It's a town about 30 minutes on the train from the city centre.

Our current house is on an old council estate (in a 'good' part of a highly undesirable town) where everyone suddenly decided to buy their council house. We got it for less than £40k and, although it's not been valued yet, people speculate it's worth up to £200k now. That much would be nice but we don't need it and it doesn't sound realistic... but that's mostly because we bought a 4 bedroomed 1 bathroomed semi with a mudpatch round back, and now live in a 5 bedroomed 2 bathroomed semi with driveway, convervatory and planning permission for a garage. That's not to mention the all-round terrible presentation of the property when we bought it... it didn't even have fitting carpets.

It's not a matter of money, either. Currently 50% of dad's wage goes on repaying the mortgage because we're greedy skint bastards. :P As soon as it's sold, that's nicely freed up, and 3 years of struggling will have paid off well.

The profit will be invested in two family business ideas (which will keep me in a weekend job over uni if we can get the property we have our eye on), and then buying, doing up and renting properties, and charging enough to cover the cost of the mortgage while the market HOPEFULLY continues to rise, is on the agenda (part of which I'll be responsible for, obviously).

but that doesn't answer my question, really....