Council house cash cow

But if you really want to make a killing, it seems that in bricks’n’mortar-obsessed Britain, property remains the best way to do it. Take the case of a certain end of terrace ex-council house in London’s Chelsea, spiritual home of the Sloane Ranger. Bought from the local authority in 2000 for a modest £50,000, the boxy and unprepossessing four-bedroom property is now on the market for an amazing £895,000. That’s a return of nearly 1,800%, over a five year period when you’d have been lucky to get one-tenth of that on the stock market.

Last Updated: 31 Aug 2010

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