just tank it safer in the long run and maybe a bit cheaper , if not hack off to 200MM above dampest point and no less than 1200mm high and drill and inject with (dryzone or Sim) siliconate cream (double drill if double skin party wall) re-render same using a modified render IE 3:1:1 sand cement waterproofer and skim when set. But if it,s a party wall as you say then just tank it or you have to start looking at party wall agreemants etc etc