Property near power station

Ive had this question for a while now. Does the value of a property actually get affected by power lines / power station nearby ? Are people less likely to buy this type of property ?

 

VS a non affected property? Yes.
Note, when a valuer comes to assess the value for mortgage purposes the details are disclosed on the report via a risk rating system which may impact your borrowing capacity. There are other factors at play that affect lending but environmental factors such as above do.

 

How close? Some lenders have a problem with high tension power lines within 50m.

 

Yes, there's a stigma attached.
As with many lower socio-economic area's
Or it could be like living in Lucas Heights, everyone knows what's there.......

 

Defintely an issue, if at least only perceived, about properties within 50m or so of high tension powerlines. The price is almost always less and agents have to work harder to sell them, but there's always a buyer. The same applies to mobile phone towers.

I guess for some people, every house will affected when 5G is completely rolled out....

- Andrew

 

Some substations are well disguised these days to avoid the impact

Castle Hill Sydney is nestled among low rise apartments and t/houses with a transformers inside (but a open roof)

 

Street address please Paul?

 

Cnr Cheriton and Showground
Here is the top view.

The fake balcony's makes it fit in.

 

Jesus christ.. that is extremely deceptive..
I drive past this place to get to the Bunnings and never thought it was a substation..
Thanks for sharing the info, appreciate it!

 

I grew up in a school that had a massive transmission tower going though it.
I’m not sure if the science but cancer seems to be quite prevalent with my class mates. From what I have read there is Nothing proven to say that powerlines can increase your chances of cancer. But I guess some people may think it does.

I guess this type of speculation could hurt future capital growth

 

It's not a stigma, high voltage power lines generate ozone from corona discharge.

Corona discharge - Wikipedia

In the air, coronas generate gases such as ozone (O3) and nitric oxide (NO), and in turn, nitrogen dioxide (NO2), and thus nitric acid (HNO3) if water vapor is present. These gases are corrosive and can degrade and embrittle nearby materials, and are also toxic to humans and the environment.