Dramatic_Hammer-
buildings insurance is £1,200 year
Also, google 'should I buy an underpinned property?'
I polled a load of people - answers were 'no' to 'maybe'. So it's going to be a PITA to sell at the end.
It's a bit circular - they are blighted because people think they are blighted and that isn't going to change easily.
FWIW from a technical perspective if the job was done well it makes the place 'better' than stock. Trouble is you never can tell exactly what was done on the day and to what level of quality.
I spent a lot of time understanding the analysis and design documentation for the work that was done* and took advice from people who know what they are doing - in theory it should have been good, but the shitty attitude of the EA and the Seller combined with the potential for the same trouble when selling put me off.
* old school typed reports and hand drawn specifications. Amazin.
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Howard
Howard: I'd like to buy this house please for £1.xM
EA: Sure, offer accepted
Vendor: BTW it's been badly affected by subsidence and underpinned but I'm only telling you now that you've incurred costs
Howard: You need to make an allowance for that - buildings insurance is £1,200 year
EA: £3k or we offer it to another interested party / buyer
Howard: We'll think about it runs off to find another house, finds house, makes offer, offer accepted
EA: What do you think
Howard: Fuck you
EA: they will go to the other buyer
Howard: OK hun, also: fuck you
EA: Howard, turns out the other buyer won't be qualified until January and surprise, vendor doesn't want an empty period property over winter. What would it take, £10k?
Howard: £100k