Buying land that has electrical substation or box

Hi All,
We have like a land that has electrical box in it. Wanted advice on whether there are any health risks.
Also does it affect the resale value. Is it ok to ask for more discount, if so how much?
We are the first home buyer
Thanks,

 

Where is the box? Are you sure it’s not on the footpath? How big is it? Can you post a photo?

 

Its an off the plan property in schofields and the box is in the corner inside the lot.

 

Not enough data on either side. I will avoid if possible.

It will largely depend on market conditions at the time you will sell. It's always going to be less desirable than a block without it - hard to say by how much.

 

You are clearly concerned about it.
As will be future buyers when you come to sell.

Best to avoid.
Marg

 

Depends if its one of the small green pillars or the larger substation ones...They can catch fire and are a hideous visual issue and must be kept visually cleared so no fence or gardens to hide it.. The small ones are less a concern.

But they can put them in some visually unimpressive locations


Better




Worse

 

What others have already said.

When you come to sell it, you will encounter the same issues with prospect buyers.

 

They just installed one of those big ones out the front of a corner house on my street it is visually horrendous. My worst nightmare receiving a letter in the mail saying you will getting one of these out the front

 

NBN boxes, Cmux Tesltra cabinets, electricity boxes, post boxes and delivery cabinets......Mobile towers.. All can be installed without any approvals or actual objection. You lucky to get a letter.

I'm told there is one thing worse. A street crossing with a hump. EVERY vehicle all day and night goes bump, bump or screeches tyres. Council lady once told a neighbour who wanted calming devices to not wish for something he doesnt understand. Apparently when they go in all neighbours who asked for it then object.

Hmmm...Maybe a water main across backyard in a new dev. Can be dug up more times than Ferdinand Marcos with no efforts to make a nice job of it. Also a easement affecting land. Usually on plans so it is known when buying unlike the cabinets.

 

Avoid. They are massive and unsightly.
Someone at the end of my road has one in his front yard. It hums! Loudly..

 

We’ve financed a couple of these, no real issues and valuers haven’t had a problem. Buyers may have issues, some don’t mind or care if they’re located well and hidden away.

 

First port of call will be Dial Before You Dig - to find out where the cables run. Just because the cables are unseen doesn't mean there are no effects.

 

Hi

Some people absolutely hate them (me included) and others do not care one bit about them. It does not affect your resale value if you are prepared to wait for the buyer that overlooks the power station and also loves your property but be aware you will receive lots of objections about it when potential buyers first notice it.

However should some evidence pop up in the future that proves they are an issue (not saying that they are) to peoples health it could then make a difference to your sale price.

And yes they do make a slight humming noise.

Regards,

alicudi

 

It's one of those things that probably will not affect resale in a booming market. In a recession though it will have a greater impact. I've seen a house sell well in the last twelve months with one that was fenced and hidden from the house but I would avoid it, or make a offer with a significant discount.

 

Hi @Deeps, good day. Just wondering if you went ahead to acquire the property, and if it did well for you.

I have a similar situation now in 2023.
Appreciate for any information. Kind Regards.

 

Its a encumbrance on the land in every instance. Best avoided. There are a% of people who wont like it and wont consider the property. A valuer is possibly better armed with data on the issue. I know land developers offer lots affected by such things for a discount (or look for mug who cant read a plan). Same with some lots and easemnets. Can affect land use for a pool as an example

 

Where you will mortgage the house for a loan, some lenders won't like this

 

I have an nbn box in front of a property of mine. Would easily knock a couple of hundred grand off the value. It's a shocker