dave Posted August 15, 2005 Share Posted August 15, 2005 One for the bears ..... 32, Merridale Road, Littleover, Derby, City Of Derby, DE23 1DJ sold in 2005 for £80,000 was bought in 2002 for £107,000 Do not know the story behind this one, very suprised at this loss as littleover is a really desirable part on Derby with good schools etc. Could be repossession. Quote Link to comment Share on other sites More sharing options...
ajh Posted August 16, 2005 Share Posted August 16, 2005 One for the bears .....32, Merridale Road, Littleover, Derby, City Of Derby, DE23 1DJ sold in 2005 for £80,000 was bought in 2002 for £107,000 Do not know the story behind this one, very suprised at this loss as littleover is a really desirable part on Derby with good schools etc. Could be repossession. <{POST_SNAPBACK}> Now that is a seriously interesting piece of information (due to specific family circumstances) if Littleover is a reasonable area with good transport. I wonder if it's the start of a more general trend? Quote Link to comment Share on other sites More sharing options...
doogie Posted August 16, 2005 Share Posted August 16, 2005 It's always dangerous to conclude anything from this. A very possible scenario is that it was bought jointly by a couple in 2002, then in 2005 one bought out the other following a relationship breakdown. Quote Link to comment Share on other sites More sharing options...
justanewbie Posted August 16, 2005 Share Posted August 16, 2005 (edited) Do not know the story behind this one, very suprised at this loss as littleover is a really desirable part on Derby with good schools etc. Could be repossession.<{POST_SNAPBACK}> 24/06/2005 £80,000 Semi F/H 32, Merridale Road, Littleover, Derby, City Of Derby, DE23 1DJ 2 11/05/2004 £135,000 Semi F/H 7, Merridale Road, Littleover, Derby, City Of Derby, DE23 1DJ 3 18/10/2002 £107,000 Semi F/H 32, Merridale Road, Littleover, Derby, City Of Derby, DE23 1DJ 4 26/06/2002 £85,111 Semi F/H 9, Merridale Road, Littleover, Derby, City Of Derby, DE23 1DJ 5 31/07/2000 £77,500 Semi F/H 38, Merridale Road, Littleover, Derby, City Of Derby, DE23 1DJ Very odd.... Edited August 16, 2005 by justanewbie Quote Link to comment Share on other sites More sharing options...
eek Posted August 16, 2005 Share Posted August 16, 2005 My guess would be a repossessed wreck damaged by the owners in frustration as they left. Its the stupidest thing you can do but many, many repossessed properties where damaged in the same way back in the early 1990s. Quote Link to comment Share on other sites More sharing options...
newbie Posted August 16, 2005 Share Posted August 16, 2005 Could be a sale within the family. Quote Link to comment Share on other sites More sharing options...
dave Posted August 16, 2005 Author Share Posted August 16, 2005 It's always dangerous to conclude anything from this.A very possible scenario is that it was bought jointly by a couple in 2002, then in 2005 one bought out the other following a relationship breakdown. <{POST_SNAPBACK}> I know of a doctor who a really nice house on Burton Road, which is a plush part of Derby. The house was really big. He was splitting from his wife and sold the house really cheap to one of his mates. It was all done out of spite. He must of lost a bucket load of money on the deal, but when someone is driven by spite, they do irrational things. Quote Link to comment Share on other sites More sharing options...
Bear Goggles Posted August 16, 2005 Share Posted August 16, 2005 My guess would be a repossessed wreck damaged by the owners in frustration as they left.Its the stupidest thing you can do but many, many repossessed properties where damaged in the same way back in the early 1990s. <{POST_SNAPBACK}> Yeah, I was talking to someone who bought a repossessed house in 1991. The owner had trashed the place before he left. Thrown paint on the carpets and drilled holes in the radiators. He had also sabotaged the electrics. I reckon we'll see plenty of that if the brown stuff hits the fan again. The same mentality that causes people to brag about the increase in the 'value' of their homes drives them to do spiteful things when they realise it's the bank that owns them. (they don't like it up 'em) Quote Link to comment Share on other sites More sharing options...
Dicky Posted August 16, 2005 Share Posted August 16, 2005 Yeah, I was talking to someone who bought a repossessed house in 1991. The owner had trashed the place before he left. Thrown paint on the carpets and drilled holes in the radiators. He had also sabotaged the electrics.<{POST_SNAPBACK}> Thats not very nice, but I guess when someone is facing financial ruin its a bit much expecting him to leave you a bunce of balloons and a smiley cake. Quote Link to comment Share on other sites More sharing options...
eek Posted August 16, 2005 Share Posted August 16, 2005 Thats not very nice, but I guess when someone is facing financial ruin its a bit much expecting him to leave you a bunce of balloons and a smiley cake.<{POST_SNAPBACK}> I wouldn't expect that but it can easily knock 30% off the already low price you would get for your house as you need to factor in replacement electrics, heating, kitchen into the cost of the house. I know some people who made a fortune buying these for peanuts in the mid 90's. Oh and a couple who are still trying to repay the debt they still owe on a house they did exactly the above to. Quote Link to comment Share on other sites More sharing options...
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