How many People would do this?

[EuroTrotters]

A client of mine's Mother and Father In-Law bought a house in London in 1974 for £12,000

They could not afford it at the time, but struggled. They sold the car, used public transport and made ends meet.

As a Vicar, the family took up residency in a presbyterian.

They kept the house and rented it out.

The children moved away, the Vicar and his wife retired and now the time has come for them to move into "assisted living".

The house was put own the market for, wait for it........

£2,595,000.00

An offer of 2.5 million was accepted and the Vicar and His wife are donating 50% of the sale to charities.

NICE

 

[nicholsong]

Trev

I bought at the same time for about the same price, but even in leafy Barnes, SW London, I could not expect that price, so where is it?

Or has the story grown like Pinocchio's nose?

 

[HKF]

If you mean, would I give 50% to charity....not a chance in hell. The vast majority of that will never be seen by the people/animals/researchers/whatever who really need it. It'll be swallowed up by the bigwigs at the top, who find it necessary to travel to exotic locations for their meetings. No, I'd rather help people directly and know exactly where my cash has gone to, thanks.

 

[Derek’soldvan]

Trev

I bought at the same time for about the same price, but even in leafy Barnes, SW London, I could not expect that price, so where is it?

Or has the story grown like Pinocchio's nose?

You sure? I used to live in Putney & Wimbledon & prices rocketed, Barne’s was an aspirational place and that rare element “unobtainable”

 

[Bessy765]

Captain Tom’s charity has a cloud hanging over it,they allegedly spent more in admistration than they gaveout..

^{_{Subscribers  do not see these advertisements}}

 

[Lenny HB]

£12k in '74 in London that sounds far too cheap.

 

[jessthedog]

I know there are, what were ex council houses going for about £2m in Islington, so if they bought them off the council in 1974, it might have be around £12k, who knows?
Theyve lived rent free, with the church’s vast wealth picking up the tab, so its good on them to give to back to the community.
I wonder if they donated back to the church?
The other thing to take into account, is what and anything they did to improve it? Extensions etc.

 

[nicholsong]

£12k in '74 in London that sounds far too cheap.

Well I bought then in Barnes at that price - but it had no bathroom, two toilets but no bathroom - something to do with a London bylaw, circa 1893.

There was also a planning threat of a new road, which would have demolished the houses opposite, but I had the buzz that it was nearly dead, and was 6 months later.

 

[gus-lopez]

£12k in '74 in London that sounds far too cheap.

Not really I started looking in 75 & plenty under 10k then in decent areas. When we bought in 77 all areas had risen 25% by then.

I know there are, what were ex council houses going for about £2m in Islington, so if they bought them off the council in 1974, it might have be around £12k, who knows?

Islington ,like Hackney, was a slum then. You could have bought a street for 12k.

 

[rolosroller]

^{_{Subscribers  do not see these advertisements}}

 

[EuroTrotters]

Trev

I bought at the same time for about the same price, but even in leafy Barnes, SW London, I could not expect that price, so where is it?

Or has the story grown like Pinocchio's nose?

No , it’s first hand from the horses mouths. I’m not sure where it is, I didn’t ask.

We have a friend who had a house in London in 1989. She rented rooms out. Eventually, she sold for £100,000 to move to Spain. She stopped checking the sales price when it got to £600,000.

Another client, Shri Lankans who has a tea plantation. They sold it before that woman could take it over.

They bought a house in London and he got a job driving a bus. They eventually sold at £650,000 an moved to Macclesfield to be near daughters, sons and grandchildren. They stopped looking when the house hit £2,000,000. Sad part is, the family moved away from Macclesfield and they are still there.

 

[nicholsong]

Well I bought then in Barnes at that price - but it had no bathroom, two toilets but no bathroom - something to do with a London bylaw, circa 1893.

There was also a planning threat of a new road, which would have demolished the houses opposite, but I had the buzz that it was nearly dead, and was 6 months later.

Mine was not ex-council. I am told the builder built two rows of 4 houses and his reward was occupying one, end-of terrace with a big yard on the side. I only know this because when I moved in in 1975 the lady next door was 80 and had been born in her house, so had been told the story in her youth.

And here am I, at 80, relating the story

 

[Wabs]

A client of mine's Mother and Father In-Law bought a house in London in 1974 for £12,000

They could not afford it at the time, but struggled. They sold the car, used public transport and made ends meet.

As a Vicar, the family took up residency in a presbyterian.

They kept the house and rented it out.

The children moved away, the Vicar and his wife retired and now the time has come for them to move into "assisted living".

The house was put own the market for, wait for it........

£2,595,000.00

An offer of 2.5 million was accepted and the Vicar and His wife are donating 50% of the sale to charities.

NICE

That’s great, I would have donated it to my family

 

[GirlyVanGirly]

With my first husband, in 1969, we had £6,000 to spend on our first house, at that time we could have bought a 4 storey town house in Islington, but my husband wouldn't do it, and we ended up with a semi-detached in Billericay.

 

[Swifter]

Interesting. The property game can be fun . I purchased a small one bedroom apartment with a patio garden in Sutton , Surrey in 1998 and paid £48,000. I sold up in 2003 for £148,000. I doubt that level of such rapid increase will ever happen again .

