How much is your house worth and what did you pay for it?

Get it free

And council wont tell me value.

£148k (if we're lucky) property is as cheap as chips here.

£140k - 2005

Sold smaller house in London when prices went mad for £245k.

240k...paid 43k in 85

britain's only manufactured product - manufactured high house prices

Mums house

3k - 1958
300k - now !

2.4 m
1.25 m 94

Fantasy Island btw

paid £29.000 in 1984 ex council
valued now 180.000 good old maggie

paid 154 4 years ago

hit 185, now about 160

Sir Denis Eton-Hogg Joined: 16 Nov 08
Replies: 5711 10 Aug 10 12:35   


britain's only manufactured product - manufactured high house prices 

That’s the problem with Britain today, sky high house prices and no sustainable way to pay for them.
It’s a situation that can’t last forever, sooner or later the housing market and there for the country has a whole will go down like a lead balloon.

26,000 off the council

one next door went a few months ago for 475,000

GOOD OLD MAGGIE x2

meatloaf be pleased

Dad paid £11K for my house in 1969, everyone thought he was mad. £2 million now.

Just chucking this in....
After the 1st World War, my grandfather had a 'bounty' after leaving the Navy.
He wanted to buy a new house in a very nice part of Swansea, but my grandmother
(they were newlyweds at the time) didn't want to move there because there were
no trams running there at the time.
He could have bought it for £850, it is now worth £1 million, and that is MASSIVE
in this part of the world!

Using this site :
.
http://www.moneysorter.co.uk/calculator_inflation2.html#calculator

Due to inflation the £850 in 1945 would be worth £25,650

so house prices have multiplied by near 40 times over inflation in that area.

If your grandfather's money was in stocks and shares then it may have multiplied by more than 40 times

FTSE muliplied by 6.7 times since 1984 ( best I could find )

but you cant live in FTSE shares

Yes Leopard but he said "First World War"!

The one I live in or the ones rented out???

Aug 11, 2015 -- 12:13PM, Aunty Post wrote:

Yes Leopard but he said "First World War"!

Okay, you spotted the deliberate mistake

Due to inflation the £850 in 1918 would be worth £33,770

so house prices have multiplied by near only 30 times over inflation in that area.

I'm guessing slippy has to be in London or Jersey kind of area.

£11k in '69 was a fair chunk so it must have been pretty special!.

I bought a new detached bungalow, in the same year, for £4,110.

Sold that in '65 and bought a new 4 bed detached, that had been £24.5k,
from the receivers for £18.5k (think of a bus shelter)!

If slippy's was £11k in '69 and worth £2 million now, that is an increase of 182 times.

Joined: 05 Apr 06
| Topic/replies: 25,584 | Blogger: The Leopard's blog
Using this site :
.
http://www.moneysorter.co.uk/calculator_inflation2.html#calculator

Due to inflation the £850 in 1945 would be worth £25,650

so house prices have multiplied by near 40 times over inflation in that area.

If your grandfather's money was in stocks and shares then it may have multiplied by more than 40 times

FTSE muliplied by 6.7 times since 1984 ( best I could find )




Using this calculator for The Dow (American) stock market:

http://dqydj.net/dow-jones-return-calculator/

Since 1945 the Dow has multiplied by 107 times

Taking into account inflation it has multiplied by 7 times

HOWEVER

If you had re-invested dividends:

You would have multiplied your money by 1576 times

which is still equates to 118 times when taking inflation into account.

That's the miracle of compounding!

question should be "How much is your house worth, where is it and what did you pay for it?

new flat built in 1998 - previous owner bought it new at £250k
I bought in 2003 for £350k
Identical one upstairs went this year for £600k

Madness, it's only a two bed flat.  They're building next door; one beds selling off plan for £850k - totally nuts.  There has to be a link between what accommodation costs and what people earn.  It's way out of sync now.  Can only end in repossessions and empty properties surely?

The Chinese economy is in trouble.....will start a crash in the West.....massive correction on the way !

All the Chinese who have these but to lets will try to sell them to raise capital.....prices will crash

SELL ! SELL ! SELL !

*buy to lets

Paid £370,000 in 2010. Now worth 480,000.

