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    • amylou1107
    • By amylou1107 11th Oct 16, 8:32 PM
    • 15Posts
    • 6Thanks
    amylou1107
    Down valued due to powerlines!
    • #1
    • 11th Oct 16, 8:32 PM
    Down valued due to powerlines! 11th Oct 16 at 8:32 PM
    Hi all,
    We've had an offer accepted on a house and the valuation has come back £20k less than our asking price offer of £320k.
    The reasoning the lender has given us is because the house is in close proximity to 'high voltage apparatus'. We were really surprised by this as the pilon is in a field over 750 feet away. There are no power lines anywhere near the house.

    Has anyone else had experience of this? What did you do?
    Personally the pilon doesn't bother us and we can't see if from the house or garden but equally I don't want to struggle to sell in future...
    Thanks!!
Page 1
    • glasgowdan
    • By glasgowdan 11th Oct 16, 9:32 PM
    • 1,463 Posts
    • 1,556 Thanks
    glasgowdan
    • #2
    • 11th Oct 16, 9:32 PM
    • #2
    • 11th Oct 16, 9:32 PM
    Make an offer halfway, 10k less.
    • Chanes
    • By Chanes 11th Oct 16, 10:00 PM
    • 604 Posts
    • 345 Thanks
    Chanes
    • #3
    • 11th Oct 16, 10:00 PM
    • #3
    • 11th Oct 16, 10:00 PM
    When we were looking for a house we saw one on a busy main road, it was set back from it by about 15 metres and the traffic really didn't trouble me. We had sold our house and I was really interested in it because it was really well presented.

    My estate agent explained that it would not appeal to many people because of that road and even though I didn't mind if I was to sell in the future I would have to find someone like me who would buy it. In other words, she told me the market I could sell to was reduced.

    And that's exactly the situation you have; I wouldn't buy that close to a Pylon but you would. And as such the price has to appeal as a temptation to the undecided I guess.
    • Bonfire Bride
    • By Bonfire Bride 11th Oct 16, 10:27 PM
    • 664 Posts
    • 817 Thanks
    Bonfire Bride
    • #4
    • 11th Oct 16, 10:27 PM
    • #4
    • 11th Oct 16, 10:27 PM
    We bought a house next to a quiet pub...have had only 1 issue in the 9 years we have been living here in that time which was resolved quickly. It took us 19 months to sell our house.

    When we were viewing, we saw a house that was facing a beautiful field of common land. However, approx. 800 feet away was a pylon...it was a 4 bed house, huge garden and the price was ridiculously low. It took them longer to sell their house than it did ours.

    I researched into it as the house was perfect and the cancer research website states that no significant correlation has been found between cancer and pylons BUT there are some research papers that suggest a higher rate of childhood cancers amongst those living near Pylons. My husband thinks it is rubbish but if any of my children were to become poorly, I would always wonder whether it was linked to a property that we bought...not a nice thought.

    It definitely will affect the ease of resale.

    We thought we would never sell ours, but we have a FTB who has fallen in love with it.
    Mummy to 2 little boys born in 2013 & 2015
    House on the market for 19 months ....SOLD! ...complete!
    Natalie
    • Chanes
    • By Chanes 11th Oct 16, 10:49 PM
    • 604 Posts
    • 345 Thanks
    Chanes
    • #5
    • 11th Oct 16, 10:49 PM
    • #5
    • 11th Oct 16, 10:49 PM
    We bought a house next to a quiet pub...have had only 1 issue in the 9 years we have been living here in that time which was resolved quickly. It took us 19 months to sell our house.

    When we were viewing, we saw a house that was facing a beautiful field of common land. However, approx. 800 feet away was a pylon...it was a 4 bed house, huge garden and the price was ridiculously low. It took them longer to sell their house than it did ours.

    I researched into it as the house was perfect and the cancer research website states that no significant correlation has been found between cancer and pylons BUT there are some research papers that suggest a higher rate of childhood cancers amongst those living near Pylons. My husband thinks it is rubbish but if any of my children were to become poorly, I would always wonder whether it was linked to a property that we bought...not a nice thought.

