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- Selling an Investment Property: Local Searches
Local Searches for Selling an Investment Property
Why It Helps: Proactive sellers often provide a comprehensive pack to make their property more attractive. The cost is a small fraction of the sale price—a smart investment.
What They Cover: Local searches look into past and future plans that might affect the property or its area, avoiding surprises for the buyer. They may include:
- ✔️ Planning applications (current and historical)
- ✔️ Building control history
- ✔️ Nearby road or motorway schemes
- ✔️ Developments and contaminated land
- ✔️ Sewer and drainage schemes
- ✔️ Compulsory purchase orders
- Timing: Your solicitor can request searches from the local authority (takes 2–3 weeks, longer in some areas). For faster results, pay extra for a personal search by an agent.
- Additional Searches to Consider:
- Radon Gas Search: Radon can cause health issues. Check the UK Health Security Agency Radon Map (https://www.ukradon.org/) for at-risk areas (mainly South East Midlands and South West).
- Flood Risk Assessment: Flood risks can impact insurance. Visit the Environment Agency (https://www.gov.uk/check-flood-risk) for updated data.
- Chancel Liability Search: Identifies if the property is liable for church repairs (a medieval law still enforceable). Costs £100–£150. Fun fact: Andrew and Gail Wallbank paid over £400,000 for church repairs after a 20-year legal battle.
- Cost: Local authority search fees typically range from £200 to £400, depending on the council.
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Selling an Investment Property: Navigation Menu
- 1. Key Info for Investment Property Buyers
- 2. Choosing the right time to market your Property
- 3. Planning Permission and Use Classes for Selling
- 4. Providing an Investment Property EPC
- 5. Selling an Investment Property: Local Searches
- 6. Choosing an Agent to Sell your Property
- 7. Marketing your Investment Property
- 8. Maximising your Property Viewings
- 9. Receiving an Offer and agreeing to Sell
- 10. Selling an Investment Property: HOTS
- 11. Exchange and Completion when Selling
Menu
- 1. Key Info for Investment Property Buyers
- 2. Choosing the right time to market your Property
- 3. Planning Permission and Use Classes for Selling
- 4. Providing an Investment Property EPC
- 5. Selling an Investment Property: Local Searches
- 6. Choosing an Agent to Sell your Property
- 7. Marketing your Investment Property
- 8. Maximising your Property Viewings
- 9. Receiving an Offer and agreeing to Sell
- 10. Selling an Investment Property: HOTS
- 11. Exchange and Completion when Selling
Disclaimer
The Content above is for guidance purpose only. While we make every effort to keep the information current and correct, we do not make representations of any kind. Professional advice should be sought, before entering into any legal contract and purchasing a property.