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How much money did you make on your most recent house sale?

80 replies

EasternFall · 27/07/2016 17:27

  • Bought in 2010 for £ 260 k
  • Sold in 2016 for £ 465 k
  • Increase of £ 205 k in 6 years
  • Location: West London (Zone 4)

Anyone else? It would be interesting to see the differences around the country. I realise I have benefited massively from the London property market, which is bonkers IMHO.

OP posts:
Sixfifetree · 28/07/2016 08:33

140 bought
580 sold
Nothing done to it. Often wonder how much people spend on extensions etc and then manage to sell for because had quotes for changes but decided not worth the hassle, mess, etc. Plus know too many who haven't been happy with the experience if having work done, nor the final result in how it works for living in.

Spirael · 28/07/2016 08:36

Haaa...

Bought in 2005 for £123k.
Sold in 2012 for £115k. ... So a loss of £8k

That was after installing a new kitchen and getting the garden completely redone. :(

On the plus side, the price drops across the region meant we were able to get our current house, that had been originally listed at £450k, for £275k. So it wasn't all bad.

Yorkshire.

BigGreenOlives · 28/07/2016 08:37

Bought 1988 £89k
Sold 2001 £185k
Bought 2002 £1.6m
If on the market now around £3.8m

Grassgreendashhabi · 28/07/2016 08:41

Bought 1980 £64k sold 2013 - £290k

Iamnotloobrushphobic · 28/07/2016 08:42

Bought 2003 for 86k, sold in 2010 for £175k.
Bought in 2010 for £190k, now worth about £260k.
In the north west.
I don't see it as profit though because we need somewhere to live so the money will never be a liquid asset.

Grassgreendashhabi · 28/07/2016 08:47

Should add bought now 2013 £290 spent £50k on it had valued £370-£390

If I extend on side over £450

Grin
NattyTile · 28/07/2016 08:52

bought twelve years ago. Spent lots on new roof, new bathroom, new kitchen, new wiring.

Now worth pretty much initial price plus cost of necessary works.

But every month it becomes a little bit more mine, si even if it never increases in value there will be a time when I've paid off the mortgage, whereas if I'd rented I would be paying rent forever.

ToastedOrFresh · 28/07/2016 08:54

Purchased in 1995 for 64,950 GBP
Sold in 2000 for 117,500 GBP

Purchased in 2000 for 154,000 GBP (increased mortgage to buy)
Sold in 2010 for 247,500 GBP

Discharged the mortgage and buggered off overseas with the proceeds. Purchased our house overseas with cash and used the remainder to start the upgrade/makeover. As well as pouring in more of our own cash.

Now all we have to do is sell it and return to the UK......wonder if we'll break even on the return and use the money for a deposit on a house as planned.

namechangedtoday15 · 28/07/2016 09:45

I agree with lad - of course it sounds brilliant when you've made a massive profit on your house - but its only a profit on paper unless you sell and go into rented (or perhaps sell in London and move somewhere cheaper).

For most of us, the incredible house price increases mean that whilst you might have a good deposit, lots of people don't earn enough to get a mortgage for the rest of the price so can't move up.

AvonCallingBarksdale · 28/07/2016 18:35

Bought in 2004, mortgage of £210,000, sold in 2016 for £600,000. Spent a total of £3K on the house Shock. This is enabling us to buy our next house for £800,000. Flippin home counties.

sall74 · 28/07/2016 19:14

Not mine but my late fathers (retirement apartment)...

Bought 2006 for £127k
Sold 2012 for £30k

He died in 2010, I inherited it, tried selling it for 2 years, costing me over £3,000 a year in council tax, service charges and ground rent
Ended up sticking into auction where it achieved £30k, minus the expenses I've mentioned above, so effectively got £24k for it.

lljkk · 28/07/2016 19:25

East Midlands. Sold 12.5 yrs ago having almost "tripled our money" from £42k to £110k over just 5 yrs. But honestly, it means nothing, because the next house up we bought was very stupidly inflated in value, too. House we are in now has hardly changed in value in last 12 yrs. I don't feel like I ever profited from a house sale. It's a daft way to think.

HeyMicky · 28/07/2016 19:32

Not a sale but a remortgage. Bought April 2014 for £418K. Remortgaged July 2016 and it was valued at £525K. Haven't touched it other than a bit of painting. It's genuinely ridiculous.

ZaraW · 28/07/2016 19:53

Not everyone makes money on a property I bought in 2005 a beautiful listed flat in the North West the service charges were getting out of hand and the lease was getting shorter, managing agents totally incompetent. I lost nearly 50K.

FinkPloyd · 28/07/2016 20:51

Completed on our sale today with a 'gain' of £250k. 10 years. Home counties.

Doing a significant downsize owing to health reasons & inability to work.

Atlas15 · 28/07/2016 20:57

Wow this must be why my landlord wants to evict me so she can sell. Ex council house bought in the 90's in Ladbroke Grove, she's going to make a fortune.

Helenluvsrob · 28/07/2016 21:00

Blooming shed loads , however it was my parents house bought for about 8k in 1971. Funded dads care home.

StepAwayFromTheThesaurus · 29/07/2016 08:38

We bought in 2012 for £218k, sold a month ago for £272.5k. We did spend £25k renovating it though.

We're in the NE and it was mostly the stamp duty changes that meant we could get a bit more than £250k for it. No wild price increases round this way.

DameDiazepamTheDramaQueen · 29/07/2016 08:43

SE London- bought for 62k in 1999 and sold for 250k in 2006.

RatOnnaStick · 29/07/2016 08:50

We made £78k between 2001 and 2007 which more than doubled the original price of the property.

We've gone up about 100k on this one from the original sale in 2007 going by the last valuation a month or two ago which is in line with other properties in the area.

altik · 29/07/2016 08:54

We've done okay, but live SW England, so not seen high rises of SE or London.

House 1 bought 1998 - 90K
Sold 2001 for 130K

House 2 bought 2002 for 150K
Sold 2010 for 200K

House 3 bought 2010 for 200K
Now worth about 260K.

Probably could have made more money had we bought in different areas / did a few years in London etc, but that sort of thing is not really important to us, so long as we have a home!

TurquoiseDress · 29/07/2016 09:33

The price rises here in London are totally insane!

Very depressing being a FTB right now as we are the ones struggling to afford the prices...I wonder how long the rises can go on like this?

I suppose there will always be BTL investors paying £££ with a view to letting out the property.

But for FTBs it truly seems hopeless to imagine buying something- I'm talking about an overpriced shoebox in SE London!

A glimmer of hope is that so many properties seem to have been on the market a good while here in SE London (zone 3/4) e.g. at least a month, with price reductions.

Definitely time to put in some cheeky offers- surely owners will be satisfied to have made 100k or more (often over just a couple of years)?

notarehearsal · 29/07/2016 09:35

1996, £92,000
Bought exdh out for £5,000 ( !) 2005
Sold £ 450,000 2016
Bought smaller but nicer property with no mortgage and money in the bank

MissSueFlay · 29/07/2016 10:21

Bought our 1 bed flat in Shepherd's Bush (Zone 2) in 2003 for £189k
Sold in 2012 for £320k (it's now worth £500k+)

Bought 3 bed house in Ealing (Zone 4) in 2012 for £450k
Now worth £750k+ thanks to Crossrail, we haven't even painted a wall since we've been here...

£300k in 4 years is bonkers, I do wonder if Brexit is going to have much impact on house prices in London

Mummyme87 · 29/07/2016 10:39

Bought in 2010 for £186k, selling now 2016 for £342k. 2bed new build flat, south west London/Surrey borders. No work been done at all