50k drop in house sale price. Why ?

CatBlack123

This is what I think is most probably the reason. 

Slinky

We've had something similar on a property that sold down our street a few months back. It sold for over £500K but theres an entry in July at £140K  Still waiting for the proper price to appear - the current owner completed in the autumn.

There's another a few doors along which sold for an unrealistic price a few years ago. I suspect that may have been one inheritor buying out another.

newsgroupmonkey_

Does sound like Freehold / Leasehold issues or someone splitting up.

I'm looking at a 2nd property right now which is pence, because the lease is really short and will cost around £50k to remedy.

badger09

Slinky said:

We've had something similar on a property that sold down our street a few months back. It sold for over £500K but theres an entry in July at £140K  Still waiting for the proper price to appear - the current owner completed in the autumn.

There's another a few doors along which sold for an unrealistic price a few years ago. I suspect that may have been one inheritor buying out another.

That, and MobileSaver's example, together with lack of info of renovations etc, precisely illustrate why Zoopla 'valuations' are mostly as useful as a chocolate teapot.