Buying house with a restrictive covenant to maintain retaining wall next to train tracks

ManxManc_1

https://forums.moneysavingexpert.com/discussion/6651436/buying-house-with-a-restrictive-covenant-to-maintain-retaining-wall-next-to-train-tracks

Not sure of this will help you decide but I will give you an insight into what I know.

Iv lived in a rented house for 10 years leasehold tenure. built 3 meters from brick to boundary fence.

One of the UKs busiest railway tracks and it is one of Europe's biggest freight lines.

Check your deeds for boundary walls and fences... restrictions and easements and wayleave agreements for utilities.

I cannot have fibre broadband due to easements and wayleaves. No digging permitted on the land my house is built on or Directly adjacent. no building due to underground track cables. Check for devaluation due to noise and vibration and damage to property. Some insurance and mortgage providers are skeptical due to the risk... check if it is subject to asset protection.. all depends on how close it is to track.

I am extremely close to an overhead line also.

I love living here. Railway does not bother me. House does vibrate due to speeds of trains.

Do u know which railway network it is owned by???

As you will only own the lease to the property you will not be able to make any alterations to your garden or home without consent. You will more than likely pay more and have nothing to show for it.

Depending on how close you are to track will depend on who is responsible for maintaining. It will need a specialist survey done not just your normal survey... if you did your homework on the property and land and it is affected it can devalue a property up to 30%. But like I said it all depends on how close you are.

I was a conveyancing secretary for 9 years so do have land law knowledge not in this field though I have done my own research and found many interesting things came up. Any questions id be happy to try help with what I know. Last week I had NR in my garden assessing my boundary fence and they said im more than likely going to get new fencing.

youth_leader

I don't think I would buy near a live line again. When we bought our listed grade II railways station in 1999 it had a ramshackle wooden fence separating us from the live East Coast Main Line. I contacted Network Rail and explained we had tiny children, they came and replaced all of the fencing with green metal fence panels.

It seems now the cheeky chippy chappy who bought the station from me for peanuts when I was widowed is telling everyone Network Rail want £30K to stop the trains for the period it will take to put the scaffolding up at the back.