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    • travelmonster
    • By travelmonster 18th Mar 17, 11:05 AM
    • 77Posts
    • 1Thanks
    travelmonster
    Property value affect on mine ?
    • #1
    • 18th Mar 17, 11:05 AM
    Property value affect on mine ? 18th Mar 17 at 11:05 AM
    Around 12 years 4 houses sold in my area for around 250k. However recently (last couple of years ) 3 houses were bought below market value by the same individual for 180k each. But they were quick sales where owners had passed away at some point and their children just sold them at bargain prices.

    Now can I ask would that affect my property value aswell if I was to sell?
Page 2
    • kingstreet
    • By kingstreet 20th Mar 17, 1:17 PM
    • 30,910 Posts
    • 16,468 Thanks
    kingstreet
    Executor sales at below market value should not be appearing on the Land Registry sold figures.

    Do they?

    Surveyors typically take the recent (last four months) sales of similar property in the vicinity (less than 0.5 miles) when they prepare comparables for a valuation.

    Would they do this with the above and affect you?
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
    • gingercordial
    • By gingercordial 20th Mar 17, 2:03 PM
    • 843 Posts
    • 721 Thanks
    gingercordial
    Any idea why the same individual bought three separate houses?

    Are the houses next to each other, and if so could they be considering knocking them down and (subject to planning permission) developing the land into something else? If so, that's even more of a concern for your house price.

    Or are they buying up houses to let out as, say, student accommodation, changing the character of the area?

    There are other reasons of course, but just be aware that having a few low selling prices out there for comparison may not be the only way this could affect your house's value.
    • Crashy Time
    • By Crashy Time 21st Mar 17, 1:30 AM
    • 3,501 Posts
    • 1,830 Thanks
    Crashy Time
    Any idea why the same individual bought three separate houses?

    Are the houses next to each other, and if so could they be considering knocking them down and (subject to planning permission) developing the land into something else? If so, that's even more of a concern for your house price.

    Or are they buying up houses to let out as, say, student accommodation, changing the character of the area?

    There are other reasons of course, but just be aware that having a few low selling prices out there for comparison may not be the only way this could affect your house's value.
    Originally posted by gingercordial

    Yes, very true.
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