What are the Most Popular Surveys in Lambeth?
Our unique data reveals that the most popular survey type for Lambeth users is the homebuyers survey, with just under 65% requesting this type of property survey. An overwhelming majority of 40.68% needed the homebuyers survey for flats and apartments whilst only 2.61% were for detached homes. This isn’t surprising as flats are often a popular choice amongst movers in Central London.
We also discovered that many users purchasing flats also requested building surveys which is fairly unusual as the homebuyers survey is most suited to this property type. However, over 12% of users requested a more thorough service, possibly revealing the age of the buildings. If the property you plan to buy is over 80-years of age or in poor condition, then you will need a building survey. The most popular property type amongst users requiring this more thorough survey was detached houses.
Do not underestimate the importance of organising a property survey. If defects or damage is uncovered, you will be in a much better position to negotiate the asking price. The results of the report may even convince you to walk away from the sale, due to the extreme costs of repair work possibly required.
What Types of Historical Architecture Does Lambeth Have?
Lambeth’s oldest building is the church of St Mary-at-Lambeth. Whilst it has been rebuilt a number of times, there are parts of the building that date as far back as pre-Norman times. This is just one example of the many interesting architectures Lambeth contains. In total, the borough has around 1,058 listed buildings and 2,000 statutory listed buildings, all preserving the history of the area. Lambeth also has 62 conservation areas, approximately covering 30% of the entire borough.
Lambeth is home to a variety of high-rise buildings, luxury developments and shared ownership opportunities. However, its period homes are often the most popular amongst movers. According to the Land Registry, Lambeth sold 266 existing properties in October 2020 with 0 new-build homes being sold. If you, like many other movers, decide to purchase an older home, then it would be wise to consider organising a building survey to ensure a more thorough inspection.
A lot of the period properties in Lambeth were damaged or destroyed during the raids in World War 2, but there are a number of survivors that still stand today. The Lambeth Ragged School building is a great example, having been built in 1851 and still protected even today. For more modern homes, you’ll find luxurious developments in the Aykon London One tower block and shared ownership developments in Courtenay Street.
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|Existing Property Sales*||266|
Is Subsidence an Issue in Lambeth?
Subsidence can occur when there is a change to the condition of the ground beneath a property. This can lead to the foundations misaligning and the property possibly sinking. It can result in major structural damage and greatly devalue a house. It is a term dreaded by all homeowners.
Geobear’s map of subsidence in the UK portrays Lambeth as a subsidence hotspot like many other areas within Central London. Luckily, the location seems to be depicted as a medium risk area, but that doesn’t reduce the importance of organising a property survey. When viewing a property in Lambeth, lookout for signs of subsidence such as large cracks around windows and door frames. If you suspect the home has been affected by subsidence, it’s essential you arrange a building survey to assess the structure.
Subsidence is a serious concern and can not only devalue a property but also render it unsafe or uninhabitable if the worst should occur. A reliable property surveyor will be able to inspect the home and assess if there is any risk of subsidence, allowing you to make an informed decision in regards to completing the purchase.
Is Japanese Knotweed a Concern in Lambeth?
Introduced to the UK in the 1840s, Japanese Knotweed is a highly destructive plant capable of growing up to 10cm per day. It is notoriously difficult to treat and having it professionally removed could cost upwards of £3,000. However, removing the plant yourself could cause further damage to the infested property or land.
Japanese Knotweed can force its way through drains, walls and even concrete, causing severe structural damage to UK properties. Central London is a highly affected area, with 94 reported cases in one of Lambeth’s postcodes alone.
This dangerous plant can devalue a home by up to 10% if its presence is found on the premises. Some mortgage lenders will even refuse a loan for any infested properties due to the plant’s destructive nature. Japanese Knotweed has an extremely strong root system that can disturb and damage a building’s foundations and walls.
Arranging a property survey prior to a house purchase is essential, especially when discovering evidence of Japanese Knotweed. Your surveyor will be able to highlight any signs of the plant and tell you if it’s present on the land surrounding the home.