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Impact of a nursing home across the street

Discussion in 'Where to Buy' started by FirstTimeBuyer, 4th Sep, 2015.

  1. FirstTimeBuyer

    FirstTimeBuyer Well-Known Member

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    There's a property I'm looking at in a good location at a good price but has a nursing home across the street and so I'm wondering whether that would negatively/positively affect the IP. I'd imagine that they would be quiet and unthreatening but on the flip side there might be increased traffic, less street parking.

    Should I be worried about this or would it not be an issue to CG and rentability?
     
  2. Leo2413

    Leo2413 Well-Known Member Premium Member

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    If the deal is good as you have said in terms of price and location, all things being equal, I don't see it as a massive negative really.

    Could be a positive. Family who put relatives in the nursing home who live nearby don't have to travel far. :D
     
    Last edited: 4th Sep, 2015
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  3. D.T.

    D.T. Adelaide Property Manager Business Member

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    Lots of little old ladies? :p:cool:
     
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  4. Leo2413

    Leo2413 Well-Known Member Premium Member

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    My favourite :oops:
     
  5. Scott No Mates

    Scott No Mates Well-Known Member

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    I hear they can be quite noisy with the coming and going of funeral directors, ambos, doctors, visitors, staff, garbage trucks, food delivery, laundry services etc.

    Main concerns are adequacy of parking, expansion plans (they may own the rest of the street and awaiting a DA to extend).
     
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  6. Scott No Mates

    Scott No Mates Well-Known Member

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    lol - that's my abreviation
     
  7. AndrewTDP

    AndrewTDP Urban Planning Consultant Business Member

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    I really don't think most tenants would actually care too much.

    Every property has one flaw or another. If you spend all your time agonising over a minor conflicting land use or other matter then you will probably miss a number of great opportunities. No property is ever 100% perfect.

    If it was a large steel processing facility you would have a legitimate concern. But a nursing home should be fine.
     
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  8. chylld

    chylld Well-Known Member

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    Unless it's a nursing home full of little old ladies processing steel
     
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  9. FirstTimeBuyer

    FirstTimeBuyer Well-Known Member

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    Didn't think about all the ancillary services that would need to support a nursing home. Thanks
     
  10. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    I personally wouldn't be too concerned - unless it was a huge complex with lots of traffic.

    It could also present an opportunity - you could look into renting it out on a short term basis to friends/family visiting the home from interstate. I don't know if there's a market for that type of thing - but you could ask the management at the home.

    Banks wouldn't be too keen on my idea though - they probably wouldn't take the rental income into account until you can provide two years of tax returns (more an issue for later on if/when you purchase again - not an immediate issue).

    Cheers

    Jamie
     
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  11. AndrewTDP

    AndrewTDP Urban Planning Consultant Business Member

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    On the flipside no noisy late night parties.
     
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  12. Scott No Mates

    Scott No Mates Well-Known Member

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    Old folk can get pretty raucous - they crank up the music to hear the vibrations ;)
     
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  13. WattleIdo

    WattleIdo renovating Premium Member

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    I lived across the road from a nursing home a few years ago. For a while there was a screamer but once he/she left, it was completely fine. o_O Beats a block of units.
    Was put off buying a house next to a nursing home last year because of the noisy air conditioning. Across the road should be OK though.
     
  14. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    That sounds a bit wrong....
    Getting visions on granny pr0n:eek:
     
  15. S1mon

    S1mon Well-Known Member

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    i live across the road from one....no issues at all, no impact on value.. less likely to get break ins imo as always people around. just have to keep in mind they are not very good drivers :/

    they have a fair once a year and do an ok sausage sizzle
     
  16. datto

    datto Well-Known Member

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    Just check there's no old fart bogans living there. They still think they're 18 years old and can start a fight on the drop of a beanie.
     
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  17. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    I live next door to one and have another across the road. The one next door is the high dependancy type place and the other is an over 55s with a small amount of high dependancy.

    The one next door gets an ambulance quite regularly but other than that no issues. The one across the road has less emergencies but more mobile residents and they all have those scooter things and try and run me over on the footpath!

    But basically, they are ideal neighbours.
     
  18. Chilliblue

    Chilliblue Well-Known Member

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    Is it is visually appealing and there are no problems with parking or future development I would have no issues with it it.