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Old 09-12-2020, 09:05 PM   #41
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Looks like we are buying it

Had to push our limits a bit and go with the asking price, but it doesn't feel in any way overpriced, given the size of the plot.
Congratulations, and good luck - keep us posted.
Even if it is all straight forward and without issues, I Look forward to hearing it is all buttoned up about April.

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Doing a drive by on a potential place at the weekend... double garage and a workshop. Has a riding stable down the road for the other half's raw lasagne

It is however in Cornwall :vomit: and would triple my commute and add a toll bridge into the mix
@ “Raw Lasagne”

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Good luck.

What does the collective think of buying a fire damaged wreck, purely for investment purposes? Any specific areas of concern regarding the bricks and mortar?

My lad is thinking of buying one. It would cost most of his savings. He's just starting in the building game, so he could sit on it and sell it later as it is or restore it when he's got the funds and skills.

My thoughts are, it's got to be a better investment than a bank. We're talking less than 15k all in.
Unbelievable.

I looked at a house last week in my village.
It is a little three bedroom place which has been derelict and abandoned for at least a decade. Has significant structural problems caused by severe settlement. The house is totally overgrown, a machete had to be used to get to the door (true thing) windows are all broken and the ivy has colonised the inside of the house even growing across the ceiling.
A small plot in the middle of an ex council estate.

Just under 200k

The reason I posted all that /\ is to show just how different our worlds are when it comes to property. Having said that, I don’t feel I could offer anything useful.
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Old 09-12-2020, 11:19 PM   #42
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How was it, any good?
I liked it, other half didn't... so no dice

Walkable train station to avoid the toll bridge AND downhill past a pub on the way home

The search continues (into year 14)
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Old 09-12-2020, 11:50 PM   #43
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Unbelievable.

I looked at a house last week in my village.
It is a little three bedroom place which has been derelict and abandoned for at least a decade. Has significant structural problems caused by severe settlement. The house is totally overgrown, a machete had to be used to get to the door (true thing) windows are all broken and the ivy has colonised the inside of the house even growing across the ceiling.
A small plot in the middle of an ex council estate.

Just under 200k

The reason I posted all that /\ is to show just how different our worlds are when it comes to property. Having said that, I donít feel I could offer anything useful.
I know what you mean, we're fortunate to have a fairly healthy budget for our next house. The difference between what we can get for our money here and in other parts of the country is shocking. I really don't think that my kids will ever be able to afford a house in the South East as things stand
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Old 06-01-2021, 01:15 PM   #44
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Mortgage was approved just after Christmas, so that's a pretty major tick in the box (apart from paying it of course), and it looks like we are on track with everything else. Actually starting to believe that it might just happen.

Electricians visiting tomorrow to retest and certify the electrics of our current house, because although they did it a couple of years ago when we had the kitchen done, we didn't get a certificate and they can't find it. Once that's done, we should be good to go.

Next job is sorting through 20+ years of "stuff", some of which was put into boxes when we left our respective childhood homes and just moved from loft to loft! Already filled one skip last year, suspect another will be required shortly. We won't have a loft to speak of at the new place, so we need to reduce substantially and what's left will have to be stored in the (rather generous) outbuilding.

Last edited by cbst3; 06-01-2021 at 01:16 PM.. Reason: Typo!
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Old 07-01-2021, 10:12 AM   #45
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I looked at a house last week in my village.
It is a little three bedroom place which has been derelict and abandoned for at least a decade. Has significant structural problems caused by severe settlement. The house is totally overgrown, a machete had to be used to get to the door (true thing) windows are all broken and the ivy has colonised the inside of the house even growing across the ceiling.
A small plot in the middle of an ex council estate.

Just under 200k

Yeah, it made 240 - FFS

If only I could have been bothered, I could have back to back that and made 40k.
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Old 22-01-2021, 06:19 PM   #46
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Things are really starting to hot up now, our buyers have had all their searches done, and we have now got all our various completion certificates and other documents sorted. Our searches of the new property are all well under way and preliminary findings are coming in.

