Jump to content
House Price Crash Forum
Sign in to follow this  
dave

Flipped 3 Times Within 11 Months

Recommended Posts

Unberleavable as it is, a house in Sunnyhill in Derby has just been flipped 3 times in a year.

http://www.houseprices.co.uk/e.php?q=chesterton+avenue+derby (3rd time just sold within the last week, sold subject to contract). All within the space of a year. Each time making money.

It is 10 Chesterton Avenue. Sold on 26/04/2005 for £112,000, requiring alot of work. I know, I viewed the house as it was advertised as a four bedroom. In reality it was only a three bedroom. The fourth bedroom was behind the main family bathroom. House needed loads, and I mean loads of work. Kitchen was gutted, bathroom from the 50/60's. Garden cut in half and sold to neighbours.

It supposedly sold in 07/10/2005. Very strange that, I never even saw it go on the market. And the same family still appears to be living there. If I remember correctly, they were still renovating around the time of the supposedly second sale. The 3rd sale looks genuine, as they have had the removal vans to empty out there house this time.

http://www.houseprices.co.uk/e.php?q=chesterton+avenue+derby

I cannot find the rightmove link at the moment, i believe the house was advertised at £165,000, it sold fairly quickly.

So my question register a sale with the land registry if the sale never took place. I know they could have sold it onto a developer when nearing completion on the renovation. And stayed in there renting until the developer sold it again. I find this scenerio highly unlikely.

Share this post


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...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • 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.