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How much so sell a deed of easement to Western Power
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Hello all, first post so be kind!
I moved to my new house a few months ago and there is a 30 ft electricity pole in my back garden. It didn't bother me at the time when I brought it, and it still doesn't if im honest. Its a lovely house in the middle of the countryside, I have three neighbours who all get their power and bt needs from this pole.
10 days ago a chap from Western power came to inspect the pole to make sure it was ok, and mentioned that we were due a wayleave payment for having the pole on our land. Next day I phoned Western Power who sent a chap out to talk to me, he gave me some options, take the wayleave payment which is about £30 per year or tell them I no longer want the pole in my garden and they are obliged to re-route it underground, gave me the name of someone else to contact for the fine details.
3 days later a lady came round and said I can have a 15 year wayleave for £500, they could re route the cables under the footpath at their cost, she even showed me a drawing where the cables would go, or I could sign a deed of easement which gives them rights for ever for access to the pole and it also goes on the deeds of my house. She said no such agreement stands on this pole currently. For the deed of easement she effectively asked my to name my price for how much I would be willing to be paid for it, ofcourse if its a stupid number they would just say, no we will put it underground.
So my question is this, what figure am I looking at to sell this deed of easement to Western Power.
I would guess to re-route the underground cables would be in the region of £30k and then they would have to gain permission from a farmer to dig up his land. Now the fact ive had 2 visits in under a week means that im holding all the cards here.
Thoughts please.
I moved to my new house a few months ago and there is a 30 ft electricity pole in my back garden. It didn't bother me at the time when I brought it, and it still doesn't if im honest. Its a lovely house in the middle of the countryside, I have three neighbours who all get their power and bt needs from this pole.
10 days ago a chap from Western power came to inspect the pole to make sure it was ok, and mentioned that we were due a wayleave payment for having the pole on our land. Next day I phoned Western Power who sent a chap out to talk to me, he gave me some options, take the wayleave payment which is about £30 per year or tell them I no longer want the pole in my garden and they are obliged to re-route it underground, gave me the name of someone else to contact for the fine details.
3 days later a lady came round and said I can have a 15 year wayleave for £500, they could re route the cables under the footpath at their cost, she even showed me a drawing where the cables would go, or I could sign a deed of easement which gives them rights for ever for access to the pole and it also goes on the deeds of my house. She said no such agreement stands on this pole currently. For the deed of easement she effectively asked my to name my price for how much I would be willing to be paid for it, ofcourse if its a stupid number they would just say, no we will put it underground.
So my question is this, what figure am I looking at to sell this deed of easement to Western Power.
I would guess to re-route the underground cables would be in the region of £30k and then they would have to gain permission from a farmer to dig up his land. Now the fact ive had 2 visits in under a week means that im holding all the cards here.
Thoughts please.
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Comments
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£30p.a. or a 15 year agreement for £500
Decisions decisions.
Perhaps more importantly, what did your conveyancer have to say about this before you entered into the purchase agreement? :eek:
Good luck!
Btw, how would your new neighbours feel, you know the 3 lovely ones, if they discover they are taken off grid because a newcommer no longer allowed electricity to be carried over their land??? :huh:0 -
Correct me if i'm wrong but i assume the supply will still be there for the neighbors. It will just be delivered under ground instead of via the pole.
The decision the OP is weighing up is the £30 p.a./£500 one time fee and keeping the rights to the land the pole is on vs the cost of selling the rights to the land the pole is on to the power company for £x thousand.
Edit - I looked a couple of articles on google and the amounts offered are all £3k to £5k. Nothing anywhere near £30k.
It also seems the amount offered is based on how much your property is worth. You'll be looking at 1-3% of the value of your property.
https://forums.moneysavingexpert.com/discussion/36935070
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