As a newbie to this forum, with less business acumen than your average, i was hoping someone may be able to offer me some practical advice on the timing of putting my Stratford property on the market.
I bought a victorian terrace on one of the best roads in the whole borough (a happy accident). Its 3 beds, living room, dining room, big kitchen with dining area and a 40ft garden. Its now starting to look quite nice as I have been slowly making progress with the interior & exterior - It had so little done to it in way of modernisation that it had all the original features, doors, skirtings, fireplaces etc. I wont be ready to sell for 2 years as i cant afford to get everything finished until then
My dilemma is this, i think its worth around 280,000, which is the same price as one of the new flats thats being purpose built in the investors blocks - but when should i sell?
The construction schedule for the area looks like this:
2006 - Stratford City construction starts ('000's new homes included)
2007 - Channel Tunnel link opens
2009 - Stratford City phase 1 complete (not sure what it entails)
2012 - Olympics
2012 - Gateway Bridge across Thames opens
2013 - Crossrail should open - additional tube line to central london
2020 - Stratford City complete
Within that schedule is a LOT of new flats. As i said, mine is a period property with original features, so will that put me ahead of the new flats? Or will new flats just flood the market? Should i sell before the Olympics on the back of the Olympics gravy train?
If i was really going to land on my feet at a later date, i could rent it out in the future if it would be potentially my nest egg.
thanks in advance
