Bought my first flat in untrendy Tooting South London in 1992 for £40k and sold it eight years later for £140k. Basically it was an ordinary terraced house split into two flats of which l had the ground floor and garden. Last June it was up for sale at £195k and remained unsold.
It's not just London though, my present house l bought in July last year for double what the guy l bought it off had paid for it 18 months earlier. Feel very sorry for anyone who wants to try and get on the housing market now what ever part of the country they are in, and am very glad l no longer have a mortgage!
