We are about a week from exchange and our solicitor told us yesterday that they’d found on the searches that there is planning permission granted to build a row of terraces behind the garden of the property. Currently there are garages there belonging to a neighbouring estate of low rise flats.
The house and garden are virtually un-overlooked at the moment and this will totally change that. The secluded garden is one of the main reasons we’re buying the property... it’s an end of terrace so was already slightly overlooked by the next door property but we can’t afford detached so were happy with that.
We are going to try to negotiate a reduction with the vendor. My question is, how much do you think that loss of seclusion is worth? We are thinking 5%? The property is priced to reflect its current secluded position, and the estate agent is (apparently) unaware of the planning permission. The vendor didn’t declare it on the seller’s form but we know they’re aware of it because they objected to the council!
We still want to buy the property but want the price to reflect the planning permission, what would you do?