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Why have the values of flats in Beaufort park not risen in the last 5 years?

I am a first time buyer and have managed to save a decent deposit and hope to buy a 2 bedroom flat in the Beaufort Park development. (Colindale). I also would like to see this as a little investment and sell in 5 or so years. However looking at some data it seems that the value of these flats has not risen. Does anyone know why? Is it not a wise investment to make? Any guidance would be much appreciated.

Asked on Jan 23 2011, House Prices in London | Report content

Answers (2)

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  • It's a very hard question to answer but 5 years ago was 2007 which was near the height of the market, so whether they have held there values extremely well in the economic climate that followed in 2008 is another matter. Looks to me that the market like everywhere has gone down from prices in 2007 and now have risen slightly to match today’s price therefore looking as if they have not changed price for 5 years. Ask a local agent what the value was in 2009 and see if there are any fluctuations. Have a look at www.nethouseprice.com put the post code in the search and see what historic prices the properties have gone for in that road.

    Answered on Jan 26 2011, Report content
  • Because UK property has fallen 25 to 30% in the last five years!

    Answered on Feb 12 2011, Report content

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