Potential subsidence risk - Environmental Seach
Discussion
just had a search environmental done and it all clear apart from as below. Is this fairly common or something to worry about?
Ground Stability: IDENTIFIED
What is the potential for natural ground instability in the area within 50m of the property? - Moderate
Comment: The British Geological Survey has assessed the area of search as having moderate potential for natural ground instability. This does not necessarily mean there is cause for concern in terms of the property's stability. Active subsidence will be dependent on local conditions, such as the proximity of trees or areas where trees have been removed, which require an inspection of the site to identify the nature of the ground on which the property is built. A house buyers survey is advised to look for signs of property damage that may indicate poor natural ground conditions.
Ground Stability: IDENTIFIED
What is the potential for natural ground instability in the area within 50m of the property? - Moderate
Comment: The British Geological Survey has assessed the area of search as having moderate potential for natural ground instability. This does not necessarily mean there is cause for concern in terms of the property's stability. Active subsidence will be dependent on local conditions, such as the proximity of trees or areas where trees have been removed, which require an inspection of the site to identify the nature of the ground on which the property is built. A house buyers survey is advised to look for signs of property damage that may indicate poor natural ground conditions.
worsy said:
Need more info. How old is the house, and do you know if it is made up ground, mining territory or a natural ground issue? (based on location)
Thanks for the prompt reply.The house was built in 1982 and is in Luton, LU1 - Mid Terrace property
The issue is rated as moderate and is listed under Natural Factors, the rest is included in my original post.
Comes as No under Man Made Factors and negative for Coal affected Area.
Everything else seems fine and I wanted to know if it's a problem, solicitor advised that I contact the insurance company to make sure extra cover/premium is required.
Would it make a difference to the value?
No expert, however it is a modern (relatively) build so you would expect foundations are appropriate. When we purchased our latest property the coal board search showed mines however the nearest mine is some miles away and a whole town is built here. Risk was therefore low.
Value of the house without a previous issue is a risk evaluation. It may not bother me but it obviously piqued your interest so you might be more nervous and hence feel it's worth less. As you know, houses are worth what someone is prepared to pay.
Lay persons view. Someone more qualified will I'm sure provide a professional view.
Value of the house without a previous issue is a risk evaluation. It may not bother me but it obviously piqued your interest so you might be more nervous and hence feel it's worth less. As you know, houses are worth what someone is prepared to pay.
Lay persons view. Someone more qualified will I'm sure provide a professional view.
Cheers, thanks for the reply, I think it's just panic caused by the word "Subsidence" as most it rings alarm bells.
The risk seems to be low and reading more it seems most of London would fall into this category, I'm assuming Luton may be built on similar soil.
It could be the solicitor just double checking and covering their backs, they are asking the vendors solicitors for more details, certainly on the documents it says a claim has never been made for subsidence.
If the whole area is like that then it shouldn't affect value. The insurance has already been quoted for and no additional terms were mentioned but been advised to inform them, also mortgage valuation... are they making a bigger than it is?
The risk seems to be low and reading more it seems most of London would fall into this category, I'm assuming Luton may be built on similar soil.
It could be the solicitor just double checking and covering their backs, they are asking the vendors solicitors for more details, certainly on the documents it says a claim has never been made for subsidence.
If the whole area is like that then it shouldn't affect value. The insurance has already been quoted for and no additional terms were mentioned but been advised to inform them, also mortgage valuation... are they making a bigger than it is?
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