Property located within 20m of mine shaft

Buttery_Biscuit_Base · 27 September 2020 at 4:21PM

Hi,

Myself and my partner are first time buyers and are deep into the process of purchasing a property we both really like. However we've just received our Local, Water, Coal and Groundsure search reports back, and the property is located 2 metres away from a mine shaft which dates back to 1850. In reference to where the shaft is, it is located just in front of the drive way at the front of the property (the mine shaft is not located within the property line itself).

As first time buyers we are not sure whether to progress with this property any further, as we feel we would struggle to sell it in the future when we'd wish to up-size. Also the fact that there's a very deep hole located so close to where we would be living. At the moment, the lender has asked for a further mine interpretive report to be provided by the sellers, and we are waiting for further information on this from our solicitors.

We'd just like to know whether any of you have been in this position before, and how did this affect your decision on purchasing the property?

Many thanks.

Doodles · 27 September 2020 at 6:23PM

My house is on a mine shaft and the entrance is/was over the road. Never been an issue for buying and selling round here - remember that many parts of the North are built on mine shafts.
As long as the reports etc are not problematic, I personally don't think you should worry.

Sistergold · 27 September 2020 at 6:48PM

1850 sounds like a longtime ago. Don’t expect to cause problems to structure of house after such a long time? Some lenders will be more fussy than others.