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Howard
House/granny bungalows at end of our street, been eyeing them up for years. Made an offer on one in 2017 and didn't get it, offered £315k on an offers over £295k, went for around £325k, maybe more. People that have been in it have done almost nothing, new kitchen worktop, some tiles and a click together floor in the kitchen, thats it. Nothing else has changed in the house, outside the same, still needs roof looked at, still needs a heating system and wiring from this century, woodchip graces the hall, stairs and upper hall and one other room
Came on the market Fri, sold Mon PM for offers over £525k, which means in the current heat around Glasgow it's reasonably expected to have gone for north of £550k.
So lets assume £250k gross increase in just under 4 years. Will exchange the £200 of worktop, £200 of tiles, £500 of floor and poss £1500 labour to tidy up kitchen for 1 month of gross value increase.
That granny bungalow went up by £5200 per month, for 46 months.
Fucking.
Sick.