Trawling through paperwork as the conveyancing paper-trail starts now shows that property isn't a bad investment - despite everything. I bought my first home in 1987 - sold it in 1998 and made 150% profit on it ---The next property (it was properly valued for a re-mortgage) between 1998 and 2005 gained 200% over what I paid for - and I will (hopefully) net somewhere in the region of 130% of what I paid for it although there have been some big ticket costs on it.
Other snippets - When I bought it the Council Tax was 730 and that has now effectively doubled - water rates have actually exactly halved since the installation of a meter - house insurance was an eye-watering 364 quid in 2002 and I renewed that recently at 190 quid. Oil has gone up from 17p a litre to 56p a litre since 1998 though.
Last edited by: Pugugly on Fri 11 Feb 11 at 18:00
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