Jump to content
House Price Crash Forum
Sign in to follow this  

The Worst Financial Decision Of My Life (To Date).

Recommended Posts

Some of you may know that I used to 'own' a leasehold flat some years ago. It has since been resold. It is a one bedroomed ex-council flat.

  • Daft woman bought it from the council for the paltry sum of £11,000 in 1998.
  • I bought it from her for £64,000 in 2004. And I had to pay f**king stamp duty on it as the 1% threshold was at £60k back then (wish I had offered £59,999 for it).
  • I sold it for £76,000 in 2010. I added new combi boiler and central heating, double glazed external door & windows, new OK quality kitchen cabinets and bathroom suite with new wall and floor tiles.
  • My buyers recently sold it for £80,000 (thank you ourproperty.co.uk) So that's a price increase of £1,000 per year of ownership.

I'm quite pleased with that sold figure. B) Considering that in the summer it was originally on the market at £95k, dropping to £90k after disappearing from Rightmove. I am very glad that the new owners have bargained.

Seems that there is a big disconnect between asking prices and sold prices :D

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   211 members have voted

    1. 1. Which of the Prime Minister's options would you choose?

      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


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.