A British man or woman’s home is their castle, and if anything lowers the value of that castle, owners can lose out financially if they come to sell it.
It can be depressing enough when house prices have simply gone downhill since the purchase of the building, but if something preventable has reduced the property’s value, then it can leave proprietors kicking themselves that they didn’t sort the issue sooner.
However, less commonly, house price can tumble due to the negligence of a neighbour.
The residential conveyancing team at Healys recently read about a civil servant who was fined by his local council in Newport for leaving his home in a state of disrepair for four years.
The building, which stands on an up-market road in the area, has reportedly lowered the value of the other houses on the street by an estimated £20,000.
Neighbours complained and the council issued the man with an enforcement notice in 2011, stating that he had to repair or demolish the garage, repaint the home’s window frames, clear the garden of over-grown plants, and make improvements to the front door and roof tiles. After ignoring this enforcement he was prosecuted.
One of the road’s residents stated, “There has been a fire and at times the garden has looked like a jungle.”
Adding, “No one knows much about [the man]. He doesn’t seem to live here. We hope he will now pull his finger out and bring the house up to scratch.”
The solicitors for house purchase at Healys will be interested to see whether the owner makes any of the changes required of him.