    It definitely will affect the ease of resale.

    We thought we would never sell ours, but we have a FTB who has fallen in love with it.
    Originally posted by Bonfire Bride
    It's the chance you take by hoping someone like you will come along and buy it. We didn't buy the one one the main road after considering it had been on the market for over a year. We bought one on a quiet estate that sell quickly, so much so we offered asking price on first viewing!
    • Davesnave
    • By Davesnave 11th Oct 16, 11:22 PM
    • 20,821 Posts
    • 83,719 Thanks
    Davesnave
    • #6
    • 11th Oct 16, 11:22 PM
    • #6
    • 11th Oct 16, 11:22 PM
    I'll admit that I've rejected property viewed on Rightmove because of 144kv pylons at that sort of distance, mainly on the basis of their ugliness rather than any health concerns. Some people look out for them by default.

    It's just one of many factors that may affect a property's conversion ratio of internet hits to viewings. The fact that the pylon can't be seen from this property is only partially relevant, since a potential viewer will not discover that if they've already rejected it.

    I agree with glasgowdan that one way forward would be to ask the vendor to share the down vauation 50:50 with you. This is what often happens in these circumstances, regardless of the reason for the shortfall.
    'Only the mediocre are always at their best.' Jean Giraudoux
    • stator
    • By stator 12th Oct 16, 1:08 AM
    • 5,050 Posts
    • 3,211 Thanks
    stator
    • #7
    • 12th Oct 16, 1:08 AM
    • #7
    • 12th Oct 16, 1:08 AM
    I'm more concerned about the radiowaves Sky TV are beaming into all our heads through their high power directive satellites. Will pay extra for a house hidden behind a hill and no view of 13° East
    Changing the world, one sarcastic comment at a time.
    • Boler1985
    • By Boler1985 12th Oct 16, 1:19 AM
    • 83 Posts
    • 41 Thanks
    Boler1985
    • #8
    • 12th Oct 16, 1:19 AM
    • #8
    • 12th Oct 16, 1:19 AM
    the cancer research website states that no significant correlation has been found between cancer and pylons BUT there are some research papers that suggest a higher rate of childhood cancers amongst those living near Pylons.
    Originally posted by Bonfire Bride
    Really? Can you give us references?

    As a chartered electrical engineer I would seriously dispute that there was ANY material correlation between cancer and pylons.

    High-voltage electrical systems are over a century old. If there were any 'significant' health risks we would know them by now.

    This is more to do with aesthetic issues.
    • Davesnave
    • By Davesnave 12th Oct 16, 2:41 AM
    • 20,821 Posts
    • 83,719 Thanks
    Davesnave
    • #9
    • 12th Oct 16, 2:41 AM
    • #9
    • 12th Oct 16, 2:41 AM
    As a chartered electrical engineer I would seriously dispute that there was ANY material correlation between cancer and pylons.

    High-voltage electrical systems are over a century old. If there were any 'significant' health risks we would know them by now.
    Originally posted by Boler1985
    You can dispute it all you like, but you'll not convince everyone.

    The doubters buy houses.

    In a limited sense, they're right, having picked-up on the way scientific thought has changed radically over the centuries.

    You are working from what you know, but a true scientist always leaves a door open somewhere for that which is not yet known.

    So, "We would know it by now," just doesn't cut it with a doubter.

    ( I'm playing devil's advocate here. I have no concerns myself. )
    'Only the mediocre are always at their best.' Jean Giraudoux
    • glasgowdan
    • By glasgowdan 12th Oct 16, 6:52 AM
    • 1,463 Posts
    • 1,556 Thanks
    glasgowdan
    Agree, there's lots we don't know about yet that people 50years from now will find appalling!
    • amylou1107
    • By amylou1107 19th Oct 16, 3:05 PM
    • 15 Posts
    • 6 Thanks
    amylou1107
    Just an update.
    We got a second valuation done on the property and the lender came back saying it was worth what we offered (£322k) and they have approved our mortgage.
    No mention of powerlines at all!!
    Surprising how two lenders can vary so much!

    Thanks all for your advice on this.
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