HomeBuyer Report in Newington
At Foundation Surveyors, we offer a wide range of services to assist our clients at all stages of property ownership. Our RICS surveys enable potential buyers to make an educated decision about the home they’re planning to buy, lease extensions allow owners to enjoy their home for longer, and valuations are an essential tool when it comes to selling your home (among other times).
HomeBuyer Reports are suitable for a large number of UK homes, making them one of the most common services we carry out for potential buyers. Their main purpose is to provide an expert opinion about the condition of a property, highlighting any defects or areas of concern to a buyer before they formally agree to a sale.
Of course, the ideal scenario is that the investigation finds no substantial issues and the buyer can have peace of mind about their purchase proceeding as anticipated. More often, unexpected findings in a HomeBuyer Report are used to renegotiate the sale price with the property’s vendor.
Property in Stoke Newington
In September of last year, our team carried out a HomeBuyer Report for a property in Stoke Newington. Located in the north-west of the London Borough of Hackney, Stoke Newington is around five miles north-east of Charing Cross and is bordered by Finsbury Park, Canonbury, Stamford Hill and the A10. Average house prices are currently a little above the London average at £720,000, although values have largely levelled out over the last twelve months.
The building we attended was a late-Victorian mid-terrace house, split into two maisonette units. We were inspecting the property on the ground and lower-ground floors, which had been converted into a split-level, 3-bedroom dwelling around 1990.
In terms of our findings, our surveyor noted that there were high levels of moisture recorded in a number of the main walls, which should be urgently addressed. There were a number of suggested causes for this, including:
• Loose and broken downpipes from the gutters
• Vegetation growing up the walls
• Damaged pointing
The surveyor also noted that due to obscuring construction, it could not be confirmed as to whether a damp-proof course (DPC) was in place, which is an essential measure for eliminating damp. Advisory steps for identifying the cause of the damp were included in the report.
Our surveyor noticed that the single-glazed windows would be providing poor thermal insulation and that their timber frames were rotting. It was advised that these should be replaced with new, double-glazed units. Due to the high levels of moisture, it was recommended that internal timbers such as floors and joists should be opened up and examined. Given that these types of repairs are both urgent and costly, the report emphasises the importance of investigating these issues as soon as possible.
It was also apparent that many of the internal services (boiler, gas meter, electrics) had not been tested for some time, and may have posed a significant risk It was recommended that these be inspected by an appropriately qualified professional.