Hi all,I am interested in a property by a river,which just next to a park walkway with rive,only thing worries me is there is a stream cross a corner of front yard,is that any risk and devalue for the property, would you ever consider this kind of property?thanks
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Would you buy if there is a stream cross the property?
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You will need to speak to the Council and see what the likelihood of the stream flooding is, and also judge it's curve and where it would go in that situation. I would love a stream, but a safe one!
Going onto the Council website will often show maps of flood risk, and your insurance will be higher/non existent if there is a risk.
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Look at the damage created by the Christchurch earthquake.
Several years ago, I would have said yes. Now? Never.
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We had the same problem with this property:
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Bought at discount due to a stream crossing the back boundary by a few meters.
So we decked over it, just had to leave an access hole.....
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The council will have flood zone maps. Might affect how you can add on to the property etc.
You'd need to check that out very carefully.
Years ago, me and my wife nearly bought a house in a flood zone, until we saw the LIM that is. The agent reckoned the vendor would warrant that it's never flooded in the 15 years he's lived there etc.
Well we were driving around this area a couple of weeks later on a Saturday, going to other open homes and it was raining. We went down this road and the water was pouring through this section and over the road. Massive river, like 2 feet deep and 20m wide!Squadly dinky do!
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