Japanese knotweed troubles once again hit the headlines this week as shocking news surfaced about the extent of effects JKW can have on house prices.
According to some experts, the average drop in house value is a startling 10% – all the more reason to nip your problem in the bud if you suspect knotweed is lurking on your property.
Frightful Statistics
Property comparison site, Zoopla, notes that the average price of a property in Wales was approximately £180k. For the average home, that equates to a troubling £18k lost simply through the mere presence of Japanese knotweed.
Flawed Science
Back in May, The Telegraph reported that that the House of Commons Science and Technology Committee viewed the banks’ stance on JKW as an “overly cautious” approach to the issue.
According to the article, the committee noted that the structural impact of Japanese knotweed “might not be as significant as previously believed.''
Nevertheless, the banks and mortgage lenders continue to hold firm in their steadfast approach to the pricing of Japanese knotweed properties.
The Smart Choice
While the impact on price will naturally vary from one property to the next, the 10% figure is a good rule of thumb for anyone looking to buy or sell a property with Japanese knotweed present on site.
If you’re looking to sell your property, it can be far more financially beneficial to treat the problem before you sell, particularly if the fee equates to less than 10% of your property value.
Japanese Knotweed Removal
If you’re looking to stop your Japanese knotweed issue dead in its tracks, here are Taylor Weed Control, we can help send your sinister squatters back from whence they came.
Our team of experts have over 15 years’ experience in weed removal and have dealt with countless cases of knotweed first-hand, up-close and personal.
As Wales’ foremost Japanese knotweed specialists, we take great pride in making homes knotweed-free, with a variety of proven techniques and methods to do just that.
Protect your home and your property value by treating your Japanese knotweed issue today before it gets out of hand. The alternative could prove costly!
For more information on Japanese knotweed treatment from Taylor Weed Control, why not drop us a line today? Call now on 029 2039 7554 or get in touch online using the button below.
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