My sale price is £153k more than I payed for it exactly three years ago (and most of that is in the last year or so).
Surely prices can't continue to rise so quickly for much longer??
Hoops, you are right, the current rate of growth will likely slow. Your reason to sell (upthread) - to put cash into a new pad for yourself - is an excellent one, so its the right move.
But a buy-to-let investment is a different proposition. What one must weigh up is whether the money could be more sensibly invested in anything else. For the next couple of years, I don't see that it can.
P.S. My flat is very close to yours. Another factor which has affected our area (and others like Hackney), and probably never will in the same way again, is the 'vibrancy' virus, or the transition from arse-end-of-nowhere (definitely was when I bought in 2005) to desirable location. The same does not affect the rest of the country, nor does it affect the likes of Chelsea or St John's Wood. That's contributed to the epic rate of growth.
Hoops, you are right, the current rate of growth will likely slow. Your reason to sell (upthread) - to put cash into a new pad for yourself - is an excellent one, so its the right move.
But a buy-to-let investment is a different proposition. What one must weigh up is whether the money could be more sensibly invested in anything else. For the next couple of years, I don't see that it can.
P.S. My flat is very close to yours. Another factor which has affected our area (and others like Hackney), and probably never will in the same way again, is the 'vibrancy' virus, or the transition from arse-end-of-nowhere (definitely was when I bought in 2005) to desirable location. The same does not affect the rest of the country, nor does it affect the likes of Chelsea or St John's Wood. That's contributed to the epic rate of growth.