A house near railway track

Asas

I don't know how to link the house here. It's on rightmove.

It's 4 bed mid terraced town house in waterside development, Oxford with a guide price of £950,000. It is in the catchment area for both a very good primary and outstanding secondary school.

What I am concerned about is the proximity to the railway track. The line is expanding to be used between oxford and Bicester line to London. So much more frequent passenger trains and freight trains than now. The work has already started.

It is a good area with good schools however I am worried that in future the resale value may drop due to the increasing noise? The price of houses in oxford is really high. It will be my family home but also a kind of investment. I just want to hear your thoughts. Am I crazy to buy £950,000 house near the railway?

Thanks in advance.

makeyourdaddyproud

Where we live (Margate), there was a house on the market for 3 years whilst every other house has sold. I would be very careful buying.


Also, there may be special covenants attached to the land that will allow works to be carried out that couldn't be done simply on the railway line zone itself.


Noise: Your market for potential sellers would be vastly reduced due to this issue. Why put yourself out for the property if there are others without it?


Dan

Dhrucku

Yes you are crazy.

Say it to yourself, 950k for a house near a railway.

Thank me later.

Angie_B

How close to the railway is it? Different people have different perceptions of noise; however it is probably safe to say you would reduce future re-sale opportunities.

How does the house compare to others of the same price not near to a railway? Is it a vastly better house for the money because of its location?

jamei305

I think railways matter a lot less than busy roads. People find the noise less disturbing (it's less frequent, more predictable and easier to filter out). Also no fumes or getting run over.

marksoton

Personally it wouldn't be the railway putting me off. It'd be Oxford.

Each to their own but i can't stand the place. And for close on a million.. no chance in hell whatever it was near, especially mid-terrace.

callistris

OP is this the property?

http://www.rightmove.co.uk/property-for-sale/property-35165586.html

ethank

I think you need to look at the facts, rather than opinion!

Is this the house in Plater Drive, Oxford? Link on Rightmove is http://www.rightmove.co.uk/property-for-sale/property-35165586.html

Judging by the sales - This is a really popular development in catchment for an Outstanding Primary School. Homes do not come up for sale here that often.

The EastWest rail line will have two trains per hour running on it when it opens in 2019!

Trains only ceased running between Oxford and Bicester last year - in order that they can reconnect the line between Bicester, Aylesbury and Bletchley. I think the residents who live there are all used to the train line.

goodwithsaving

Nice house. Quite pricey but that's Oxford.
Why not do what I did? Knock on a couple of doors and meet some neighbours. Then you can suss them out and also get more information on the area. We bought and have a train line not quite at the bottom of the garden, but near enough for a good view. I find it useful as I can tell when the trains are running! It's quite a nice sound (to me)

martin.cat

The railway maybe a better neighbour than you think
Noise yes but less than a busy road
I note there is a school nearby and some could equally be put of by that
From the map there is a railway access to the north Off Aristotle lane and there seems to be a cut through From plater drive. You may wish to confirm the vehicle access to the railway as obviously they can have large plant delivered and at all times of the day and night. However there could well be restrictions to the access. One concern is that the railway land next to the track is of the size that they could set up a temporary depot for any project work there.
One thing to bear in mind is that heavy maintenance is likely to be undertaken at night but usually infrequently.
You could possibly make a freedom of information request to Network Rail to confirm their access use and maintenance strategy so you can be better informed

Asas

Thanks a lot for replies.

Yes. That's the house. Houses like that come on the market very rarely. Last year only three four beds were available. It's popular with young families due to good schools and a playing field and port meadow.

My only concern is railway. Future resale value. It's a hard decision.