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Original poster

Why so cheap????

30 replies

Smellsliketeen · 13/08/2023 22:48

please help me figure out why this house sold so cheaply in 2022? The average costs around this area are somewhere between 100,000 to 250,000.
I don’t understand how this could come about? Can family sell to family members for a fraction of the market price? That’s the only thing I can think of!!
this is the sold history….https://www.rightmove.co.uk/house-prices/details/england-15778126?s=16e7223d0bebe61d07fdc1725b98b215311feb59a8d92a25b0c72a6a0bc7656a#/

House Price History

View house price history reproduced using Land Registry and Rightmove data.

https://www.rightmove.co.uk/house-prices/details/england-15778126?s=16e7223d0bebe61d07fdc1725b98b215311feb59a8d92a25b0c72a6a0bc7656a#/

OP posts:
Original poster
Smellsliketeen · 14/08/2023 20:04

Wambamcam · 14/08/2023 18:50

I think I may have misjudged, I think the downstairs & upstairs window on the right as you look at it may also belong to it, I'm not used to drainpipe going down the middle of the property, but it's still a small house, the ones nearby selling for £100k ish are much bigger and nicer. That one has pretty much no front garden, if you look on Google maps it has virtually no back garden, just a tiny yard and it's the smallest of that row because of the way they taper down. Plus as PP say you don't know the condition.

Number 132 that sold for 110k shortly before that one is in a different league, tonnes more house space, half decent condition if dated, gigantic gardens compared to the other one so that explains the price difference to me.

Can I be nosy and ask why you're interested?

of course! Mainly because I am interested in living round the area and there is a house for Sale across from it that I like and I’m just trying to get an understanding of prices round there, they differ so much on the same 2 roads and I’ve not come across such big differences (for the north) in prices with houses so close together before!

OP posts:
TheMagicDeckchair · 14/08/2023 21:28

A friend of mine sold a small 2 bed terrace in another part of Bradford (BD4) a few years ago for under £40k. Bradford prices aren’t exactly high and I could well believe that a tiny 1 bed terrace in Low Moor might sell for under £40k if it wasn’t in particularly good condition.

I don’t think Low Moor is a bad area, it’s very convenient for transport but it’s quite industrial which keeps prices low.

Original poster
Smellsliketeen · 15/08/2023 08:55

TheMagicDeckchair · 14/08/2023 21:28

A friend of mine sold a small 2 bed terrace in another part of Bradford (BD4) a few years ago for under £40k. Bradford prices aren’t exactly high and I could well believe that a tiny 1 bed terrace in Low Moor might sell for under £40k if it wasn’t in particularly good condition.

I don’t think Low Moor is a bad area, it’s very convenient for transport but it’s quite industrial which keeps prices low.

Yea you are right the house I like is at the side with the park etc so a bit away from all the factories etc. I have some family there hence the move and the train station is really handy! X

OP posts:
caringcarer · 15/08/2023 09:46

I sold a house to my DS2 for £85k but it was valued at £160k. I still have to pay CGT at £160k though.

Original poster
Smellsliketeen · 15/08/2023 13:48

caringcarer · 15/08/2023 09:46

I sold a house to my DS2 for £85k but it was valued at £160k. I still have to pay CGT at £160k though.

Yea my initial thoughts were it could be something like this

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