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Buying an apartment that had pyrite issues

  • 16-11-2019 2:57pm
    #1
    Alchemist1985
    Registered Users Posts: 1 ✭


    I recently viewed a really nice third floor apartment in Temple Court, Northwood, Santry. I have been told that the block had pyrite issues but had remedial works done on the ground floor and has qualified certificates to this effect. I am strongly considering an offer as it’s a nice area and the apartment is in good order.

    Does anybody have any experience of these type of situations in the area or elsewhere or know how effective such remediation work is ?
    Tagged:


Comments

  • #2
    Gumbo
    Moderators, Society & Culture Moderators Posts: 38,354 Mod ✭✭✭✭Gumbo


    Once they get the green cert (I think that’s what it’s called) then they technically are fine. Pyrite occurred in the sub floor granular fill despite many people believing it was foundations etc that were damaged.

    It’s relatively simple Fix if caught early.
    How’s the price?
    Is there many interested in it?

    Basically, the day you buy is the day you sell so you have to work out if you think you’ll have issues selling in the future.

    Personally speaking I think it’s ok once the works were carried out and certificate offered. It’s better than buying within a block that may have it and just not discovered yet!


  • #3
    Bob24
    Registered Users Posts: 10,905 ✭✭✭✭Bob24


    Not a deal breaker but an additional risk.

    You can make offers and go sale agreed if you really think it is a good deal. But before you sign contracts make sure you have a good surveyor both inspect the premises and carefully review all the history/paperwork related to the situation to have and idea of what was found and what has been done/certified. And if there is any refusal or unreasonable delay when you / your solicitor / your surveyor request additional information/paperwork related to this, just walk away - no deal can be good enough to justify a lack of clarity on this type of issue.


  • #4
    elizunia87
    Registered Users Posts: 125 ✭✭elizunia87


    First you should check with the Bank if they will give you the mortgage if you need one. When we were watching houses in balbriggan, I have been told that the bank will never realise the money for the house with pyrite. We did not buy there, too big risk.


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