PLEASE READ BEFORE POSTING

Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that referencing house prices may be sometimes be pertinent to a user's specific MoneySaving situation, we ask that you please refrain from going off-topic into broad, general debates about the housing market, the economy and politics. Threads that are found to have derailed into wider discussions may be removed. Thank you for your understanding.

Buying a house next to a petrol station?

Hi,

I'm looking at buying a property which is right next door to a petrol station. Is there anything I should watch out for with such a property. What are the advantages and disadvantages?

And more importantly, should I ask for a bigger discount because of the petrol station next door?

Thanks
«13

Replies

  • Robin9Robin9 Forumite
    10.8K Posts
    Part of the Furniture 10,000 Posts Name Dropper
    Forumite
    The selling price of the house will already have taken its location into account.

    Advantages - not far to go for that pint of milk.
    Disadvantages - always busy
    Never pay on an estimated bill
  • ACGACG Forumite
    22.5K Posts
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Forumite
    Ask the lender to check the property before applying.
    You will find you struggle to get a mortgage with a few lenders most likely.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • agrinnallagrinnall
    23.3K Posts
    10,000 Posts Combo Breaker
    Forumite
    It's one of the locations that I would be very wary of, and I'd say the many disadvantages outweigh the few advantages: for instance, air pollution, possible ground pollution from spills, noise, potential for criminal activity, large vehicles at all hours, etc.
  • luvchocolateluvchocolate Forumite
    3K Posts
    Tenth Anniversary 1,000 Posts Name Dropper Home Insurance Hacker!
    Forumite
    I did wonder if building insurance may be higher.
  • Or perhaps if you take the long view, with electric cars etc it might not be a petrol station 10/20 years down the line!
  • davidmcndavidmcn Forumite
    23.6K Posts
    Part of the Furniture 10,000 Posts Name Dropper
    Forumite
    No particular advantages other than retailing convenience and it ought to be cheaper than equivalent properties elsewhere.

    Disadvantages:
    * a significant proportion of lenders and purchasers won't like it
    * any desktop environmental report will have a red flag because of the potential for contamination leaching through from next door
    I did wonder if building insurance may be higher.

    Can't think of any reason why it ought to be.
    Or perhaps if you take the long view, with electric cars etc it might not be a petrol station 10/20 years down the line!

    Huge numbers of petrol stations have shut down anyway because of competition, so also be aware of the high risk of the site being redeveloped - possibly to something more benign, but you'd at least have the hassle of a building site while they did it.
  • kerri_gtkerri_gt Forumite
    11K Posts
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    Forumite
    I did wonder if building insurance may be higher.
    davidmcn wrote: »

    Can't think of any reason why it ought to be.

    I would have thought being sited next door to a site with storage and active usage of highly flammable liquids may well be considered a higher risk for insurance companies and involve a higher premium?
    Feb 2015 NSD Challenge 8/12
    JAN NSD 11/16


  • MndMnd Forumite
    1.7K Posts
    1,000 Posts Fourth Anniversary Name Dropper
    Forumite
    At 6 o clock in the mornings when my wife says she hasn't got any petrol, I wish I lived next door to a petrol station:T
    No.79 save £12k in 2020. Total end May £11610
    Annual target £24000
  • davidmcndavidmcn Forumite
    23.6K Posts
    Part of the Furniture 10,000 Posts Name Dropper
    Forumite
    kerri_gt wrote: »
    I would have thought being sited next door to a site with storage and active usage of highly flammable liquids may well be considered a higher risk for insurance companies and involve a higher premium?
    Can you think of any incidents where that's happened? More likely to have a fire spread from an adjoining house.
  • giraffe69giraffe69 Forumite
    3.5K Posts
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Forumite
    I'd check the opening times. A 24 hour garage would be a lot worse than one open only during day and early evening.
This discussion has been closed.
Latest MSE News and Guides

Christmas lights running cost

We've crunched the numbers

MSE Guides

Advent Competitions

The countdown is on

MSE Forum

Baileys £10 for 1L at Tesco

When you scan your Clubcard

MSE Deals