^{_{Subscribers  do not see these advertisements}}

 

[Andy1954]

With my first husband, in 1969, we had £6,000 to spend on our first house, at that time we could have bought a 4 storey town house in Islington, but my husband wouldn't do it, and we ended up with a semi-detached in Billericay.

We have friends who live in Basildon - Billericay is so upmarket apart from the potholes

 

[GirlyVanGirly]

We have friends who live in Basildon - Billericay is so upmarket apart from the potholes

Potholes!! I wouldn't know about Billericay, I have not lived there for a long time, but down here we call Bexhill-on-Sea the Pothole Capital of East Sussex!!

 

[Wack]

We've got half of London living in the north west , button shops have seen a rise in business and a chorus of knees up mother brown fills the air on a summers evening.

A 2 up 2 down in that London buys a mansion up here , or it did , the influx has driven prices up

Though they all say the same , when they live there it's the best place in the country, until they move somewhere else then it's a dump , personally I've always thought london was a dump, you couldn't pay me enough to live there

 

[Wabs]

Rather than blame buyers, what about greedy sellers and estate agents? Of course people want to live in a lovely part of the country, surely that’s human nature,and I know local people get priced out, but who does the pricing ? Estate agents that who, and I was born in Brixton , South London, and I would nt want to live there either,

 

[Basildog]

Sounds too cheap to me
I know of one property we did work on that was bought in the 90’s for a million .
Sold in 2014 for £12 million
That’s Gloucestershire for you

^{_{Subscribers  do not see these advertisements}}

 

[jessthedog]

We've got half of London living in the north west , button shops have seen a rise in business and a chorus of knees up mother brown fills the air on a summers evening.

A 2 up 2 down in that London buys a mansion up here , or it did , the influx has driven prices up

Though they all say the same , when they live there it's the best place in the country, until they move somewhere else then it's a dump , personally I've always thought london was a dump, you couldn't pay me enough to live there

I thought Cheshire was full of oompa loompas with fake tans, driving around in Wilmslow sierras or wannabe Londoners, but without the class?

 

[Googlebot]

The property bubble isn‘t just in London. A flat next door was sold for 90k 8 years ago.

Same flat last week was sold in a week for 170k.

10k a year!

Near Birmingham…..

 

[nicholsong]

With my first husband, in 1969, we had £6,000 to spend on our first house, at that time we could have bought a 4 storey town house in Islington, but my husband wouldn't do it, and we ended up with a semi-detached in Billericay.

I do not know whether to laugh or cry for you.

 

[GirlyVanGirly]

I do not know whether to laugh or cry for you.

I am still annoyed!! He also rejected a lovely house in Southend, a few years later, it was full of fabulous original features, it was on the market for £83,000 and he was stupid enough to tell me a year or so later that it sold again for £200,000 (with planning permission for a care home, that's how big it was). Divorce was inevitable!!

 

[GirlyVanGirly]

We've got half of London living in the north west , button shops have seen a rise in business and a chorus of knees up mother brown fills the air on a summers evening.

A 2 up 2 down in that London buys a mansion up here , or it did , the influx has driven prices up

Though they all say the same , when they live there it's the best place in the country, until they move somewhere else then it's a dump , personally I've always thought london was a dump, you couldn't pay me enough to live there

Button shop?? never heard of one of those!

^{_{Subscribers  do not see these advertisements}}

 

[nicholsong]

I am still annoyed!! He also rejected a lovely house in Southend, a few years later, it was full of fabulous original features, it was on the market for £83,000 and he was stupid enough to tell me a year or so later that it sold again for £200,000 (with planning permission for a care home, that's how big it was). Divorce was inevitable!!

Sounds like reasonable grounds for a divorce.

 

[Wack]

Button shop?? never heard of one of those!

 

[Wack]

Rather than blame buyers, what about greedy sellers and estate agents? Of course people want to live in a lovely part of the country, surely that’s human nature,and I know local people get priced out, but who does the pricing ? Estate agents that who, and I was born in Brixton , South London, and I would nt want to live there either,

My wife works for an estate agent , it's a combination of sellers and estate agents caught in a trap , if you value a house at a realistic ceiling for the area you don't get the business because another estate agent will value it higher to get the business then a few weeks down the line they'll either drop the price or if they're lucky some mug has made a close offer and the ceiling price has been raised , rinse & repeat until an 80k house is 250k

I lived in northants in the 80s, house prices were static until the London agents came to town then in 2 years my house went from 20k to 55k , people selling up in london has increased prices for decades.

 

[bobnick]

We've got half of London living in the north west , button shops have seen a rise in business and a chorus of knees up mother brown fills the air on a summers evening.

A 2 up 2 down in that London buys a mansion up here , or it did , the influx has driven prices up

Though they all say the same , when they live there it's the best place in the country, until they move somewhere else then it's a dump , personally I've always thought london was a dump, you couldn't pay me enough to live there

Don't big Cheshire too much, don't want more of em moving up.

 

[bobnick]

Bought our Bolton house for £176k sold it 16 years later for £465K but by then Bolton had become a S@@t hole.

^{_{Subscribers  do not see these advertisements}}