Lets talk figures

[mamatomany]

So we bought at the peak of the market in 2007 for £230k and have spent £70k on the house in total, everything has been done from wiring to central heating, decoration throughout, new roof, kitchen and bathroom.
Too be fair it looks fantastic when it's tidy completely unrecognisable from the house we walked into.
What do you reckon the chances are of getting the money back ie £299 in this market ?
Structurally nothing has changed, no extra bedrooms etc, originally it was on for £249,999

[lalalonglegs]

Depends where you live. Pretty good chance in London. If you haven't added space, what else can you get for #300k in your neighbourhood? If you're competing with much bigger houses also in good condition, then you're a bit stuffed. Have a look on Rightmove at that price level.

[mamatomany]

Good point, the other houses if they are bigger are in a right state, similar to ours three years ago or they are missing the 4th bedroom.
Not in London but the prices are similar amazingly.

[lalalonglegs]

I don't think it's just about price though, it's about buoyancy - are houses moving quite quickly? Is it a desirable place from a second-home point of view? Basically, is demand outstripping supply?

[mamatomany]

Er no
Three houses in the street have been on for over a year, one dropping £65,000 although was massively unrealistic in the first place.
There have been houses locally that have been on the market the whole time we've lived here and not sold at all.
Sounds promising doesn't it

[lalalonglegs]

Oh dear.