I've never bought anywhere with any consideration of capital. I have however, always considered where I live. Which is quite nice, IMO.You are quite right of course , it’s not . But if you are savvy you can make some easy dollars by being careful where you buy so when you do sell sometime in the future the more in demand and desirable the area the higher the selling price you will get.
For example if say 10 years ago you bought a 4 bed semi with a large garden on a new development in say peace haven or hangelton etc and you sold it at the start of 2022 without doing any major building work to extend etc you would make a decent profit through house price inflation.
However if 10 years ago , instead of buying the 4 bed semi with a large garden in one of those areas you bought a 4 bed terraced house with a smaller garden in say poets corner in Hove and went to sell it at the start of 2022, you would have made on average around £50,000 more money .
If you don’t believe me , study the buying and selling prices on rightmove in different areas , you will be amazed at the difference in returns over the last 10 years .
It’s not a consideration for everyone I completely accept but it is a way to increase your capital if you are careful where you buy .
like Grahams old gaff . . . Built a few years ago, and a charisma vacuum.All of these mega-expensive properties seem so cold. Not temperature wise...just devoid of any personality or life.
Check out this 5 bedroom detached house for sale on Rightmove
5 bedroom detached house for sale in Smugglers Lane, Nr Upper Beeding, BN5 for £3,800,000. Marketed by Chatt Estates, Hurstpierpoint
www.rightmove.co.uk