blackn1ght@feddit.uk to United Kingdom@feddit.ukEnglish · 3 months agoAverage house price tops £300,000 for first time, says Halifaxwww.bbc.co.ukexternal-linkmessage-square12linkfedilinkarrow-up122arrow-down10
arrow-up122arrow-down1external-linkAverage house price tops £300,000 for first time, says Halifaxwww.bbc.co.ukblackn1ght@feddit.uk to United Kingdom@feddit.ukEnglish · 3 months agomessage-square12linkfedilink
minus-squareFlamekebab@piefed.sociallinkfedilinkEnglisharrow-up8·3 months agoI’m reminded of a place near me that’s on a flood plain. It’s been on the market for ages. They seem perplexed as to why it’s not been snapped up for their ridiculous asking price.
minus-squaretetris11@feddit.uklinkfedilinkEnglisharrow-up2·3 months ago“A couple of sandbags and you’ll be fine!”
minus-squareblackn1ght@feddit.ukOPlinkfedilinkEnglisharrow-up2·3 months agoTo be fair if it’s on a flood plain then it should be unsellable, mortgage providers and insurers might not want to deal with it.
minus-squareFlamekebab@piefed.sociallinkfedilinkEnglisharrow-up2·3 months agoI think with some additional flood defence it’d be fine but I’d expect the price to reflect that.
I’m reminded of a place near me that’s on a flood plain. It’s been on the market for ages. They seem perplexed as to why it’s not been snapped up for their ridiculous asking price.
“A couple of sandbags and you’ll be fine!”
To be fair if it’s on a flood plain then it should be unsellable, mortgage providers and insurers might not want to deal with it.
I think with some additional flood defence it’d be fine but I’d expect the price to reflect that.