Help please. To buy or not to buy

[Gobi]

In the process of purchasing and of end terrace converted old mill house with this massive  London plane tree outside (about 10 metres away). The house is 215 years old and the  old mills were refurbished in 2012 into units. Tree looks older maybe?
 

House is grade 2 listed building and set in conservation area. Trees are of heritage interest and protected with TPO.  Trees and gardens are fully maintained by the estate management company at an annual cost to residents. Property is freehold which is my responsibility.

 

Currently no sign of cracks or subsidence but my mortgage lender said the tree could affect resale value of the house.

 

Can trees this size and for the length of time they have been standing cause damage to property? What about it’s robustness in a storm? 

 

Do you think I should walk away? Do London plane trees add value or will property loose value. I am so so confused! Help!!!

 

 

 

[doobin]

That tree adds prestige to the complex for sure. If you don’t feel that way now then don’t buy it, the last thing the rest of the freeholders will want is a newcomer going on about taking it down. 
 

It ‘could affect resale’ in the same way that grade 2 ‘could affect resale’. Standard crap a surveyor will always say to cover themselves. Reality is they don’t make plots or buildings like that any more and the same goes for a tree of that stature next to it.

 

embrace and enjoy it or let someone who will buy it instead.

Edited November 5 by doobin

[AHPP]

I’d be more concerned by the proximity of people tasteless enough to live in the flat roofed Mcshitholes next door. 

Edited November 5 by AHPP

[Steven P]

Affect the resale value... are you buying this as an investment property or as a home?

 

The value in an investment property is the resale value

The value in a home are the memories you make in it.

[Mesterh]

If its going to affect resale value in the future then Shirley its going to affect the sale value right now. 

Tell the sellers if they knock 50 quid off the asking price its a done deal!

 

Looks like a nice place, if the trees inspected  regularly then I wouldnt worry about. Ive worked on plenty of storm damaged trees that have damaged property, its just usually roof tiles and gutters, the insurance picks up the tab, if the tree has regular inspections mind, well for some insurance companies anyways.