One odd thing that has been highlighted is this:

"Reference is made to a Conveyance dated 1 January 1965 which is extracted into the register and reserves a right for John Harford Bradneys and his successors in title at all reasonable times to enter onto the land with horses, dogs, guns, net to hunt, shoot, fish haw and fowl and for the purpose of fishing and carry away all hares, rabbits, partridges, pheasants birds and beasts"

Looking into it, it seems that a young officer (John's father) bought a local country house when he was just 22, and had a new house built on the land. He was the High Sheriff of Monmouthshire and has published a 4 volume history of the area, so was probably quite powerful. He had two sons, one of whom was killed in 1918 in France, and the other being John, who must have inherited the estate. As far as I can see John died in 1962, and had no heirs, so hopefully we are safe.

I would imagine that this is one of those quirky caveats that in reality means nothing, but will check with our solicitor to be on the safe side.

Another thing is that it's a radon affected area, but as I understand it most of the west of the UK is and it's not really an issue.
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Old 22-01-2021, 07:07 PM   #47
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Nice to find out some of the local history though
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Old 23-01-2021, 01:40 PM   #48
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Might be worth a few enquiries on it being in a Radon area. Depending on the radon level there may have been a requirement for a radon barrier and slab ventilation when the house was built. Also, if you wanted to build/extend in the future youíll probably need to include one. Itís not a big issue but a point worth noting.

As youíve said, whole swathes of the country are radon areas and the risk is pretty low, but Iíd at least be looking to ask a few further questions.
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Old 05-02-2021, 11:02 AM   #49
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All still on - there was a scare in the last week when our buyers' buyer had their mortgage offer withdrawn as they are on furlough, but they have a new buyer now. It does extend the chain by another link as the new buyer is selling to a first time buyer rather than being a first timer themselves, but they are working hard to get everything sorted. It seems that the original buyer is also trying to make it work, but our buyers have lost trust in them, so they are going with the new one.

The buyers had their survey done on our current house this week, which seemed fine - the surveyor told me that everything was in order, all work had been done to a high standard and there was absolutely nothing of concern given the age. It was what I was expecting, but there's always a little anxiety.

We also had our survey done on the new place, and chose to have the "buildings" version, although I can't really see that it's much more in depth than a "homebuyers", but I suppose without a degree of dismantling or removal of decoration and plaster, there's not a lot that they can do really. Everything was pretty much as we expected given the age of the original house (built around 1870), but would value any thoughts on the parts that they did call out, as follows:


Walls of the original part are 500mm thick stone construction, about which they say:

"The (original) property is unlikely to have a Damp Proof Course. The inside face of the outside walls were inspected with a moisture meter where some evidence of rising dampness was noted, mainly to the walls in the second reception room at low level; noted with the use of an electronic moisture meter. This did not particularly surprise us in a property of this age.
The rising dampness will be as a result of the (apparent) absence of an effective damp proof course. Rising dampness is a common, naturally occurring phenomenon caused by moisture rising via capillary action into the building fabric. Most masonry building materials can be subject to rising dampness and, without suitable protection; your property can suffer from the problem. Effects can include unsightly mineral salts, moisture staining to decorative surfaces and, in severe cases, the breakdown of wall plaster due to salt contamination.
You may wish to simply note this. Should you remain concerned you should instruct a specialist firm to report on the cause and extent of the dampness and provide estimates for remedial work and associated repairs as necessary prior to a commitment to purchase."

My reading of this is that it's normal for this type of property, and we could get someone in, who would stick a meter on, tell us it's damp and that it needs a new DPC, and then quote us for an expensive, messy and disruptive process that probably won't make any actual difference apart from reducing the damp meter readings! Is this sensible? I think they are covering themselves by saying this, rather than actually thinking that it needs to be done, it did not smell damp, and there were no visible signs of damp when we viewed.

The only other areas that they marked as of concern were the services, but mostly that was because they had no view of service records. They did point out that the oil tank is probably a single skinned plastic one, but I am guessing this is not a major issue, but if we were to replace is future, we'd upgrade.
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Old 05-02-2021, 12:44 PM   #50
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I think most domestic (small) plastic oil tanks are single skinned. It's legit.

Big tanks, due to weight and tanks containing more flammable liquid are bunded. Also commercial, industrial etc premises are required to be bunded.
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