Jump to content
House Price Crash Forum
vroomvroom

Sold My House - Details (Facts)

Recommended Posts

Some facts – Sold house - Exchanged, complete next week

Detached house Herts, bought in Q1 2006, not advertised and not a motivated seller, sold for 13% more than purchase price (less circa 4% we spent in renovation costs)

So net gain 9% in 5 years

Original buy and current sell costs (legal, stamp, agent fees etc) halves this number to circa 4.5%

Compound inflation during the same 5 year period (RPI) is circa 17%

So net net net ---- 2% loss over 5 years

**The EA value from peak (2207) to trough (2010) was a spread of 21% - fortunately I didn’t believe him on both accounts...

Now renting .....looking for part built/ renovation project

Share this post


Link to post
Share on other sites

Some facts – Sold house - Exchanged, complete next week

Detached house Herts, bought in Q1 2006, not advertised and not a motivated seller, sold for 13% more than purchase price (less circa 4% we spent in renovation costs)

So net gain 9% in 5 years

Original buy and current sell costs (legal, stamp, agent fees etc) halves this number to circa 4.5%

Compound inflation during the same 5 year period (RPI) is circa 17%

So net net net ---- 2% loss over 5 years

**The EA value from peak (2207) to trough (2010) was a spread of 21% - fortunately I didn’t believe him on both accounts...

Now renting .....looking for part built/ renovation project

2027 may indeed be the year when things return to their peak nominal prices ... but even the hardiest bear might not hope for that much ... lol

Seriously though: I am really sorry you have lost out/not seen growth in your investment ... only you didn't lose out that much because for those years you would have had to pay rent ...?

I am a strong bear (believing the momentum *may* only be starting on the crash now) but I don't see rent appearing in your calculations ... but I do suspect 2% of the value may be less than what you would have paid in rent?

Aidanapword

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.