location: Northumberland
User status: Offline
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Bought my first place in 2004 for £56K and sold it 18 months later for £96K and my current place was £249K and was valued recently at £272K so I quite happy with the capital growth
My Mam and Dad built their own place in 1986 for £60K including the land and it was valued last year at £480K
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Daimo B
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Registered: 20th Mar 00
User status: Offline
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I got mine for £177k jsut over 1 year ago.
House prices in the area are now £220-£240k
However, i have absolutly no plans to move, as the next kinda house we will be going for will have to be a substantial size otherwise it isn't worth it.
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Mark Petty
Member
Registered: 26th Jul 01
Location: Bournemouth Drives: Suzuki gsf600
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I made £25k on my last flat then bought a house for £176k got a mortgage for £155k and its now worth about £210k  so roughly £55k profit so far
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--DAN--
Member
Registered: 3rd Feb 03
Location: Bottesford. Drives;3 Series
User status: Offline
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Ive been pretty luck with houses, went to look at some new houses in a nice area(only aged 19 and no intention of buying) and ended up buying a brand new 2 bed semi that day for 42k(in 2000) Sold that in 2006 for 100k and again bought a brand new house. This time a 3 bed detatched house which a couple had bought as an investment property but then split up, leaving the house empty for 11 months, eventually they threw it on the market at 125k to get rid and i snapped it up. got a really big private garden considering its a new build. Probs worth in the region of 180k now.
[Edited on 07-06-2007 by corsa-dan]
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Mad Moe
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Registered: 14th Jun 01
Location: Northumberland
User status: Offline
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£125K for a new 3 Bed Detached I've just sold an 1960's 2 Bed flat for that sort of money
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--DAN--
Member
Registered: 3rd Feb 03
Location: Bottesford. Drives;3 Series
User status: Offline
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lol. I know, was pure luck really, i'd noticed it was empty whilst walking my dog and one day i took a look round the back of it, a lovely private garedn but, the weeds were 6ft high!! but it was brand new inside, even brand new carpets and superb kitchen and bathroom fittings. A few days later it went on the market and I got a viewing, agent asked if i was interested, which I was, but i said i would need a buyer for my house first, got a phone call later that day from the vendor offering full asking price for my home if I promised to buy theirs Reason being, they thought the state of the garden would slow a sale down and that they were looking for a smaller property to add to their portfolio. It was the easiest sale/purchase ever. The garden is costing around 4k to sort out but who cares lol.
[Edited on 07-06-2007 by corsa-dan]
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GT4Brody
Member
Registered: 26th Sep 01
Location: south
User status: Offline
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Bought my flat for £137,950 sold it for £167,950 so £30k profit, bought my house for £245,000 10 months ago one very similar in road now up for £299k.
so could say £84,000 profit, but is all relative, house prices could drop still, i also still have HUGE mortgage!
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Dee
Banned
Registered: 19th Sep 01
User status: Offline
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Mum and Dad bought their 5 bedroom house which is mahoosive in 2005 for £300,000, 2 years later after spending a few grand its worth nearly £425k and they have no mortgage 
Ridiculous. When my grandad passes away and they downsize and as long as the market hasn't crashed they are going to have one hell of a retirement.
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Lisa
Member
Registered: 6th Apr 00
Location: Euxton, Lancashire
User status: Offline
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i bought mine in 96 for 25k and just sold it for 85 for quick sale could of prob got 100 if not quick sale
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mav
Member
Registered: 19th Jun 01
Location: Scotland
User status: Offline
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1st house I bought for 33k and sold for 76k 10 years later.
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