Valued at £150-160K by various estate agents, went on at £152K, accepted offers at £144, then £142, then £137. I reckon 10% down from the peak if you actually want to sell. Higher priced stuff ( more clued up buyers !? ) in the area ( Lancs ) slowed earlier and I think you'd have to drop more to sell them.
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inflation
> In 25 years time it will be worth £500K.
Fecks sake dude, if you factor in inflation then increase in value ain't that sexy.
If I was in Dim's position I'd sell, particularly because taxation is not bad when it comes to capital gains in main property.Comment
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Re: inflation
But it will have generated 25 years worth of rental income as well.Fecks sake dude, if you factor in inflation then increase in value ain't that sexyComment
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income
> But it will have generated 25 years worth of rental income as well.
Just like money in the bank can generate interest. If you take money out and put into offshore bank account then you can safely make as much if not more interest than you would make from rental. You won't have to deal with pesky tenants like me prepared to go to court on principle too. :rolleyesComment
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Re: income
"Worth about £230K in today's downward market.",
rotflmfao
that's not a house, that's a link detached mock tudor rabbit hutch !
lol !
Milan.Comment
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House market
Take heart - even if you sell for 199K, I'm sure thet you have made a healthy profit!
The property market eh? you just can't beat it for making easy money!Comment
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Re: income
Sorry Milan? Just what state is your property portfolio in at this moment in time?
A psuedo mock virtual pile in CZ?
(avec/sans piscine?)Comment
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Re: income
£230K in Swindon is a lot of money mate.Comment
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Re: income
Spod,
you'll be pleased to know my property situation is very healthy but unlike others here I don't go shouting about it
Milan.Comment
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Re: income
MB, I'm very happy for you.you'll be pleased to know my property situation is very healthy but unlike others here I don't go shouting about itComment
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