Pyrite

muffinman1982

Hi, I recently looked at a really nice House in the Chapelwood, Dublin 15 area. The agent told us that the house had pyrite but that this has been fixed.

I did notice that an external wall and some bathroom floor tiles were cracked

I was just wondering if anyone has had much experience of pyrite once it has been cleared? Would this effect the selling price in the future?

Any thoughts would be appreciated.

Thanks

incentsitive

My only advice is
1. Make sure you can find out (in writing) that the work was done - if it was done as part of pyrite remediation scheme it should be documented/inspected/certified.
2. Make sure the houses on either side (if any - semi d or terrace say) have been done. If they haven't, run a mile as that is a disaster waiting to happen.

Do not take an estate agents word on it, chancers.

Once the pyrite has been cleared, from your house and adjacent, and the works carried out to a decent standard, it should be OK. If I understand corectly, it depends how bad the condition of the houses were before they got the work done. I am sure plenty of builders would slap a load of polyfill over a crack and some of those doing the pyrite jobs were so sloppy and careless. Typical Irish builder I suppose.

I would be getting an engineer to do a report and investigation before you buy anything in a pyrite estate. It'd be the best 500-1000 quid you might spend.

Metric Tensor

Will definitely reduce the price for ever more. No doubt about it.

Has it got a "Certificate of Remediation" - if not walk away immediately.

Pod123

Maybe someone else might be able to answer this here but there might be an insurance issue with it. I would ring who ever you have insurance and ask them.

muffinman1982

Thank you so much for all your advice, I’ll have a good think about it

thesteve

Metric Tensor wrote: »

Will definitely reduce the price for ever more. No doubt about it.

I thought this would be the case too but remediated houses in areas where housing is in desire have been fetching the same price as houses that never had it (check out property price register for affected estates and nearby).

Metric Tensor

Fair enough. If that's how the market values them who am I to argue!

incentsitive

I couldn't see it having any effect on value. Once the remediation has been done, in your property and next door(s), it should have no impact.

If there is a huge amount of houses in the estate where nothing has been done, the overall aesthetics and structure of the estate will deteriorate over the years though and that could have a massive impact on the value of houses.

Find out if the whole estate has been done. I think there was some insurance company (not Homebond, I can't remember their name but something like Premier ringing a bell) who were covering the pyrite remediation. I am not 100% sure on that though so look carefully.

Misguided1

Hi

I had the pleasure of owning a property which developed pyrite problem. It was fully remediated - which entails removing the granular infill from beneath the floor. Although Pyrite is naturally in all infill - there were unfortunately very high levels of it from some quarries who should have known better. This led to some houses/apartments build between 2004 - 2008 experiencing problems.

Once it is removed and replaced - it's done. The work should be done via the Pyrite Remediation Scheme and is done to an excellent standard.

As Metric Tensor said - make sure it has a Certificate of Remediation. If not - I'd be dubious about whether the work has been done properly. If it has a cert then I'd be fairly sure the development/attached houses would also have been done.

Homebond 10 year structural guarantee wasn't worth the paper it was written on. The government intervened and put in place funds for the work to be done to affected properties. It doesn't cause an issue with insurance.

I sold my property at market value and above the asking price.