Survey reveals mines!

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B
Bristol girl
38 Posts
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I was offered a very good deal on the last property in a small, select development in the South West. It is a 5 bedroomed house which I was looking to sell on, and due to the huge demand in the area, am confident of making at least a 30k profit.

Unfortunately, one of the searches carried out by my solicitor has revealed the presence of an active mineral mine 30' under the site of the development. She tells me that the property owner will not be entitled to compensation for any damage or subsidence that is caused as a result of the mining activities!

Would I be correct in assuming that this will make it difficult to sell on? (I don't think I'd want to buy it as a main residence!) If so, I don't understand how the developer was able to sell the other 30 properties so easily.

What would you do?

Thanks.


16/02/2007 00:00

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