What are the Most Popular Surveys in Hackney?
Using our own unique data, our team at Compare My Move discovered that around 65% of our Hackney users required a homebuyers survey when using our services. This type of property survey is often very popular amongst homeowners in the UK, making it a fairly common request. The inspection included with a homebuyers report provides an overview of the condition of a building, ensuring you can uncover any potential issues that may affect its value. However, it’s not as thorough as a building survey.
If you’re purchasing a home that is older than 80-years of age, is considered to be in ‘poor condition’ or is made of unusual materials, then a building survey will be better suited. It is also suitable for homes that have been greatly renovated and have undergone extensive work as it assesses the structural safety of the building. It’s the most detailed type of property survey and will highlight any underlying issues or damage.
Our data also discovered that over 34% of users purchasing flats in Hackney required a homebuyers survey. This isn’t surprising as the homebuyers report is designed for modern homes and flats specifically and is suitable for homes younger than 80-years of age. Users buying semi-detached and terrace houses were also much more likely to request a homebuyers survey with only 3% of semi-detached movers arranging a building survey.
To help you save up to 70% on your overall costs, don’t forget to compare surveying quotes with Compare My Move during your property purchase. Every partner is RICS registered, experienced and highly qualified, ensuring you’re only connected to the best surveyors in Hackney.
What Types of Historical Architecture Does Hackney Have?
There are a variety of property types to choose from in Hackney, from grand Georgian houses in Clapton Square to flat-fronted Victorian terraces in Hackney Central and London Fields. If you prefer more modern homes or large warehouse conversions, then you’ll find plenty to view in Hackney Wick.
Older properties seem to be very popular amongst Hackney movers, with 120 ‘existing’ properties sold in October 2020 alone. New-build homes don’t appear to be as ‘in demand’ with only 11 sold during that same month. If you’re purchasing a home older than 80-years of age or one that appears to be in ‘poor condition’, then it’s advised you organise a building survey to assess the structural safety of the home.
“Older, more traditional properties are very popular in Reading with over 165 ‘existing’ properties having been sold in January 2020, according to the UK House Price Index. Despite the many new developments being built, only 11 new-build homes were sold during this same month.”
There are currently 30 conservation areas in the Borough of Hackney, with the first conservation areas designated in 1969 in Clapton Square, Clapton Common, Clapton Pond and Clissold Park. These plots of land contain ‘special architectural or historical interest’, meaning many homeowners within the area require special permission from the local authority to carry out certain work and renovations.
There are also around 1,300 listed buildings in the borough. As with the properties in conservation areas, listed buildings are seen as historically or architecturally important, meaning owners require permission to carry out repair work. If you’re interested in purchasing a listed building, it’s also important to note that a typical property survey will not suffice - you will have to arrange a Listed Building Building instead.
|New Build Sales*||11|
|Existing Property Sales*||120|
Is Subsidence an Issue in Hackney?
Subsidence is a dreaded term for many homeowners - it is typically caused by the ground beneath a building compressing and sinking, causing the foundations to become unbalanced. This then results in large cracks appearing around the windows and door frames as the foundation misaligns. As Hackney is fairly close to Central London, it is at moderate risk of experiencing subsidence.
According to the UK Subsidence Map by Geobear, Hackney has a moderate risk of subsidence with areas located closer to Central London having an increased risk. Large cities such as London often carry an increased risk as the ground often dries up due to the added pressure and weight from the number of buildings. If a densely-packed area contains a variety of immense buildings and properties, the ground could weaken and collapse.
If you suspect the property you’re interested in is displaying signs of subsidence, then it’s advised you seek a verified property surveyor to inspect the home. A building survey is often recommended as it will assess any current or potential damage to the foundations. Subsidence can greatly devalue a property so it’s worth investing in a survey, even if it’s simply to provide evidence when renegotiating the asking price.
Don’t forget to compare surveying quotes with Compare My Move to help you save up to 70% on your overall costs. Every partner that enters our network is verified by us and reviewed by you, ensuring you receive quality services from the best in the business.
Is Japanese Knotweed a Concern in Hackney?
According to Environet’s Japanese Knotweed Map, Hackney properties have a fairly high risk of experiencing Japanese Knotweed infestations. It’s vital you uncover any evidence of this destructive plant on the premises as it can decrease the building’s value by up to 10%, with many mortgage lenders denying applications due to its presence.
If you’re searching for a new home within Hackney, especially in areas closer to Central London, then don’t forget to look-out for any signs of the nuisance plant. There have been around 105 reported occurrences of Japanese Knotweed in one postcode area alone. It is capable of growing up to 20cm a day and can force its way through drains, walls and even concrete, causing severe damage. It’s often sighted in public parks and green spaces, so be wary if the property is situated near something similar.
Japanese Knotweed can be extremely dangerous and should you not try to remove the plant yourself. You must instead arrange a property survey to identify its presence and plan your next steps. The cost of having the plant professionally removed can be anywhere upwards of £3,000.