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Original poster

Same house sold every year?

32 replies

AfterTheRainComesSun · 02/11/2023 13:37

Is this a massive red flag or could it be for different reasons? Small 2 bed terraced built in the 1990s, was sold every year in the early 2000s based on what I see on RM. Latest owner has been there (or maybe it was a let, not sure) for a few years now. I have noticed that similar properties within the same development were also sold every year in the 2000s. Why would this be?

OP posts:
JustWhatWeDontNeed · 02/11/2023 13:38

I'd assume there was a neighbour issue and not buy it.

Gcsunnyside23 · 02/11/2023 13:40

Maybe it's a first time buyer kind of house to get on the ladder and they are selling to move bigger? Or neighbor issue

MainlyOnThePlain · 02/11/2023 13:43

Could some have been owned by one company/person and transferred back and forth between businesses?

GasPanic · 02/11/2023 13:49

I would avoid getting fixated on it.

Your spidey sense is telling you something not usual is going on here. It's probably right. There are all sorts of weird reasons why stuff like this happens., some of which are more "red flag" than others.

I would not waste time or effort on it.

Setthesky · 02/11/2023 14:04

My immediate assumption would be the walls were very thin and people could only put up with hearing their neighbours every move for so long, particularly as it seems to affect more than one property in the development, and also because it was built in the 1990s (building regulations for new builds were updated regarding resistance to sound in 2001)

Pezdeoro41 · 02/11/2023 14:11

Definitely a red flag. Who would go through the upheaval of a house transaction and move again after just one year unless they had to?

When I moved recently I viewed a couple of houses where people were moving after a year (in the current climate!) and maintained it was for no reason, they just fancied it. I did not find it plausible.

ClematisBlue49 · 02/11/2023 14:24

It's clearly an issue that only comes up once people have moved in, so yes, most likely it's neighbour noise. A friend bought and sold a 90's new build within 6 months for that reason.

Chersfrozenface · 02/11/2023 14:26

MainlyOnThePlain · 02/11/2023 13:43

Could some have been owned by one company/person and transferred back and forth between businesses?

This sounds far mote likely than multiple households on one development selling up every year.

CaramelMac · 02/11/2023 14:55

If in doubt don’t buy it!

AbsolutePlonker · 02/11/2023 15:36

sorry posted this in the wrong thread

PurpleBananaSmoothie · 02/11/2023 15:47

A small 2 bed terrace built in the 90s seems like the perfect starter home. If house prices are rising (prior to the crash they would have been rising quickly). I would say moving within 1-2 years of getting on the ladder is normal (if prices are rising). It’s literally just buy a smaller house to start building equity, put a fresh paint of magnolia (in those days) on and go again. Multiple houses across the estate doing the same suggests it’s a start home. If it was a particular neighbour then only the houses in the vicinity would be moving every year. It could be a neighbourhood issue such as a smell from the sewage treatment works or close to a stadium and so people parking there on match days etc.

Cosywintertime · 02/11/2023 15:49

What it sold ten times in ten years? Can you link?

vernatheraven · 02/11/2023 16:19

My immediate thought is that it's haunted but I've had two red wines as I am on annnual leave.

MainlyOnThePlain · 02/11/2023 17:28

If it sold again and again regularly for a decade then it's unlikely there's anything wrong with it, or else surely the issue would have shown up in the searches and put buyers off.

More likely the houses were bought as rental investments in a job lot, and the parent company did some tax avoidance manoeuvring with new companies/different owners every 12 months. (Disclaimer: IANA Homes Under the Hammer Specialist).

Pezdeoro41 · 02/11/2023 17:46

MainlyOnThePlain · 02/11/2023 17:28

If it sold again and again regularly for a decade then it's unlikely there's anything wrong with it, or else surely the issue would have shown up in the searches and put buyers off.

More likely the houses were bought as rental investments in a job lot, and the parent company did some tax avoidance manoeuvring with new companies/different owners every 12 months. (Disclaimer: IANA Homes Under the Hammer Specialist).

Not necessarily if it was something like thin walls as a PP suggested. And at that time there was a lot less enforcement of sellers declaring issues/disputes etc.

BoobyDazzler · 02/11/2023 17:49

Can you see the sold prices? It could be staircasing a shared ownership property

EggbertHeartsTina · 02/11/2023 17:50

Haunted

BooBooBaloo · 02/11/2023 18:02

I know plenty of people who only stayed in properties for a short period of time in the early 00s. Fixed rate mortgages weren't as utilised due to the interest rates, and house prices were zooming up so every year or so they'd take the next step

Jessforless · 02/11/2023 18:06

I’m here for a link and more suggestions of it being haunted 😂

Barbadossunset · 02/11/2023 18:14

vernatheraven · 02/11/2023 16:19

My immediate thought is that it's haunted but I've had two red wines as I am on annnual leave.

My thoughts exactly (and I’m stone cold sober).

Saschka · 02/11/2023 18:18

Barbadossunset · 02/11/2023 18:14

My thoughts exactly (and I’m stone cold sober).

Show quote history

It’s a new build. Can’t be haunted, no previous residents.

Far more likely built on top of a hellmouth.

Dibblydoodahdah · 02/11/2023 18:21

BoobyDazzler · 02/11/2023 17:49

Can you see the sold prices? It could be staircasing a shared ownership property

This was my thought too. Was it originally a shared ownership property OP?

winniethedoo · 02/11/2023 18:25

vernatheraven · 02/11/2023 16:19

My immediate thought is that it's haunted but I've had two red wines as I am on annnual leave.

Me too! I've had two glasses of white as I'm off tomorrow too 😉

LuluBlakey1 · 02/11/2023 18:28

Ghosts

Chersfrozenface · 02/11/2023 18:38

The OP says "Small 2 bed terraced built in the 1990s, was sold every year in the early 2000s based on what I see on RM. .... I have noticed that similar properties within the same development were also sold every year in the 2000s."

Multiple properties.

So are they all haunted? Built on a graveyard, then?