The house we're looking to buy is on the market for £425k, sold last time in April 2011 for £310k. That's 37% increase in 6 years, no improvements made (extensions, refurbishment etc)
After speaking with many EA friends, they say we should offer £360k to start with which I feel it's a "low ball" offer We're seeing the house tomorrow, but from the photos it looks amazing, it's the "perfect" place we need for now.
I'd be happy for anything under £400k...
Good luck with your purchase, Tom!