Worth the increase in price?

[Yorkshirebornand]

I appreciate this is slightly specific to my area but I’ve found a house on rightmove, it’s on at 19999 and was bought in 2021 for 170000. In this market does this increase sound fair? I can’t see that they have done anything much to it. Thanks
can post the link if it helps

Sorry, typo- is on at 199,950

Sounds fair to me

That's about 15%. Prices roughly shot up by a good 20 percent and then dropped back by 5%, but might drop a bit more. You can always offer below asking price, the eventual price might well be closer to 170k than 199k in the current market.

Thank you, I’m reading a lot about prices stagnating and possibly going down which has made me think twice

Yes I was considering a lower offer!!! Thank you for putting it like that