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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.
Howard-
The fact they sprung it on you late in the game definitely makes it suspicious.
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Our buildings and contents is 1/3rd of that (underpinned Victorian). The most recent insurers basically said it’s too old to worry about (mid 1980s underpinning)... Not a £1.X m house but rebuild is estimated at £600k.
Fair enough about the seller and EA though. Not a good start!In our case the issue was identified and fixed, with no identifiable movement since, so I’m happy to ignore the worriers. Insurers are slightly restricted but the cost seems fine. The doom and gloom seems to be a lot of hearsay and received wisdom rather than experience, from the reading I did.
NickCJ
Dramatic_Hammer
Why do you want an allowance for an underpinned property? (Assuming historic).