NSW Property with Water Tank Behind and Easements

Hi guys,
I am looking at a house to buy which is quite well built. At the back of property there is a huge Water Tank of Sydney Water and easements run from side yards of the house and the front yard. I don't intend to build anything as house is already quite large.

As I understand, easements do decrease the value. Is there a ballpark figure how much value decreases due to easements?

Apart from restrictions on building on easements, what are other factors are there to be aware of?

Thanks and regards

 

Check insurance coverage - if the tank bursts.

 

A burst water main could be interesting .

 

yep checked and its covered.

 

Pricing should be a discount to the price of similar but unaffected blocks would achieve. Work out land value of other blocks & the depreciated house value, then discount the land for the effects of the easements (inviolable area) & any issues caused by being located next to infrastructure.

 

Don't forget to add back the benefits of one less annoying neighbour.

 

This one comes and goes at all hours, leaves trucks idling for hours, uses large pumps, runs a few excavators around the site etc - possibly more painful than some other users.