House on Landfill

owen1978

Hi me again, just found out that my potential house is built on a landfill
the last time the landfill was used was dec 1977. These houses on this estate are all ex council houses too, so should i look for anything else.

Should i withdraw my bid?

poppysarah

What state is the landfill on? One near us is having to have methane extraction set up and will be on 24 hrs a day. They say it'll be very quiet and cause no problems.

RetroBob

I don't think it should stop you outright, I have no experience in this but personally I would

a) knock on a few doors nearby and ask if it's been an issue for them
b) check with the environmental health department of the local council for any issues in that area since houses were built
c) if you proceed with the purchase, ensure an environmental search is done via your solicitor.

owen1978

Im looking at the house from a resale value when we eventually decide to move up the property ladder, i cant see value of the house increasing that much due to the landfill.

Am i wrong?

Just checking recent prices of sales on that street;
2006 - £85k (during peak house prices)
2004 - £67k

Are we paying to much (85k?)

Running_Horse

owen1978 wrote: »

Im looking at the house from a resale value when we eventually decide to move up the property ladder, i cant see value of the house increasing that much due to the landfill.

Am i wrong?

Just checking recent prices of sales on that street;
2006 - £85k (during peak house prices)
2004 - £67k

Are we paying to much (85k?)

What do you think?

I would worry more about not reselling at all, rather than value.

barnaby-bear

Running_Horse wrote: »

What do you think?

I would worry more about not reselling at all, rather than value.

A lot of people especially with "kiddies" or "tots" get very frenzied about such issues along with pylons and mobile masts etc.... there have been subsidence cases and cases where old records come to light revealing all sorts of nasties were dumped along with domestic... personally I wouldn't like the idea and neither would a lot of people so I'd be worried that only 30-40% of your target market would be interested in buying it in the future...

Lilmissdaydreamer

Like you i'd say it might people people off. As for the price of the house did you offer full asking price? Deals are out there to be had!

Cat695

If its making you concerned.....then its going to make anyone you sell it to concerned

GDB2222

owen1978 wrote: »

Im looking at the house from a resale value when we eventually decide to move up the property ladder, i cant see value of the house increasing that much due to the landfill.

Am i wrong?

Just checking recent prices of sales on that street;
2006 - £85k (during peak house prices)
2004 - £67k

Are we paying to much (85k?)

You do not say which part of the country you are living in, but most house prices are down about 20% from the peak. £85,000 less 20% equals £70,000, so yes you are paying far too much.

Besides that, there is a far greater choice on the market for buyers at the moment. Consequently, a property like this one which has a defect from being built on landfill, or at least a potential defect, is going to be discounted more in the present market than a property without the defect. There is the old property adage that during the boom times you can even sell the house next to the fire station.

owen1978

Just want to say a big thank you to all of you for your advice it has really helped.

I have advised the EA, that i have withdrawn my offer

Many Many Thanks

& Thanks Martin for the best consumer website ever!

:money:

Cat695

owen1978 wrote: »

Just want to say a big thank you to all of you for your advice it has really helped.

I have advised the EA, that i have withdrawn my offer

Many Many Thanks

& Thanks Martin for the best consumer website ever!

:money:

IMO you have made a good decision