I am in the process of buying a terraced 2 up 2 down Victorian house which is on a slight hill and resides inbetween two houses, one being end of terrace house.
It turns out that the end of terrace house had subsidence and work was carried out in 2000 on the partition wall, that is the wall that ajoins that house and the one I'm wanting to buy. Alos, the vendor claims that an insurance report stated that the property didn't have subsidence, but I have no way of proving that unless the vendor can provide the proper documentation.
I've commissioned a 'Head line Building Survey' - this is a Home Buyer's Survey with knobs on, it'll tell me if it really has subsidence and if it needs sorting out right now. While I'm waiting for that to come through I wanted to hear your thoughts on the matter.
I've done a postcode search and it shows that it's in a High Risk area for potential subsidence.
I'm not totally freaked out by subsidence, it's a bit of a bogey word. I figure if it has got subsidence then I'll only buy the place if the vendor knocks down the price to accomodate the cost of getting it fixed.
However, should I be really worried?? Should I ditch this house which seems structurally sound to me and my parents. And my parents aren't first time buyers...