Has anyone had any house underpinning done and prepared to share the approx cost, Im looking at a property up for auction, it definately needs stabilising.

Theres no point contacting a contractor as theyll want to survey etc, so if I can get a ball park figure, e.g. It cost £xx,000 for a yy metre run, it would give me a rough estimate to base the house' worth to me.

Thanks
Pete.

We work to around £1000/m but that of course will vary depending upon complexity, depth and access etc

My parents house cost £25000 (25k) to underpin it, and that was in 1994

its only a 4bed detached in sussex

yet its worth 20% less than the others around it, and now its £550k

steve

Thanks I had guessed about 1-2 k per metre.

Thats something I hadnt considered Steve, I think its one to pass on.

Thanks..

4 bed semi I purchased had been underpinned around 1995, cost around £25,000 for 5 piers around 5m deep to hit solid ground.

Meant I could afford a far better house than otherwise as cheaper, however specialist insurance was £1000 a year and it was harder to sell when the time came, still worth it fir the right price.

Cheers Mark, its for a refurb and flip, so I need to move it on quick when finished, it sound like it would not yield me an income.

Insurance and perspective buyers could be an issue mention "subsidence" and all sorts of issues happen even if they are not real..

Recent purchase of house with good structural survey an hairline crack (declared as in survey, survey indicated no structural issues yet...) resulted in days on the phone to insurance companies none even with high premiums would satisfy mortgage provider conditions... Caution needed... Once you have a subsidence claim "normal" insurance is next to impossible to get (or very expensive ~1K with large subsidence excess ~7K+).

Dan

If you can tell it needs underpinning then I'd hazard a guess that's why it's being sold. May seem a bargain price, but the issues outlined above could probably cause you more grief in the long run.

Yes thanks guys, you have identified a couple of red flags we hadn't, the first was it being its a cash only auction property, so clearly it is presently considered not mortgageable.

If underpinning doesnt satisfy lenders and insureres.......

We have discounted it now.

Appreciate the great input as usual.