can anyone explain this odd property sale?

[GlancingQueen]

Small street of 20 houses.

House A is purchased at 250k in 2018 It's cheap as it needs work. Other houses in street sell around £290/300 at this time.

Summer 2021 house is empty. No for sale sign etc.

Now. House occupied again by same person who purchased in 2018, but house shows as sold last year when he moved out. Sale price was £150k which is now less than half the value as two others in the street have sold at £340k

Anyone know why this would be? I could understand a landlord buying it and him staying, but not At half its value.
And yes, I'm nosey 😂

Maybe the person's parents bought it for them and then sold it back to them for less?

Inheritance tax dodge?? Maybe?

@bewhoyouaresaywhatyoufeel

Maybe the person's parents bought it for them and then sold it back to them for less?

Inheritance tax dodge?? Maybe?

Can you sell a house for less like that? Surely the valuations wouldn't match.? We wondered repossession but then he wouldn't be back in it.

Probably a drip but he destroyed it when he first moved in, ripping out features, digging up a lovely tarmac drive and leaving it as rubble, half building structures etc. It stayed that way until he'd gone when someone fixed everything and then he returned.

One (life)partner buying out the other's share...the register would show only the transfer price, not the value of the property

Someone has sold their half to the other.

Yes one party has bought out a previous co-owner whether on divorce/relationship breakdown or siblings/friends/parents owned jointly with the current owner would be the obvious explanation.

will be someone buying the other out - I assume a divorce etc. the transaction doesnt show what the house value is just what money actually changed hands. I think though it would flag as an anomoly if the bank are looking at nearby sales so they would disregard that value for caluation of another property

Ah now THAT makes sense as although I've seen him and occasionally a teenager I've not seen his partner.

I don't know why I didn't think of that, it's the most obvious explanation!

Thanks all.