Sold price mystery!

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A house on my street sold recently, from what I saw on rightmove out of curiousity, for a price that seems a bit low, 250K. This house has been totally renovated, new extension, new bay windows, new kitchen etc etc, and another house a few doors down, total wreck, smaller foot print sold for £248! I heard through my neighbours that this renovated house was initially bought by a property developer and done up and he was asking for £325K, which is about right, also the builder who did up this house, who also lives on our street, confirmed it sold for around that.
So how come Rightmove says £250K?
It's just pure nosiness on my part, really.

The house was never advertised for sale either. This is an area where houses go to bidding wars, so was surprised to see it not advertised. It appears to be a private sale.
Could it be a part exchange sort of thing??

Perhaps avoiding stamp duty.

My old house online show sold for 750k even though it was worth 1.5 but my dad brought my mum out

SD for the buyer?

I was thinking if there was an avoidance of capital gains perhaps by the developer....hmmm.

Not a repossession is it? I think they can sell for well under their worth.

Maybe it was bought by the developer as a repossession as it was well under market price when the developer bought it, but I'd thought he'd want to get market value after being done up to sell.

You can search for sold prices on Mouseprice. Think it takes a few months for the data to be uploaded.

I meant Rightmove sold prices from the Land Registry.

Probably a tax dodge. Old neighbours of ours sold cheap to family but additional cash changed hands.

Looking at the SD threshholds could be to avoid paying 5% above 250K

It could just be wrong! The figure given on Rightmove for the price we paid for our house was wrong by over £100K!

Could've been sold to a family member?

£250k official selling price to avoid SD and the rest paid in cash.

Some dodgy dealing going on I assume! A friend of mine has a property developer husband, a couple of years ago they moved into an absolutely huge, stunning brand new house, built by her husbands company. House must have been worth close to £1 million. I was feeling nosy and looked at the land registry sold house prices - it was sold for £250k!

yeah some good ideas here. The fact that it wasn't even advertised must mean he got a good deal privately on the basis of not paying SD above 250K.
My in-laws house next door was sold for £350K, but it was worth around 500K, but they did a part exchange with the buyer.
I spotted another house in our area, a massive house, asking price probably around 600K, sold for 150K!

if you want to really know, order the title deeds for the house, about £3-4 and see what it says on there?

Most likely some tax evasion going on.

The house I live in, for which we paid 250k was "sold" the year before for 47k. This is just because it was "sold" between a divorcing couple as part of the divorce.

How would you trust the buyer? If you were selling your house for £1000,000 and they paid £250,000 how would you know they would pay the cash after? What legal rights would you have if you had already competed the sale and they had moved in?

They may have paid £250k to avoid stamp duty, but then paid £20k for the carpets, another £10k for light fittings and £15k for the garden plants, etc. etc.

Are you sure this is the most recent sold price and not the price the developer paid originally? Sold prices take a few months to show up.

HMRC do investigate sales around the SDLT threshold levels, so unless the house is ££££££ you're unlikely to get tens of thousands for carpets and curtains.