A company that treats the invasive Japanese Knotweed plant claims that 1 in 20 homes in the UK are now affected by the plant. Environet goes on to claim that homes afflicted with the plant lose around 10% of their value.
Environet state that the tool “provides a sensible framework for price negotiation considering the unique facts of the case.” However, unless the plant wasn't identified at the time of inspection, a reputable estate agent should factor this in to their initial valuation. Thankfully, Environet only have a handful of records relating to the weed in and around Hinckley.
Japanese Knotweed is particularly prevalent in areas with old rail lines, as it was introduced by the railways to reinforce embankments. At the time it was not know how fast the plant could spread, and the significant damage it can cause to man-made structures.
Parking was the most searched for term across Britain, and it's high on tenants lists of requirements in Hinckley too.
Concerns have been voiced by the industry following an announcement made by the government relating to the abolition of AST'
We will finally have a regulator with the power and funding to be able to truly increase standards and drive out rogue agents.
Social and private landlords (or agents) will now be required to ensure that a property and its common areas are fit for human habitation.