What are the Most Popular Surveys in Wandsworth?
Using our unique data, our team at Compare My Move discovered that the most popular survey type for our Wandsworth users is the homebuyers survey. Over 64% of users arranged a homebuyers report for our surveying partners. The most popular property type amongst these users were flats. This isn’t surprising as the homebuyers survey is designed to suit modern houses, flats and apartments. Terrace homes were the next most popular property type for users looking for this common survey report.
The remaining percentage of users organised a building survey, with the majority of movers purchasing terrace houses. Due to the age of many terrace homes in Wandsworth, the building survey will definitely be better suited, providing a thorough inspection and overview of the property’s structure. If the house you’re viewing has obvious signs of cracking and damage or if it is over 80-years old, then a RICS building survey is suggested.
The homebuyers report is a very common property survey and the inspection included will suffice for a variety of properties. However, older properties, those in poor condition or made of unusual materials will instead require a building survey. This will thoroughly assess the building’s structure and reveal any obvious or hidden damage.
What Types of Historical Architecture Does Wandsworth Have?
Wandsworth is home to a variety of property types, from modern apartment blocks on the river-front to grand Victorian townhouses in East Hill. As of January 2021, the average house price for Wandsworth is £598,547, making it a rather expensive borough for many house hunters.
According to Land Registry data, ‘existing’ properties are more popular amongst Wandsworth movers with around 377 sold in October 2020 alone. New-build homes appear to be less in demand with only 8 sold during that same month. However, there are a number of shared ownership properties and new developments available so it could be a great starting point for first-time buyers in the area.
If you’re searching for an older property, then don’t forget to consider arranging a building survey to ensure a thorough inspection. The homebuyers property will be suitable for properties younger than 80-years of age, but for new-build homes, you will instead require a snagging list.
Wandsworth contains approximately 500 Grade I and Grade II listed buildings and 45 conservation areas. If you’re considering purchasing a listed building, then you will require a special type of property survey known as a listed building survey. It’s also important to note that listed buildings and properties within conservation areas are both protected by the local authority, meaning you may have to adhere to certain restrictions when carrying out work.
|New Build Sales*||8|
|Existing Property Sales*||377|
Is Subsidence an Issue in Wandsworth?
Subsidence can occur when the condition of the ground beneath a property changes, causing the building to move and potentially sink. This also results in structural damage and large cracks will begin to form around windows and door frames. It’s a serious issue for many homeowners and can greatly devalue a property.
A property survey should highlight any signs of subsidence during the inspection. However, if you have already noticed evidence of subsidence, then it would be wise to organise a building survey to assess what damage has already been done to the home.
As you can see on Geobear’s Map of Subsidence in the UK, the areas of Wandsworth that are closer to London’s centre are the locations with the highest risk of subsidence. Cities are especially susceptible to this issue as the increased weight and pressure on the ground can weaken it and cause the properties to shift. Dramatic changes in weather and temperature can aid the risk of subsidence as the soil can dry out and compact.
A reliable property surveyor will be able to report on whether subsidence is a major concern for the property you’re interested in. The report should include photographic evidence and professional advice to help you plan your next steps. This will ensure you make an informed decision before you exchange contracts.
Is Japanese Knotweed a Concern in Wandsworth?
Japanese Knotweed is a highly destructive plant that grows rampantly along railways, parks, waterways and in gardens. It is notoriously difficult to treat and a professional removal could cost upwards of £3,000. However, as the roots are extremely tough and are capable of forcing their way through drains and concrete, you must not attempt to remove the plant without professional aid.
Introduced to the UK in the 1840s as an ornamental plant, Japanese Knotweed is now seen as a nuisance amongst homeowners and can reduce the value of a property by up to 10% if found on the premises. Some mortgage lenders will not approve a loan for a property plagued with this plant as it can cause serious damage.
According to Environet’s Japanese Knotweed Heatmap, Wandsworth is a highly infested area with over 168 reported occurrences in one postcode alone. This highlights the importance of organising a property survey as your surveyor should be able to uncover any signs of infestation. It’s important to note that the closer you are to London, the larger the risk of encountering this notorious weed.
If you find evidence of Japanese Knotweed, do not attempt to remove it yourself. You will only cause more damage and so you must request the help of a professional. You can also contact your local authority should you need further assistance.