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Buying on designated flood plain
Comments
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MoneyLosingExpert wrote: »Thanks, one more question. The survey stated that a reasonable price for the property was £130k (which is what we have agreed at). Would this have included the fact it was on a flood plain etc and conclude it is still a reasonable price?
Try to find a similar place that's on a hill & see what the price is for that. I'd try to use it to haggle down a little further."Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
Guy_Montag wrote: »Try to find a similar place that's on a hill & see what the price is for that. I'd try to use it to haggle down a little further.
Thanks, I've had a look around and it seems like more of a steal than I remember!0 -
MoneyLosingExpert wrote: »Thanks, I've had a look around and it seems like more of a steal than I remember!
As long as you have wellies then you will be alright
I'm not cynical I'm realistic
(If a link I give opens pop ups I won't know I don't use windows)0 -
Guy_Montag wrote: »I would be
Even if you weren't though, your mortgage company may well be. A lot won't lend/charge a premium rate, which cuts down the pool of potential buyers somewhat. Plus that insurance agreement with current government is coming to an end so insurance companies will be refusing to insure more properties at any price.0 -
Have a look at nethouseprices. Put in the postcode and you will see what others have sold for. Assuming you know which have the same number of bedrooms, you will get a good idea if you have a good deal or not.
4 years ago, I was thinking of offering £86,500 for a ground floor 1bed in the Riverside exchange, but didn`t because of having to pay a grand or so to park the car in the NCP next door. Quite glad I didn`t really.
I think I saw the same flat in the flood pictures.0 -
It would put me off. However be aware of the risk and weigh it up against the price you are paying (and also ensure that you can afford home and conents insurance as well as building insurance so you are not reliant on the government if the worst should happen).0
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Can I ask whereabouts near Sheffield the property is?Though no one can go back and make a brand new start, anyone can start from now and make a brand new ending0
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Sorry didn't read original post properly. Thought you were asking whether to buy or not. In answer to your question, I would be put off.Though no one can go back and make a brand new start, anyone can start from now and make a brand new ending0
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Don;t do it. Not worth the hassle imo. Insurable or not, when the area next floods you'll regret it.
Got to be another good reason to buy older properties.0 -
Query particularly to Badger_Lady and ixwood - but anyone else feel free to answer -
Why the comment re "only way to be safe from flooding is to buy 100 year old house at top of hill" - why 100 years old/older property? Is that because you feel if it hadnt flooded by by now then it never would? How would you know if it had ever flooded since it was built?0
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