nethouseprices.com - Info needed...

Lips

Howdy,

I've noticed a property showing on nethouseprices as follows :

Oct 2007 - £230,000
May 2004 - £375,300

Both listings show as a sale ("Sale? : Yes"). It's definately the same property, and I know it hasn't been significantly changed in recent years. The house, and all its immediate neighbours usually sell for £200k to £250k, and I don't ever recall seeing any of them listed for anything significantly different in recent years.

Does anybody have any idea why this property would be showing a sale at a significantly higher price than anything else around it? Could that price incorporate the sale of a business, or something else of considerable value?

Any ideas?

Cheers,
- Lips

Rick62

Yes, I've noticed that you often seem to get some very strange pricing on house prices. I'm sure most of it is people do tax fiddles etc. So maybe they sold the house to their business back in 2004 at an inflated price to get money out of their business tax free, something like that.

Lips

Cheers. Any ideas how you might find something like that out? I presume going to the Land Registry and asking for such info incurs a cost (if indeed that level of detail is even allowed)?

- Lips

PasturesNew

The data is incomplete and sometimes erroneous.
I am sure also I have found some items that were there go missing.

1] My friend bought a flat in 02/07 - details still not showing
2] My friend bought a house in 11/05 - details WERE there, but now her house is for sale again I looked and it's not listed
3] My parents' neighbours bought in about 2004. Listing not present, I can't recall if I ever did see it listed, but I thought I did
4] My neighbour inherited his house from his mother, 3 years later it was listed at £37,500 when the house at that time was worth about £200,000 (raised a mortgage for upgrade against a mortgage-free house?)

You can't rely on the information.

Rick62

No idea, presumable from the land registry you might get to see the names of the people/companies involved in the transactions, but if it's a fiddle the names might not mean a lot.

merlinthehappypig

PasturesNew wrote: »

The data is incomplete and sometimes erroneous.
I am sure also I have found some items that were there go missing.

1] My friend bought a flat in 02/07 - details still not showing
2] My friend bought a house in 11/05 - details WERE there, but now her house is for sale again I looked and it's not listed
3] My parents' neighbours bought in about 2004. Listing not present, I can't recall if I ever did see it listed, but I thought I did
4] My neighbour inherited his house from his mother, 3 years later it was listed at £37,500 when the house at that time was worth about £200,000 (raised a mortgage for upgrade against a mortgage-free house?)

You can't rely on the information.

Same here.

We can't find 3 of the 7 houses we viewed last week. It's not just 'nethouseprices' either.

ffacoffipawb

merlinthehappypig wrote: »

Same here.

We can't find 3 of the 7 houses we viewed last week. It's not just 'nethouseprices' either.

If they last sold pre 2000 (or is it 2001) then the prices won't be shown.

merlinthehappypig

Thanks- that rules one out, but the other two were new builds in 2006.