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Buying a flat opposite a school AND near an electricity sub-station
Comments
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I missed this underlying contradiction, "planning to have kids soon", and "moving into a studio flat not really suitable for families". Is this a wind up ?0
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AnotherJoe wrote: »I missed this underlying contradiction, "planning to have kids soon", and "moving into a studio flat not really suitable for families". Is this a wind up ?
Ha, no. Currently single but hoping that I will meet someone soon and have kids within 2-3 years. And as a single person all I can afford is a studio. It's in a good location though and I thought I could just rent it out in the future.0 -
needhouseadvice wrote: »Ha, no. Currently single but hoping that I will meet someone soon and have kids within 2-3 years. And as a single person all I can afford is a studio. It's in a good location though and I thought I could just rent it out in the future.
Words fail me.....But then i'm not in fairy land....0 -
needhouseadvice wrote: »Ha, no. Currently single but hoping that I will meet someone soon and have kids within 2-3 years. And as a single person all I can afford is a studio. It's in a good location though and I thought I could just rent it out in the future.
Wow.
More to the point financially, what would the difference between mortgage and your rental be if you bought this?
As for renting it out in the future, words nearly fail me. I'm guessing you haven't actually looked into the costs risks and responsibilities of being a landlord at all and just think the money flows in?0 -
The general advice is to never buy a studio, not even in London. Better to save until you can afford something with a bedroom.
The sub-station issue is rather like Japanese Knotweed or overhead cables. They both may be manageable, both may not cause any issues if managed, but both will put off future buyers, therefore making your property less valuable.
It's a no from me.0 -
You'll be fine regarding the sub-station as long as you wear an aluminum foil hat all the time:0
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needhouseadvice wrote: »Had just about talked myself into the school being OK but now reading the Homebuyer Survey there's an electricity sub-station near the property. Didn't really twig when I went to see the flat as it's bricked up and quite small but my bedroom would be overlooking it (and the school playground) as it's just a few metres away.
I'm slightly concerned about the health issues as I would like to have kids soon but also that the combination of the two would affect resale value. I'm so annoyed as there's nothing to buy in London at the moment and this would actually be a cheap purchase!
Would you steer clear? Or is it not that big a deal?
How close is the substation?Proud to have lost over 3 stone (45 pounds,) in the past year! :j Now a size 14!
You're not singing anymore........ You're not singing any-more!
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The general advice is to never buy a studio, not even in London. Better to save until you can afford something with a bedroom.
The sub-station issue is rather like Japanese Knotweed or overhead cables. They both may be manageable, both may not cause any issues if managed, but both will put off future buyers, therefore making your property less valuable.
It's a no from me.
Yeah, had doubts about buying a studio too but it's in a great location near my friends.0 -
needhouseadvice wrote: »Actually just spoke to the surveyor. It's about 10m away around the back of the flat and not outside my bedroom window as I originally thought - is that a safe enough distance?
10 centimetres would be a safe enough distance. Its not dangerous as long as you arent living in it.
The electrical field from a light bulb 2 feet above your head (or a phone 1 millimetre from your skull) would be stronger than that from a substation 10 metres away. This is why the people who believe this stuff are away with the fairies.0
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