Paid £385,000 in Dec 1995.The house had been for sale for 2yrs at £585,00O after the previous owner died.Made a bonkers offer and the executors told me i had no chance but the family accepted the offer . Guess its worth £2m give or take a bit.

houses are roughly two thirds of what they should be according to the prices paid on this site  - but then interest rates are really low and demand is sky high for places in decent areas. So prices will stabilise and go up only with inflation.,but NO crash .

You cannot win ,if you bought in the 70s or 80s  then the interest you paid (if you did)  would wipe out any 'gains' .

If yopu wre lucky you bought in 1995- 1997  when houses were their cheapest (to buy over 25 years) in history - obviously a cash buy in say 1970 would have beaten that .

ex council sales seem to be the way to go

sorry  - i meant

should be two thirds

ex council gaff in London sold for more tham 1 million - bet they weren't the original tenants that sold though

surely you,ve missed out the most important part of the question,
how much do you owe on it,

payed 59,500 in 96
worth 200,000
owe zilch,nothing,nada,

cigarettes  have gone up 'times 20'   over 35 years ,or 4x their true value if you're measuring it correctly  .one item that has possibly beaten houses .

can't think of any other single item

i've found the answer

fish and chips 

up 7400 % in 50 years -no item comes near it

yeh but they come down again after the new potatoe season has finished,

£57k 1993 .. £157k now (a lot more for your money over by here - detached with garage and large gardens in a quiet close of 12)

Mum's is better.. £340 in 1934.. £155k now.

I used to live in a flat in Nottinghill when it was worth £30,000 it would go for about £400,000 today.

Property prices are significant only when you sell, does property that's gone up in value feel better to live in, it may make you feel richer but the reality for most is that unless they downsize the value is meaningless.

Anyway half the people here will probably have to sell their house to pay for their Care Home fees

the barron all pefectly correct and i agree with every word you say but your forgetting all the loons out there who keep remortgaging their house up to the new value, so actualy in reality their house hasnt risen in value at all and when you take into account fees for remortaging over time their house has actualy lost value,but keep it to yourself and dont spoil their fun

True Baron.. but IF you have offsprung you can take pleasure in handing it over and retain a right to live-in.
Any rools have a way aroundem.

people may also like to add what type of mortgage they have,wonder how many people rolling up all this so called free money in house price rises have interest only mortgages,

Around £160,000. I rent but would love to buy it but cant due to the owners negative equity on it. The only way I can probably buy it in the short term is if house prices shot up so owner could sell it for the 250,000 odd he owes on it or if house prices crashed and owner had it repossessed. Not an ideal situation at the moment as I like the house a lot and hate the thought of moving even if I found what some people might consider a better house.

people may also like to add what type of mortgage they have

__________________

i can't understand anyone who doesn't have an interest only mortgage  - why make the struggle even harder ?  remember -to pay off the repayment fraction you need to earn to get the money ,and too earn the money you need to pay TAX .

mug country

125k - 1991
600k - 2015

Would be good to see some pics with dates, so we can see what price differentials there are in different parts of the country....

a 120,000 house in East Anglia  bought in 1967  would be worth around 40,000 in 'the bank' .
bought in 1997 ,that same house would be worth 60,000 in 'the bank' .
bought in 1980 ,that house would be worth  50,000 in 'the bank' .

assuming that the bank interest kept up with general inflation  which it rarely does.

The downside of all this are interest payments - very high in the 70s and 80s and of course  repairs .

I'm guessing there may be a net gain in some examples ,but mainly it amounts to free rent - 97 would have been the better of the three as interest payments were the lowest

that 1967 house would have cost around 2k  in 1967 money

£185k in 2006 (but had to immediately spend £15k on modernisation) so in reality £200k. In Yateley (Hart).

Now worth c.£280k.

House prices have risen sharply here; no ethnic population, low crime and good commuter links to London. The district (Hart) been voted best place to live in UK for the last 4 years.

https://www.lovemoney.com/news/13916/the-best-place-to-live-in-the-uk-revealed

mortgage 159 000
house worth 450 000
remortgage for 300 000
interest only, bank wants 349,000 or there going to repocess
currently skint,so bleating to the papers
sorry wrong story and thread,

My great aunt told me she could have purchased the house where she lived in the 1920s/30s for £200 it's now worth £650,000

1995

flat

28k

I was on a really shate wage,but scraped a deposit,offered 2k below fixed price,got it

value

120k

mortgage free