The capital increases on z1/2 flats was pretty mental from 2012-2015.
I sold my old flat for 185k more than I paid for it after about 3 years and it was in worse condition than when I purchased it as it needed a new kitchen and bathroom (which the people that purchased it put in).
I don't think they've lost money on it but they won't have made much either when you consider they will have spent 30k on fees and improvements.
https://www.zoopla.co.uk/property/flat-27/connaught-works/251-old-ford-road/london/e3-5ps/7671820
The capital increases on z1/2 flats was pretty mental from 2012-2015.
I sold my old flat for 185k more than I paid for it after about 3 years and it was in worse condition than when I purchased it as it needed a new kitchen and bathroom (which the people that purchased it put in).
I don't think they've lost money on it but they won't have made much either when you consider they will have spent 30k on fees and improvements.