first place i got was a 2bed flat just off rush green road. Stamp duty exempt area. Sold it 11 months later for £12k profit.
which was all profit, because i brought it on a 100% interest only mortgage.
got a new place on a 100% interest only mortgage. Stamp duty paid for by employer because they made me move.
If I sold not I reckon I would have made about £30k clear.
That is essentially profit. Had I been renting i would have ben paying rent, and not accumulating what is essentially a deposit on the next place.
Of course the catch is, the next place is rising in price as well.
So actually I am fucked.