Compensation for living near pylons

charlies_mum

We purchased a house 16 years ago which has pylons close by and power lines running overhead. At the weekend, we had a visit from someone asking if we would complete a questionnaire as there is investigation ongoing regarding the effects from the power lines.

they also told us that estate agents are devaluing properties close to pylons / powerlines, and that some householders have already been offered £500 compensation by power companies.

Has anyone been offered this, or know anything about this study ?

adr0ck

i don't know anything about the study

but i believe that all properties near powerlines / substations etc are generally worth a bit less than other properties as there would be less of a market (i wouldn't want to live near them...not with 2 little ones)...however there are loads of different reasons why properties are worth a bit more or less

adr0ck

http://www.newscientist.com/article.ns?id=dn7460

i don't know how true?????

Jorgan_2

Not aware of this study but properties close to pylons etc are generally worth less than similar houses away from pylons. Surveyors will usually add a comment about the location of pylons to the property may affect future re-sale.

funky-footprints

i dont know if the link posted by adr0ck is true either ,but i know of a stunning house up for sale in a neighbouring village that by looking in the estate agents window seems a real dream pad .... after 3 years on the market is hasnt sold because of the pylons in the neighbouring two fields. We know the estate agent and he has no hope for the place, despite dropping a considerable sum off the asking price. The owners are desperate to emigrate but cant afford to until the sale goes through.

Altarf

funky-footprints wrote:

i know of a stunning house up for sale in a neighbouring village that by looking in the estate agents window seems a real dream pad

I bet the estate agents photos don't show the pylons.

libitina_2

charlies_mum wrote:

We purchased a house 16 years ago which has pylons close by and power lines running overhead. At the weekend, we had a visit from someone asking if we would complete a questionnaire as there is investigation ongoing regarding the effects from the power lines.

they also told us that estate agents are devaluing properties close to pylons / powerlines, and that some householders have already been offered £500 compensation by power companies.

Has anyone been offered this, or know anything about this study ?

I'm assuming that the powerlines were there when you bought the property, and that your house is worth more than you paid for it despite these lines?

funky-footprints

Altarf wrote:

I bet the estate agents photos don't show the pylons.

no pylons in pictures, it honestly considering price appears to be a real bargain, and no mention of pylons in description either !

charlies_mum

Yes, we bought with the powerlines in place, and knew that the properties were worth less because of them. Our son was 12 when we moved in and he moved out about 6 years ago, so we don't have small children to worry about.

As the property is now worth at least double what we paid (even with the powerlines), I don't have a problem with the value.

I was just curious to know whether anyone in other areas had heard the same thing.