Pros & Cons of buying a property with substation

Discussion in 'Introductions' started by Aegon.T, 3rd Dec, 2019 at 8:22 PM.

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  1. Aegon.T

    Aegon.T New Member

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    Hi there,

    I am new to the property market and looking for your guidance on a property with electrical padmount substation at the back of the property. Can you please lend your thoughts and guide me on this matter?
    Thanka in advance!
     
  2. spludgey

    spludgey Well-Known Member

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    Lower purchase price, lower resale value.
    Less people interested in buying and might be hard to move in a slow market.
    Reduced development potential.
    Rent will be reduced, but likely less than the purchase price, so it will actually have a higher yield.
    So not necessarily good or bad, but depends what you're after.
     
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  3. Scott No Mates

    Scott No Mates Well-Known Member

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    Where's the easement for underground power? This will restrict where you can build.

    Is it on the block you're considering?

    Did you notice the humm or crackle?
     
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  4. Aegon.T

    Aegon.T New Member

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    Hi there!
    Thanks for your response. Yes it is on the block that I am considering. Also, didn't notice any crackling.

    I have attached the file if that makes it easier for you to guide me?
     

    Attached Files:

  5. datto

    datto Well-Known Member

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    Great for backyard cricket as you can paint the stumps on the padmount. And by bowling a wet tennis ball you have irrefutable evidence whether someone has been bowled. Less arguments for the the kids. Downside is no wicket keeper.
     
    Last edited: 3rd Dec, 2019 at 9:14 PM
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  6. Aegon.T

    Aegon.T New Member

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    Haha, good one
     
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  7. bmc

    bmc Well-Known Member

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    Leg slip can always stand on top though to catch those wayward hits
     
  8. bmc

    bmc Well-Known Member

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    @Aegon.T the easement takes a fair chunk of the yard. there will be restrictions like minimum distances for pools, types of fences, trees etc adjacent to the easement.
    i would keep looking
     
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  9. Beano

    Beano Well-Known Member

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    If you are thinking of running a lot of heavy power hungry machinery it will handy to have the substation close by :)