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