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But you say in a previous post that you weren't very interested in this house in the first place, and yet you have got to this point despite knowing there had been subsidence, and then having discovered several issues which the present owners hadn't disclosed? I'm wondering at what point it would feel so insufficiently right that you walked away? I completely understand your exhaustion, but won't you be even more exhausted if you go ahead with this purchase? As regards drainage issues, I can tell you from my own experience that Thames Water will argue that it is your responsibility to deal with a drain even if from their own website content it is clearly theirs. And you might find someone in an obscure TW department who tells you off the record that you are right, but that department is not the department which deals with repairs, and the person has no contact with them. -
30 years ago you could buy and sell houses that had been underpinned without too much worry as long as the paperwork was in place. Huge swathes of Victorian and Edwardian, and occasionally between the wars, properties are underpinned in SE London. Many after the 1976 drought and no doubt following the increasingly common droughts we are seeing in recent decades due to climate change. First issue was when insurers got funny, Direct Line I remember, wont insure many SE post codes. I'm not sure why there is more concern now, although five subsidence claims is quite impressive. As others say if is it discounted and you are prepared to take the risk... Not sure what others think of structural surveys, difficult here is that you need to monitor movement for six months or longer. And older properties will move slightly with the shrinkage and expansion of the clay. Most are out of true (look at how square original door ways are); some would have moved following bombing in the blitz. Odd how much we invest in a pile of bricks that will age and deteriorate. -
By womanofdulwich · Posted
You have to think to your self, if I buy this, will I have problems selling it? Ofc.you will. These kinds of properties are difficult, and although it may be reflected in the price, it will always be hard to sell. Stay clear. -
Price reduction reflects risk.
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