The owners of a Victorian (1880s) house I'm buying in SE London have mentioned historic subsidence from 25 years ago on the Property Information Form. It was apparently caused by a particularly dry summer affecting the clay soil - a common problem in the area.
A large crack apparently appeared where the kitchen/bathroom extension joins the main house. The only repairs carried out were to the damaged drain, and the crack was made good.
My surveyor found no evidence of recent movement, and said this is nothing to worry about. On the contrary, he said the recently replaced drains would avoid problems I might have faced if the original Victorian ones were still there.
It didn't need to be underpinned.
Buildings insurance is roughly an extra £300 per year on top of the £111 quote I received when I didn't mention the historic subsidence.
I want to proceed but I'm worried that the dreaded S-word will make it difficult to sell.
What would you do? Any advice welcome!
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