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heart of lothian

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About heart of lothian

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  1. 38 year old Train Driver. Bought my first flat in Edinburgh for 34k sold years later for around 40k then I bought a newish car with the profit. Second house was a Georgian Terraced house for 85k, sold 2 years later for 115k. Found a unusual property for 175k and sold it 3 years later for 460k Moved way up North and bought a 6000 square foot mansion with 50 acres for 420k, sold that in 2005 (eighteen months later) for 565k. Downsized as I thought the market would tank, bought a nice cottage for 240k, sold that a year and a bit later for 330k. Rented a big old house for a year but its a pain in the ass if you have kids/dogs/cats. Moved into a wee Gothic house overlooking the sea 4 weeks ago. Bought for 163k cash, leaving 275k in the bank and 30k worth of shares. Thanks to all on HPC for keeping my faith strong when Ive doubted!
  2. Will prices plummet in Scotland? At the very least we should hopefully see an end to the 20% extra that has been paid over the asking price. Chuck in inflation and I reckon we will see drops of 20-25% next year. This assumes that property prices stay stagnant and demand slows. (Not too bearish imo). Should prices drop then the scenario could be a lot worse.
  3. Any advice gratefully received! S.T.R. On the 10th September, renting a lovely old house, big rooms lovely garden very happy except, the Heating costs seem to be at least double (probably triple) what I would expect. Ancient old boiler which drinks oil like nobodys bus. This is costing me hundreds of pounds extra each month. Can i expect any sympathy from landlord?
  4. Hi folks, First time poster so be gentle! A couple of weeks ago I stumbled across this site while I was wrestling with the sell/stay put dilemma. The views have provided further proof to me that selling is the correct option. Ive been buying and selling Property in Scotland for the last 14 years, and if I sell my own house now I will walk away with around 500k. (House is worth 275k). My yearly wage is around 30k, so I cant afford to lose any equity! Thanks again folks for tipping my desicion. H.O.L.
  5. Hi folks, First time poster so be gentle! A couple of weeks ago I stumbled across this site while I was wrestling with the sell/stay put dilemma. The views have provided further proof to me that selling is the correct option. Ive been buying and selling Property in Scotland for the last 14 years, and if I sell my own house now I will walk away with around 500k. (House is worth 275k). My yearly wage is around 30k, so I cant afford to lose any equity! Thanks again folks for tipping my desicion. H.O.L.
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