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Subsidence and property price

I understand that subsidence and underpinning will reduce a property's price but do we know by what percentage?

Asked on Dec 9 2011, House Prices in Worcester | Report content

Answers (1)

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  • It would be difficult to put a percentage price on the reduction in value following a subsidence claim. It would depend on many factors. I have recently seen a property sell for near to asking price as the properties insurers were happy to keep insuring after a full structural survey. It would also depend on area and the type of property, what the demand was etc. If you were talking about selling a property where there had been subsidence many years ago, but the issues were fixed, you might only be talking about a small percentage. If the property in question had ongoing issues, a subsidence problem yet to resolve itself, the loss would be large. Part of the problem would be finding a buyer willing to take it on. Properties with serious structural issues are often sold at auction, I would imagine anywhere from close to market value to a massive 40-50% reduction. If your property has subsidence or you are interested in buying a property which has previously suffered from subsidence, let an estate agent or two give you their honest opinion on what price to achieve/offer.

    Answered on Dec 9 2011, Report content

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