will you buy a house at risk of flooding

rammster

Hi there , I am about to buy a house , which is at risk of flooding as its located next to frome river , (narrow river in Dorset) . The house would be at risk of flooding, I wanted your opinions on the pitfalls. It is old victorian located on higher ground /slope , it is 1920s, 2 bedroom end of terrace. It is 1 street and a row of terraces after the river .

MJMum

Pitfalls - high insurance, and if it ever actually DOES flood, not only will you lose some of your possessions but you may never be able to sell it again.

Our previous house was technically in an "at risk" area as it was next to a (tiny) stream and even that caused us issues with the insurance, so personally I wouldn't buy a house with any real risk.

OTOH, you may get more accomodation for your money as the risk will drive down the price.

I guess it all depends on your attitude to risk, and whether it will be just you or you and your family living there.

wymondham

no, never!!!!

advent1122

Nope.
It would be in the back of mind everytime we had a downpour and I wouldnt be able to live like that.
The dream house is only a dream house until you find the next dream house.

Dani85

Personally no, but I suppose it all depends on how much you like the house and whether you think its worth the risk!

tanith

I think I would want to investigate how often the house has actually been flooded before giving it any serious thought and only then decide wether it was worth the risk..... There must be records locally try the local paper archive....

Debt_Free_Chick

Depends .... I would want to know

When the property was last flooded?

What's the official risk rating?

What flood defenses have the authorities put in place?

Happy_frank

Try getting some insurance quotes on the house, if it's been flooded more than once or twice you may not be able to insure against flood.

bargainquest

I have had the same dilemma recently and decided against it. Found more accurate risk statistics when I googled to find out about previous floods. For me, all the talk of climate change and rising sea levels put me off as future resale might be compromised.

Jennie_2

I wouldn't......

I am convinced our weather system is changing and flooding seems more common place than ever before.

I have a friend who lives in a "cold" country and even she says things are warmer and wetter. The "guaranteed" snow fall has decreased in place of rain.

At the end of the day hun it is up to you. Hope my thoughts are of some use.

talksalot81

I would not but this will not be the case for many people. There are more than enough individuals who are willing to donate a lung to own their own cost, as long as the current climate persists, there will be someone who will buy it off you.