I am considering buying a property (for investment purposes - redevelop and sell on). It has three floors and is situated on a hillside, it is also Grade II listed.
The property is in a middle row of three rows of terraces, each terrace has a front garden which has a level that is roughly in line with the
1st floor of the next lower terrace. /\ / \ / \ / \ | | /\ |______| / \ | | / \ |______| / \ | | | | |______|______________|______| / | | / |______| / | | | |______|____________| |The back walls of the two lower floors have some damp (inevitable I guess given the layout) and one of the neighbours volunteered the info that they all suffered from the same problem.
Given that a number of these properties have been bought and sold over the last few years I am assuming that buyers are not having problems raising finance but I am slightly nervous that I could spend the money doing the place up and then have problems selling it.
I guess it might be possible to treat the back walls somehow to give the internal decoration some protection (as in the tanking done to cellars).
Any thoughts on the wisdom of pursuing this project?
Cheers
Martin