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Hello everyone, I've entered into a proposed purchase of a house where the asking price is as high as I would expect in relation to nearby properties. The house is 12 years old, has always been rented, (evidenced by the carpets) and has no information about gas or electrics (owner not forthcoming). Now I learn that it has an Overage Agreement on it whereby any increase in value incurred by improvements requiring planning would have to be shared 50/50 with Parish Council. Furthermore the title is possessory, not absolute, which may in theory be changed in October provided nobody else claims interest in the property. Finally I learn that there's a management company for which an annual payment is made for common pathways etc. Do these things make the house more of a hard sell and should they impact the sale price? A local (reputable) estate agent says it's worth 20% less as a result of these three things. The solicitors disagree on the seriousness of the Overage clause and I've had no reply from the parish council. I have to move on in 5 years and don't want to pay full price for a house I may find difficult to sell. (It was for sale and empty for 5 months before I offered without another offer having been made.) Many thanks for any opinions or advice. Jane
