If a house cost £665K in 1998, how much would you pay now?

[DimPrawn]

Dilapidated home on millionaire's resort of Sandbanks sold for record sum because of its incredible sea view | Mail Online



£3.5m

It's almost like they're printing money.......

[Clare@InTouch]

Sandbanks is just down the road from me, and I've never understood the fuss. It's nice don't get me wrong, but still stupid money for what you get there.

[DimPrawn]

Seems to me the there's a lot of very wealthy people willing to park large amounts of money in any tangible asset, regardless of price.

£665K to £3.5m!

And that's basically just the land, the house is a shack...

[SimonMac]

Sandbanks is just down the road from me, and I've never understood the fuss. It's nice don't get me wrong, but still stupid money for what you get there.

And they say Accountants charge too much!

[OwlHoot]

And that's basically just the land, the house is a shack...

WHS - They'll just bulldoze the lot and build a larger one.

The crazy thing is that in, say, 1950 you could probably have picked up that house for £50

My uncle bought a huge country house and a hundred acres of land in Sussex for £400 back then, and it's worth 10 million now!

[Clare@InTouch]

And they say Accountants charge too much!

Sadly it's a quite far down the road, not the house next door!

[AtW]

My uncle bought a huge country house and a hundred acres of land in Sussex for £400 back then, and it's worth 10 million now!

Your uncle is a mug, should have bought it few hundred years earlier for a fiver and get a few hundred peasants as well...

[DimPrawn]

Your uncle is a mug, should have bought it few hundred years earlier for a fiver and get a few hundred peasants as well...

1996 wasn't exactly a long time ago, and £665K for a contractor then easily borrowable and payable.

Not sure same contractors could afford £3.5m now though, so what is it all telling you about money?

[Halo Jones]

Land is a finite resource & as such will only ever go up in value but I really do think that the UK needs a global slap into reality on current rates

15% of the UK is urban, we do have space for a few new towns, but as they need to be in the south – where the money / work is, the best place is Kent / Surry, but that’s farmland & we need food security too (& we won’t mention the wealthy NIMBY’s)

I’m glad it’s not a problem I have to solve.

[SueEllen]

Land is a finite resource & as such will only ever go up in value but I really do think that the UK needs a global slap into reality on current rates

15% of the UK is urban, we do have space for a few new towns, but as they need to be in the south – where the money / work is, the best place is Kent / Surry, but that’s farmland & we need food security too (& we won’t mention the wealthy NIMBY’s)

I’m glad it’s not a problem I have to solve.

There are currently towns in Kent that are dying due to lack of jobs. Get jobs in these areas and sort out transport links and it would be easy to convince people to allow more housing to be built. There are farmers around who will happily sell some fields for development.