Published On: Tue, May 23rd, 2023
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‘I bought new-build flat for £850k – now it’s worthless and needs to be demolished’ | UK | News

A newly-purchased £850,000 fault-ridden flat in London has completely derailed the course of a man’s life, he said. Due to the ongoing legal battle concerning his home in Camden, north London, Daniel Bruce said that the matter takes up so much of his time that he is unable to work. The residents of the area are burdened with bills amounting to hundreds of thousands of pounds as a result of the horror situation.

After purchasing the £850,000 flat in the popular area of Camden in 2019, Daniel revealed that his life has been ruined due to the property’s significant flaws.

The recently constructed residential block has been deemed unsuitable for living by surveyors, leaving leaseholders facing huge bills.

Residents of 53 Agar Grove in Camden have reportedly spent substantial sums on legal fees while battling insurance companies and developers.

Issues with the building’s foundation, including wall cracks and decaying timber frames, have raised serious structural concerns.

The 38-year-old man said that these past few years have “altered the complete trajectory of my life”.

Mr Bruce told the BBC: “My future has been stolen from me, my money’s been stolen from me, my mental health has been stolen from me.

“It was going to be my sanctuary and it’s turned out to be the complete opposite of that.

“I am unable to work because all my time is occupied by dealing with the building. I hope this isn’t the case, but I feel like my life is ruined.”

The Department for Levelling Up, Housing and Communities issued a letter to Acasta European Insurance Company Ltd, expressing its strong disapproval of their conduct and considered their behaviour unacceptable.

A Government spokesperson said: “The situation faced by the innocent residents of Agar Grove is deplorable, and we are applying pressure to those involved to reach a just resolution.”

In a statement, Prime Metro Properties clarified that they were not responsible for the construction of 53 Agar Grove.

They explained that they had hired a third-party company, Cite Construction Ltd, to carry out the construction work, but it was executed in a manner that did not meet the expected standards.

An independent survey conducted on the property recommended considering demolition followed by a rebuild.

A spokesperson for the developer said: “Cite Construction has been advised of all the problems within the building as they have materialised but have failed to engage in any way.

“Salus (Building Control & Fire Safety Consultants) Ltd, the government approved and delegated building control inspectors, signed off Cites works and we relied on their certificate that the construction by Cite was satisfactory before we even marketed the property and took over on completion.

“This project was undertaken as a long-term commercial investment in the utmost good faith and consequently we retained three of the seven flats and the freehold.

“We are intent on getting a timescale and commitment from Acasta to get the necessary structural works undertaken which will then allow us to address the remaining issues.”

Acasta European Insurance Company Ltd said: “Acasta is fully engaged with and is discussing concerns raised regarding the property with all interested parties.

“We take these concerns very seriously and are committed to fulfilling any obligations under the relevant insurance policies.”

A Camden Council spokesperson vowed to support the leaseholders and said it was “urgently exploring what enforcement options are available to us.”

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