upvote
As far as I can tell, the actual house is missing. This is the outbuildings and tunnels and associated non-dwelling rooms only, and planning permission exists to build a house on this land. I suspect you won't get planning permission to use what is there as a house, but instead are required to replace this with a house according to the approved plans.

Perhaps they split the previous house out into its own plot and sold it separately.

reply
Auction pricing.

It'll start out at £300k (to market it attractively) and end up selling for £500k+.

reply
Check the pictures, this doesn't look like a house to me. 2 levels of workshop areas and an office area. Also the swimming pool is in the front yard, thats a weird one.
reply
UK money. Still that works out to about $400k in us dollars. You can find better deals in the US, but probably none with tunnels - and unlikely to be places you want to live though not bad places (bad places in the US that would be around $120k)
reply
I think you can find a freestanding house in former DDR for less than 300k but it will certainly not come with a pool! Maybe a mud puddle if you are lucky.
reply
> You can find better deals in the US, but probably none with tunnels

I once came across a middle-of-nowhere midwestern house auction listing by the US government. It came with a detached 5-vehicle garage, and an attached multistory underground hole I assumed was a missile silo. I can't remember the exact starting price, but it was significantly lower than $400k IIRC.

reply
It does seem cheap for a house in Reading, even factoring in that it is a bungalow. Maybe they factored in increased subsidence risk?
reply
There's a bunch of potentially unpermitted tunnels under the property. Quite the liability.
reply
How this works in the UK normally is when you're knee deep in the purchase process you have to get legal searches and a survey and the lawyers or surveyor will find the tunnels have no permissions and then you will not be able to borrow money to buy the property because no bank will lend when there is an adverse survey or there are legal questions associated.

You can get these types of things sorted (eg apply for retroactive planning permission) and the council will send a surveyor and give you an opinion but you are running the risk that they insist you either make it good (remedy anything they don't think was done right) or (worst case scenario) tell you to put it back like it was before the unpermitted work was done. This happens more often than people think.

That's why the house has been reduced in price so much - to find someone who feels like the headache is worth it. I have my doubts to be honest.

reply
Planning permission isn't required if what is there has been established for over ten years without objection. I suspect that's the case here.

However, I think you're right that no bank will lend. They expect only a cash buyer who can "regularise" it and sell it on at considerable expense. Hence the price.

Apparently they have planning permission approved already to build houses on this land.

reply
And if they were permitted you'd still have the liability. It's not like the permitting authority is gonna say "aw well we let you do it this is on us" if something happens.

"Real" liability of the "if something happens I'm on the hook" kind is not what's driving down the value here. What's driving down the value is that now that there's a bunch of pictures floating around the internet the tunnels are worthless because some government inspector could choose on a whim to force you to fill them in at your expense (which you would presumably fight, expensively, in court).

reply
Suspiciously cheap. There are no detached (what we call 'freestanding') properties on Right Move in the area under £400k. The cheapest is £450k

EDIT: oops, forgot to select the 'Bungalow' filter too (ugh). 2 properties: £375k and £350k (very small, 60m2). Still...nothing detached around £300k

EDIT2: ohh auction...230m2...yeh won't go for £300k, way more

reply
Germany uses freistehendes Haus, hence my use of "freestanding house".

Detached sounds funny, as if the house was previously attached to another but not anymore. Like how you can only be divorced or widowed after being married to someone.

reply
deleted
reply