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Advice on buying with underpinning

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  • Advice on buying with underpinning

    Hi, we would really appriciate some advice,

    We have put an offer on a 1960's ground floor masonette, that had to have underpinning 3 years ago due to a tree damaging the concrete floor and partition wall in one of the bedrooms. The tree has now been removed, and the hole filled in and a shed put in it's place.
    We've checked the insurance, and understand that it's much higher than it would normally be, but the price is 50k cheaper on a property that would usually be worth around £375k. It also has a very large garden so the property could grow with us (hopefully in the right way), if we needed more room with an extension.

    What are people's thoughts on this?
    The property is a leasehold, but the garden is totally ours, so do people see any problems with extending into it? Is that kinda thing just a case of getting the freeholders and councils permission. I have no experience of this.
    Also, is the underpinning just a total no. I know it'll be harder to sell, and the insurance will be higher, but that's why we'd get a £375k property to £325k. And if we plan to stay in it for a while we would be getting a lot for our money.

    Thanks for any help,

    M
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