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Buy A House, Do It Up, Sell At A Profit, Right?

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Lot 51 in the Clive Emson auction of 14th Feb 2011 a house was sold which had previously been bought in 2007 and then had a new kitchen fitted, double-glazing, new central heating boiler and radiators.

In 2007 the price was £158,500

In 2011 the price was £144,000

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Lot 51 in the Clive Emson auction of 14th Feb 2011 a house was sold which had previously been bought in 2007 and then had a new kitchen fitted, double-glazing, new central heating boiler and radiators.

In 2007 the price was £158,500

In 2011 the price was £144,000

my blog

Do you follow all the auctions?

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Lot 51 in the Clive Emson auction of 14th Feb 2011 a house was sold which had previously been bought in 2007 and then had a new kitchen fitted, double-glazing, new central heating boiler and radiators.

In 2007 the price was £158,500

In 2011 the price was £144,000

my blog

That'll be this one then:

http://www.housepricecrash.co.uk/forum/index.php?showtopic=159802

tim

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The new normal seems to be Buy a House, Do it up, try and sell it at a profit, fail, and rent it out instead.

There is going to be a lot more downward pressure on rents over the next few years as well as prices. So it will become a risk wether you can sell or rent depending when you bought and what you paid.

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There is going to be a lot more downward pressure on rents over the next few years as well as prices. So it will become a risk wether you can sell or rent depending when you bought and what you paid.

I agree, so long as the coalition doesnt keep bottling it and keep throwing more housing benefit to keep rents unaffordable.

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Latest Birmingham Auction, looks like people where falling over each other to bid, some silly prices. The following being the worst.

Lot 3, was sold by Dixons estate agent as a repo a few months ago for £40k, entered into the auction without being touched one bit.

http://www.cottons.co.uk/docs/Results.pdf

Few more that i was watching at the auction have shocked me, either it's bullish for prices in general or auctions are not the place for bargains any more.

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Heh, that's nowt; this bad-boy's a repo; asking price of £144,950 (not bad either, had a look around it):

http://www.rightmove.co.uk/property-for-sale/property-17974875.html?premiumA=true

Last sold data:

2007-01-22 86, Upminster Road South, Rainham, Greater London, RM13 9AA

Terrace, Freehold add details... £215,000

nelson-muntz.jpg

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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