Jump to content
House Price Crash Forum

2 Bed Bungalow For Renovation In Nice Village Near Coventry


Recommended Posts

We have our eye on a 2 bed bungalow with a big garden in a nice village near Coventry. Land registry figures show a sale in January 2009 for around £150k. It recently failed to sell at auction with a guide price of over 200k. It needs a LOT of work doing to it (around £100k worth if you include the same extension that many similar houses on the street have). We recently offered the same as the previous sale price - we haven't yet heard back, but the estate agent was rather sniffy until we pointed out the land reg. figures, at which point they stumbled somewhat.

My current thinking is that someone may have inherited the property, under-valued it for tax reasons (but would this show up on land reg. figures?) and is now trying to offload it at a much higher price. The problem for the vendor is the visibility of the land reg figures - I don't think anyone is going to offer much more than the 'sale' price in January.

So - is it not fraudulent to undervalue a property for tax reasons like this (if indeed this is what has happened)?

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.