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Agree but how do you check if any major works are in the pipeline if they are not disclosed ?
Apart from the fact that at some point in time you will have maintenance costs.
not4sale-
Agree but how do you check if any major works are in the pipeline if they are not disclosed ?
You can't, officially.
So you gotta look at the context. How old is the building? Does it look OK? Is the paint pealing? Is the communal stuff looking smart? Are the doors modern FD30 types or ancient 70s stuff? Are they self closing? Is the pointing good? What is the history of works to the building? (if you have to go back a long way....) . Talk to the residents and see if there are murmurings about repairs and works required.
Then you can get an idea.
Problem is you learn to do this the hard way!
Howard
This is why it's fucking important to check for historic investment when buying a leasehold property :)