What Are the Most Popular Surveys in Greenwich?
According to our data, over 67% of our Greenwich users required a homebuyers survey when purchasing a property. By highlighting issues and defects, a property survey could potentially save you thousands in the long run and ensure you’re making a worthy investment. The results of the report may even be able to help when negotiating the asking price.
The remaining percentage required a more detailed building survey. This assessment is much more thorough and is designed for older buildings or those with complicated or severely altered structures. In Greenwich, this survey type was most popular amongst our users purchasing terrace houses. This isn’t surprising as many terrace homes in this area fit the age requirements for a building survey.
Our unique data also revealed that movers purchasing flats and terrace houses were also the most likely to require a homebuyers survey. Just under 24% of movers purchasing flats required a homebuyers survey, making it the most popular property type for this survey. The inspections included in homebuyer reports are well catered to flats and apartments, which is why it’s not surprising it’s so popular amongst this type of mover.
To help save both time and money during the buying process, don’t forget to compare surveying quotes with Compare My Move. If you’re interested in the flats or terrace homes Greenwich has to offer, then you may require a homebuyers survey. However, if you prefer older properties, then it’s possible you’ll need a building survey instead to uncover hidden damage.
What Types of Historical Architecture Does Greenwich Have?
The London Borough of Greenwich contains many historic and exceptional architecture, including the Royal Observatory and the Old Royal Naval College. There are many Georgian terrace houses in Central Greenwich and a range of Victorian terrace homes and villas in the Ashburnham Triangle. You can also find a number of cosy Victorian cottages near Maze Hill station.
Older homes are very popular amongst many Greenwich movers as, according to the UK House Price Index, around 195 ‘existing properties’ were sold in October 2020. During the same month, only 43 new-build homes were sold. If you also prefer the existing homes in the borough, it would be worth researching a building survey to ensure a thorough inspection is completed.
There are also 23 conservation areas in the borough, according to the local council’s website. A conservation area is a piece of land that usually contains buildings of high architectural quality, an interesting and attractive layout or an important social history. If you purchase a home in one of these areas, you may be restricted with the work you can carry out on the property and surrounding land. To ensure the building’s safety, you may require special permission from the local authority before organising future work or renovations.
Greenwich is also home to approximately 571 listed buildings. These buildings are believed to have historical or architectural interest, again, meaning certain rules must be followed in order to preserve them. It’s important to note that if you are interested in purchasing a listed building, a typical property survey will not suffice. When buying a listed building, a Listed Building Survey is instead required.
|New Build Sales*||43|
|Existing Property Sales*||195|
Is Subsidence an Issue in Greenwich?
A dreaded term for many movers, subsidence is a very serious problem for homeowners across the UK. It occurs when the ground beneath a property shrinks or compresses, causing the foundations of a building to become unstable or sink. It can be very expensive to remedy and the resulting damage can greatly devalue a building. Due to its proximity to London, Greenwich has a medium risk of experiencing subsidence.
Large urban areas such as London are often most at risk of subsidence as the increased weight and pressure of the many densely-packed buildings can severely affect ground stability. The more properties built in a condensed area, the higher the chance of the water within the soil drying up, causing the ground to compact. As Greenwich is not in Central London, it has a slightly lower chance of experiencing subsidence but is still seen as a medium risk.
If there are already signs of subsidence in the property, such as large cracks around windows and door frame, then it’s essential you organise a property survey to assess the damage. This will also include an inspection of the structure and foundations, highlighting if it has affected the building’s value.
For a thorough inspection of the property’s structure, you should organise a building survey, especially if the home is already exhibiting signs of subsidence. If the property seems to be in ‘good condition’, then a homebuyers report will suffice as it will still highlight any obvious issues or damage.
Is Japanese Knotweed a Concern in Greenwich?
Japanese Knotweed, also known as ‘Fallopia Japonica’, is one of the most dangerous plants to grow around properties in the UK. Capable of growing as quickly as 10-20cm per day, it can force its way through drains, walls and even concrete.
Environet’s Japanese Knotweed Heatmap shows Greenwich to be situated in a Japanese Knotweed hotspot, meaning there will be a high number of reported occurrences. In one postcode alone, there have been over 85 reported cases of the destructive plant. This highlights the importance of arranging a property survey when buying a new house in the London Borough of Greenwich.
If you suspect the property you’re viewing has a Japanese Knotweed infestation, it’s advised you hire a verified property surveyor to inspect the home and surrounding land to confirm its presence. If evidence of the plant is indeed found, the surveyor can then advise you on the appropriate steps to take. Do not attempt to remove the plant yourself, however, as it can cause further damage.
Hiring a professional to remove Japanese Knotweed can cost upwards of £3,000 so it’s vital you are aware of its presence before committing to the property purchase. You would also have to contact the local authority and monitor the infected area for the following few years.