I well remember many years ago when I was looking to buy a house in Kent after being moved down there by the company I was working with at the time. We found one place that looked great and the price was a snip. Fortunately the vendors were honest when we asked them - works on the M20 motorway were just about to start and guess which garden was to have a grandstand view?

Location, and potential problems with location, are normally the most pressing reasons for a property dropping in value, but the internal structure or external condition of a house are also vitally important.

Some properties can be in excellent condition, but simply go out of fashion. Classic example here would be the 1930's flat-roof style that you really do have to be a devoted fan to appreciate. Others are fashionable at the time and gain a huge price premium that rapidly disappears when commonsense prevails once again. Did I hear someone say 'barn conversions'?

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