Location counts as property investment proves resilient - 15/04/2005 ...

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The importance of location has once again been underlined by a house going on sale in Chelsea, with even comparatively cheap housing capable of being turned into expensive showpieces.

The house -which is an ex-council house valued at just £50,000 five years ago - is now worth 18 times that amount.

Valued at £895,000, the house was sold without any problems.

A local estate agent told the Independent that in fact the house remained a relatively cheap bargain.

Indeed, the latest buyer is still being tipped by analysts to also profit, with the regional prices continuing to prove strong.

When it was first purchased from the local lease authority 33 years ago, the house was bought for £15,300.

>> Select from one of the articles below >> :

• Location counts as property investment proves resilient - 15/04/2005 @ 15:54:56
  The importance of location has once again been underlined by a house going on sale in Chelsea, with even comparatively cheap housing capable of being turned into expensive showpieces. ... MORE
  
  
• New calls for "joined up" housing policy - 18/02/2005 @ 11:48:44
  The Office of the Deputy Prime Minister (ODPM) has reported that the UK housing market must "adapt" and be "flexible" in the coming years. ... MORE
  
  
• New houses up 13 per cent - 18/02/2005 @ 08:45:56
  House building figures for the three months to December were up 13 per cent. ... MORE
  
  
• Homebuyers favour conversions - 16/02/2005 @ 13:14:53
  New research has revealed that homebuyers prefer to purchase building conversions. ... MORE
  
  
• Sellers look to first-timers - 14/02/2005 @ 15:20:00
  Despite research which has found that first-time buyers often drop their price offer at the last minute, sellers are still keen to offload their properties to them. ... MORE
  
  
• North east's house price inflation is 20% - 14/02/2005 @ 12:02:57
  The north east has the highest level of house price inflation in the UK, recording a rate of 20.5 per cent. ... MORE
  
  
• Blair to woo first time buyers with new rates - 11/02/2005 @ 16:46:09
  Low inflation and low mortgage rates are some of the key policies that the prime minister Tony Blair will attempt to woo voters with at the forthcoming general election. ... MORE
  
  
• More favourable mortgage quotes could be on the way - 11/02/2005 @ 16:36:18
  Building society chiefs are set to present a petition against stamp duty to the Chancellor Gordon Brown in the run up to the general election campaign, if successful the move could lead to better mortgage quotes for consumers. ... MORE
  
  
• House prices delay starting a family - 10/02/2005 @ 10:22:02
  People in the UK are delaying starting a family because they are unable to get on the property ladder, new research has shown. ... MORE
  
  
• Britons wary of house price rises - 09/02/2005 @ 12:28:33
  A new survey has found that people in the UK are increasingly concerned about housing for future generations. ... MORE
  
  

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