Pros & Cons of buying a property with substation

Discussion in 'Introductions' started by Aegon.T, 3rd Dec, 2019.

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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!
     
    Aegon.T, 3rd Dec, 2019
    #1
  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.
     
    spludgey, 3rd Dec, 2019
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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?
     
    Scott No Mates, 3rd Dec, 2019
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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:

    Aegon.T, 3rd Dec, 2019
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  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
    datto, 3rd Dec, 2019
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  6. Aegon.T

    Aegon.T New Member

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    Haha, good one
     
    Aegon.T, 3rd Dec, 2019
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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
     
    bmc, 3rd Dec, 2019
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  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
     
    bmc, 3rd Dec, 2019
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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 :)
     
    Beano, 5th Dec, 2019
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