House prices

Tatty old bungalows are always expensive because they are on large plots and will be replaced with two or more large luxurious houses. Bingo! Huge profit!
I bought this house in 1994 for £45000, when prices began soaring. It's market value is now £265000. It's a two-up two-down labourer's cottage and probably still the cheapest house in the town, as it was when I bought it.

London prices are very high, and not just the ones you would expect, but areas like Bethnal Green.The prices make your eyes water.

Although, if you are not moving to a cheaper area, you still have to pay a lot for a house , so no point being happy that you have made money on the house as you will soon have to put it all back into the new house,plus the huge cost of moving house and the legal bills.

I forgot to mention that the house in question is in NW London.

I recently looked at the price of our second house, a 2 1/5 bed small semi and also at the price of our 4th house which was twice the size. The smaller one is now worth more than the bigger one simply because it is on the end of the Metroplitan line in Amersham. The other one is in a very nice area in the Midlands. We had upmortgaged (is there such a word?) twice during the time between selling the one and buying the other.

I still think I would rather live here though as I hated all the rush and commute during the times when we lived in the London area. I love the lack of light pollution and all the fresh air.

When we got married in the mid-sixties, DH's sister and BiL owned a terraced house in Battersea. We lived with them for a while before we went abroad. There was a garden flat which had a sitting tenant, and S and BiL lived on the second and third floors. They sold it in the seventies for what they thought was a very good profit, but, as Luckygirl has said, they are now selling in that road for a million plus. A lady I worked with lived in a detached house on Wandsworth Common - I can't imagine what that would be worth now.

The house we sold three years ago has just sold again at a £30,000 profit and from the look of the estate agent's online details, it's just as it was when we sold it! Where else would you get a £10,000 a year return on your outlay these days?

We are all lucky in the north then. When people relocate here from parts of the south they are amazed at what they can buy for the price they made for their property

There is a small 2 bedroom bungalow for sale in a road close to mine on sale for £5 off half a million and it needs to be gutted. Even after a full refurbishment the room sizes would still be small. Somebody will snap it up no doubt.