Buying a house next to a petrol station?

mark1234567890

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

Robin9

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

ACG

Ask the lender to check the property before applying.
You will find you struggle to get a mortgage with a few lenders most likely.

agrinnall

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.

luvchocolate

I did wonder if building insurance may be higher.

Brock_and_Roll

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!

davidmcn

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

luvchocolate wrote: »

I did wonder if building insurance may be higher.

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

Brock_and_Roll wrote: »

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_gt

luvchocolate wrote: »

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?

Mnd

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

davidmcn

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.

giraffe69

I'd check the opening times. A 24 hour garage would be a lot worse than one open only during day and early evening.