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House built on adit and mine shaft in the garden
Greenpenguin
Posts: 7 Forumite
We're considering buying a house built over an adit (it's an old victorian house, not a new build). There are also 2 mine shafts within the boundary of the garden. Would you avoid in case of potential problems / risk of putting off future buyers?
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Depends, but if the price is right then yes I’d buy it.0
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Greenpenguin said:We're considering buying a house built over an adit (it's an old victorian house, not a new build). There are also 2 mine shafts within the boundary of the garden. Would you avoid in case of potential problems / risk of putting off future buyers?If it were a modern house, built with deep piles designed after an extensive ground survey, then I'd be less concerned.But the Victorians weren't too fussy about building on poor ground, with minimal foundations, so there's always a risk of movement happening at some point in the future.If there are other suitable properties I'd be considering them first.0
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I would ask myself what is the unique selling point for this house.For some properties, it's worth taking a calculated risk. The house I live in now had several risks attached, but comparables were like chicken's teeth. If it had been a Victorian semi, I'd have passed by on the other side.“If you tolerate this, your children will be next.” The Manic Street Preachers0
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Is it insurable on standard terms?I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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Where is it ? Some area's are literally riddled with shafts and most are not documented , every house has a shaft nearby (Kingswood Bristol).0
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It's in Greystones, Sheffield. It's an old mining area so not uncommon but I still think there are plenty of houses around that aren't as close to the shafts so possibly not worth it.0
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We haven't looked into insurance yet so that's possibly another issue. We've decided not to go for it, it's too much of a risk for us at the moment.0
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