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Property for sale that lost value before

Hi everyone,

Sometimes I see houses for sale that are well below market value, when I check the sold prices, I see a strange pattern, like 1 property I looked at in the west midlands showed, 1998 £13000 > 2007 £32000 > 2018 £44000 and now the property is advertised for £35000 with a shorthold tenancy agreement tenant.

Is there any reason why would a property decrease in value dramatically, assuming that the condition didn't change much, like no visible issues.

What should I look for?

Thank you.


  • eddddy
    eddddy Forumite Posts: 15,486
    Part of the Furniture 10,000 Posts Name Dropper
    edited 18 September at 12:36PM

    noah1234 said:

    ...and now the property is advertised for £35000 with a shorthold tenancy agreement tenant.

    Are you saying that the property is being sold with tenants in-situ?  So you are buying in order to be a landlord?

    Having tenants in-situ can have an impact on the price, specially if they are bad tenants. For example, the seller could be a landlord in financial distress (e.g. due to mortgage rates), with tenants who are still in their fixed term, or whose fixed term has ended - but are refusing to leave.

    And/or it could be that the area the property is located is in decline.

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