How much will my £100,000 2 bedroomed terrace house in Manchester be worth in 5 years?
Answers:
Hi there
That is a tough question, no one can give you an exact and correct answer.
House price inflation has and will continue to fluctuate, the future increases are always a matter of debate.
You need to consider local factors, such as will there be any new infrastructure enhancements - positive or negative - that will affect local prices?
Taking a personal view i would see house price inflation slowing through this year and next, close to zero in years 3 and 4, and then starting to pick up again.
If we assume 5% this year, 3% in yr 2, 1% in yr 3 and 4, 5% in yr 5, then the total increase would be about 16%, e.g. the house would be worth about £116,000.
As I say, this is a personal view, and you also need to take account of local factors as mentioned above.
I hope this helps.
It will be worth exactly 324,701 euros.
depends if or when the crash happens.
what is the rate of property price increase at present, base it on that, over the 5 year projection, deduct 5% from that figure, meantime should there be a slump then you may find it is worth less by then, but it is a good period of time to allow for a profit.
That depends where it is. City centre - £200,000. Outskirts - not much more than you paid for it.
£112.950
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