Jane

It isn't anything much at all. Its just a property that appeared to be priced rather high in the context of other houses in the area. Some thought it was amazing.

Other schools of thought were that it looked very property developer (stripped of what makes it a character house).

Some have mentioned that due to this sale their own houses must be more as they are comparing and suggesting they are bigger / nicer/ etc

I thought the amount it sold for was unusual and unlikely to boost house prices in the area to such a level - as it bucked the trend a little.

Property is generally said to be worth what a person is prepared to pay for it. However many people buying are at the mercy of their lenders assessment and my guess is that most buyers fall into this category.

Many users on sites like this have similar property of their own and thats why house prices topics arouse a lot of sentiment. In fact my own property is similar to what was sold (obviously in my opinion better).

However a conversation with a RICS surveyor friend of mine rather deflated me when he told me that he didn't think the property sold (and therefore my own) would not be worth that amount to a valuer acting for a mortgage lender!

If anything though, it goes to prove that if you are selling and find the right person you might achieve a sale at a better price than expected.