Might be a communual system
especially as the road is probably unadopted... ie the residents pay to maintain the roads/ verges/ greens / lighting etc rather than the council
double check if neither the solictor, vendor or estate agents mention it 
It is 
There is a management company for the close, fee paid once a year. That goes into as you say general maintenance, this tank is listed. It's underneath next doors back garden too, the too gardens back onto each other.
My solicitor brought it to my attention, tempted to ring Estate Agents tomorrow. The vendor is a switched on chap, he is a director of the "maintenance company" so he should know about it.
Why does that set alarm bells ringing. Whatever happened to building away from flood plains and having proper drainage pipe work? 
Lol everyone appears to have latched onto flooding

1) It's not a flood plain.
2) The area has never flooded.
3) It's an adopted road, it does not belong to council, so additional drainage was needed.
Also every member of the close, is a member of the management company. With several of them being directors, being retired I think he had the time