Meet the Other Phone. Flexible and made to last.

Meet the Other Phone.
Flexible and made to last.

Buy now

Please or to access all these features

Property/DIY

Join our Property forum for renovation, DIY, and house selling advice.

Other than Land Registry, how can I find out historic purchase price?

11 replies

Renthorrorshow · 12/11/2024 10:46

Is there anything other than Land Registry or things derived from Land Registry where I could find out the price paid for a property?

I'm trying to investigate some potential financial shenanigans involving my sibling taking advantage of our elderly father. A property that was supposedly bought for £500k (with the help of a large loan from my father) is showing on Land Registry as being bought for £49,999. Clearly the property is worth more than £50k but I am struggling to believe it was worth £500k at the time of purchase.

Is it likely that the £49,999 is just a clerical error where one 9 has been accidentally dropped? Is there any other source I can cross check this with or will everything just derive from the Land Registry anyway?

Sibling is currently refusing to repay the loan and claiming it was a gift. I am therefore suspicious that there is not enough equity in the property to borrow against in order to repay as the loan was not used as deposit in the first place.

Any help much appreciated.

OP posts:
bilbodog · 12/11/2024 10:51

Did the property appear on rightmove for sale? If so you can google sale prices in that postcode and it might show up.

Berthatydfil · 12/11/2024 10:52

Is it possible the land registry is correct and your sibling added an extra 0 to the sale price to con your df?
When did he buy it?
can you look at neighbouring properties sales prices/valuations over time.
If you download the deeds (£3 from land registry) it will give you the owners history info if the property currently has a mortgage.

ReleaseTheHoneyBadgers · 12/11/2024 10:58

Here: https://www.zoopla.co.uk/home/

Renthorrorshow · 12/11/2024 11:30

Thanks for the replies. The property was purchased in 2008 and I can find the property and photos from that time on Rightmove and the £50k purchase price but can't see anywhere that shows the listed price. It's a 3 bedroom semi detached character property with 1-2 acres in a rural village so difficult to compare prices as eg not on a street with loads of similar houses. I already downloaded the Land Registry docs and it shows a mortgage from 2008 and a new charge from 2018 which I presume is a new provider or remortgage?

My father transferred the money three months before the purchase went through which also makes me suspicious that the money was possibly used to pay off debts rather than as deposit.

I am also wondering if my father's money and the equity in my sibling's previous property were used to make some kind of cash purchase with nominal £50k going through the books, thus avoiding CGT for seller and stamp duty for my sibling?

OP posts:
Soupwithstring · 12/11/2024 11:58

Hi OP. We sold a character 4bed with no land in a village in 2008 for £400k.

That sounds about right unless the house was derelict.

BaronessBomburst · 12/11/2024 12:04

Do you have any valuations or records of sale for the property pre-2008?
Was it a private sale, or did it go through an agent?

BrightOrangeDahlias · 12/11/2024 12:14

https://www.propertylog.net/

This is a Google Chrome extension for Rightmove that shows you the history of property prices listed for sale.

JeremyFischer · 12/11/2024 12:43

Do a Google search for otta.property, which has a great map for sold prices. Bear in mind the LR is hopelessly out of date, with transactions taking a year to register

newtb · 12/11/2024 12:50

There's ourproperty.co.uk which gives sold prices going back to 1998. Often has a link to thé estate agents advert.

Renthorrorshow · 12/11/2024 14:12

Thanks for all the links. I've had a quick look at a few on my lunch break and two sites are agreeing on a current valuation of around £400k which makes £500k in 2008 seem unlikely. (Sites I had looked at before were just scaling up the £50k on Land Registry and giving a current value of about £80k!)

OP posts:
AuntieKraker · 12/11/2024 14:20

You should be able to order a copy of a form called TR1 from the Land Registry, which will show the purchase price, just in case there is indeed an error.

New posts on this thread. Refresh page
Swipe left for the next trending thread