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House price seems to fall
w00519772
Posts: 1,297 Forumite
I am confused with house sales data.
I found a new house that sold by a builder for £158K in December 2005. Eighteen months passed (and house prices rose significantly), then another new house on the next street sold by a builder (on the same estate) for just £155K (July 2007). The house are similar except the newer is semi detached rather than terraced, which makes it more valuable in my opinion. I would expect house two to be more expensive than house one, however house one was 3K more expensive than house two. Is this one of those things that is not easy to explain?
This is house one: http://www.zoopla.co.uk/property/150-carlton-boulevard/lincoln/ln2-4wj/13349440
This is house two: http://www.zoopla.co.uk/property/34-bobbin-lane/lincoln/ln2-4zb/27439951
I would be grateful for opinions. House two is three storey.
I found a new house that sold by a builder for £158K in December 2005. Eighteen months passed (and house prices rose significantly), then another new house on the next street sold by a builder (on the same estate) for just £155K (July 2007). The house are similar except the newer is semi detached rather than terraced, which makes it more valuable in my opinion. I would expect house two to be more expensive than house one, however house one was 3K more expensive than house two. Is this one of those things that is not easy to explain?
This is house one: http://www.zoopla.co.uk/property/150-carlton-boulevard/lincoln/ln2-4wj/13349440
This is house two: http://www.zoopla.co.uk/property/34-bobbin-lane/lincoln/ln2-4zb/27439951
I would be grateful for opinions. House two is three storey.
0
Comments
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Maybe the vendor of house 2 was desperate for cash and gave a big discount to a cash buyer to get a quick sale.
Maybe the buyer had some compromising photos of the seller.
Who knows; could be any one of a dozen reasons.0
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