Storm water under house

Discussion in 'What to buy' started by azif, 21st Feb, 2020.

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  1. azif

    azif Member

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    Would you buy a house with a storm water easement directly under it as a PPOR?
    How much cheaper would it have to be?
     

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  2. neK

    neK Well-Known Member

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    Nope. Pipes on the boundary ok, but under the house is a deal breaker.
    I would accept a discount, but only if I have the ability to encase it or relocate around the boundary should i ever need to.
     
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  3. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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    It’s bad feng shui. Even if you’re not a believer / follower, it will without doubt, mean a smaller pool of buyers when it comes time to sell.
     
  4. Paul@PFI

    [email protected] Tax Accounting + SMSF Business Plus Member

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    We had a stormwater blowout around XMas / New Year on the front street near our home. No way would I want that under a house. Excavators had to dig a open cut mine to excavate the pipe (embedded in concrete) and replace it taking around 4 days 24/7. . It was a major job on a street taking out the footpath and full roadway.

    Isnt the general rule that if this occurs the house can be demo'd ? No compensation ?
     
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  5. Illusivedreams

    Illusivedreams Well-Known Member

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    Its a large easement.

    If allowed to build over usually requires to be encased.

    Devalues the property substantially. For me its always a walk away.