Join Australia's most dynamic and respected property investment community

Too close to the motorway?

Discussion in 'General Property Chat' started by Deimonic, 20th Apr, 2016.

  1. Deimonic

    Deimonic New Member

    Joined:
    15th Feb, 2016
    Posts:
    4
    Location:
    Gold Coast
    Newbie question but I was wondering if being too close to the motorway has an impact on a properties value? If so how much less approximately?

    For example the house linked below is about 250-300m from the motorway and part of the house is in the transport noise corridor on the council maps. How much would approx would the house be worth where it currently is Vs if it were 500m-1km from the motorway?
    7 Fleet Street Eagleby Qld 4207 - House for Sale #122436150 - realestate.com.au
     
  2. Chilliblue

    Chilliblue Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,578
    Location:
    Australia
    For me it is similar to rail lines, air flight paths etc:

    - Can you see it
    - Can you hear it
    - Does it affect access to the property
    - What do the locals think
     
    wylie likes this.
  3. gach2

    gach2 Well-Known Member

    Joined:
    30th Jun, 2015
    Posts:
    212
    Location:
    sydney
    Go check the place for yourself

    On the other hand that location is not bad - could be on and off the freeway quiet quickly and from experience that seems to be most time spent on roads in brisbane (getting on and off the fwy)
     
  4. Deimonic

    Deimonic New Member

    Joined:
    15th Feb, 2016
    Posts:
    4
    Location:
    Gold Coast
    Thanks for the input. I'm not the best judge of noise as I'm partially deaf and can sleep through construction!

    When I visited the property I couldn't see the m1. Couldn't really hear it because the neighbors were loud though I could hear a distant siren. It doesn't affect access the property as far as I know.
     
  5. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    2,918
    Location:
    Brisbane
    That is not too close (for me) assuming a few things -

    . you cannot hear the motorway
    . you cannot see the motorway

    If you cannot judge that yourself due to your hearing issues, I would get someone with good hearing to go with you at different times of the day (peak hour for sure plus other times) and see.

    There are streets in Holland Park that I wouldn't touch because the hum from the freeway is ever present. Noise tends to rise, but noise can be affected by bouncing off other structures, barriers etc. You need to sit there and see for yourself.
     
  6. ellejay

    ellejay Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,087
    Location:
    Kimberley and NZ
    A tip I learned the hard way is, if you're viewing a place anywhere near a freeway, visit midweek rather than just the weekend. We viewed our home at the weekend, fell in love and bought it. Moved in and guess what, deafening freeway noise all night midweek. A mistake we'll only make once. It's a ppor though, for an ip location seems more important.
     
    Hanison and Ouga like this.