This recent data article scares us deeply.
If considering such a purchase then we please ask you to talk to your professional team, Insurers, Insurance brokers, Lawyers (who specialise in this) Council officers.
Our big concern here is insurance premiums will become unaffordable, or worse Insurers will decline to insure.
Unless buyers know about major flooding earth works or other improvement insights THAT could mitigate the risk.
Then we believe this is a very fast way to loose value, equity. Not to mention the mental stress.
We believe this is not a safe contrarian (Going against the market) play.