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Such a big price difference!!

Could this be a mistake? I am checking a house in that road and I found this. Surely this cannot be right? I found it on right move. Thanks

46 Oxford Road
Freehold (Terraced)
Sold for £399,950 on 02 Apr, 2008
46 Oxford Road
Freehold (Terraced)
Sold for £265,000 on 12 Sep, 2007

Comments

  • Incisor
    Incisor Posts: 2,271 Forumite
    1,000 Posts Combo Breaker
    loulou41 wrote: »
    Could this be a mistake? I am checking a house in that road and I found this. Surely this cannot be right? I found it on right move. Thanks

    46 Oxford Road
    Freehold (Terraced)
    Sold for £399,950 on 02 Apr, 2008
    46 Oxford Road
    Freehold (Terraced)
    Sold for £265,000 on 12 Sep, 2007

    Hmm. How much do YOU think it is worth? Someone might have an interest in a few properties and might have sold to a relative etc, just to get that entry into the record?
    After the uprising of the 17th June The Secretary of the Writers Union
    Had leaflets distributed in the Stalinallee Stating that the people
    Had forfeited the confidence of the government And could win it back only
    By redoubled efforts. Would it not be easier In that case for the government
    To dissolve the people
    And elect another?
  • beingjdc
    beingjdc Posts: 1,680 Forumite
    Hmm. Looking at an aerial photo of that road, a lot of the properties seem to have rear extensions and loft conversions, but not that one, so it's possible that it's a "property ladder" style job.

    Or it's some sort of Capital Gains Tax / Inheritance Tax fiddle :) - but £399,950 looks like someone naively paying the asking price at exactly the wrong time, to me...
    Hurrah, now I have more thankings than postings, cheers everyone!
  • dopester
    dopester Posts: 4,890 Forumite
    http://www.houseprices.co.uk/oxford-road-harrow-ha1/

    The seller seems to have gotten a good deal.

    It's just an isolated case. Perhaps the buyer hadn't heard of the credit crunch and believed Nationwide and Halifax's "stagnant" predictions.
  • ler01kjh
    ler01kjh Posts: 164 Forumite
    Maybe they renovated/extended and resold?
  • cats!
    cats! Posts: 267 Forumite
    Buyer 1 paid too much
    Buyer 2 paid WAY too much perhaps??
  • cazmanian_minx
    cazmanian_minx Posts: 4,048 Forumite
    Part of the Furniture 1,000 Posts Debt-free and Proud!
    Something similar happened up the road from where I used to live. The first buyer did nothing to the house except gain planning permission for it to be converted into 3 flats. Something similar might have happened here?
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