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Friend of my mum's bought a 5 bed detached house with decent sized garden in Chiswick in 1978 for around £60k (£366 ,000 in modern money). She fainted when it was valued a couple of years ago as she was worried that she wouldn't have enough to buy her dream retirement cottage in the country - she honestly had no idea of how much it was worth.
I know somebody who moved along the kings road from the double kink past the posh garage towards parsons green and slighly downsized from the georgian townhouse (that they sold to a footballer) the kids had flown the nest by the end of the process and each step of moving 1km down the road liberated 1-1.25 million every 2 years.