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Mine shaft - how does it affect price ?
charlies_mum
Posts: 8,120 Forumite
I have seen a property for sale by auction, but on checking the legal pack, there is a 77m mine shaft right in the middle of it.
The Coal Board has said that further movement is unlikely, but I am just wondering how much this will affect the resale value, and whether anyone has an experience of buying / selling a property that has this problem.
The Coal Board has said that further movement is unlikely, but I am just wondering how much this will affect the resale value, and whether anyone has an experience of buying / selling a property that has this problem.
You're only young once, but you can be immature forever 
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Comments
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DH is a structural engineer. We wouldn`t buy it. It will be in auction because the vendors are unable to sell. If you want peace of mind then don`t touch it0
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Hi charlies_mum,
The fact that the Coal Board have said 'further movement is unlikely' really means that they don't know for sure.
I'm thinking famous last words if it does fall in and if you have any children I think you would always worry when they are playing in the garden.
For peace of mind I would leave well alone.
Cheers
Debs0 -
I'd agree....unlikely doesn't mean that it won't cause further movement. Be carefulBaby Year 1: Oh dear...on the move
Lily contracted Strep B Meningitis Dec 2006 :eek: Now seemingly a normal little monster. :beer:
Love to my two angels that I will never forget.0 -
At least you'd be able to sell your story to a newspaper if it did collapse!
Seriously, try and find out how much insurance would cost on the property, that will give you an idea of the risk.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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