Found my dream home, but...

puddy

but if its your dream house and the line doesnt bother you, then go for it but bear in mind that it limits your future buyers, when after many happy years there, you finally move on. if you can accept that compromise then i would go for it, but get a good price. are you going to let us see it on rightmove??

PasturesNew

I would say, if it IS a local line in Cornwall, it is literally a tiny branch line - just one set of rails. You see the train go down (at 20mph) and when you see one going the other way it's the same one.

With only 2-3 services/day (MAX!) and often only 2 carriages, it's not like "proper trains".

And it probably won't be like "proper trains" ever.

puddy

Lakey wrote: »

I always say,if you are questioning whether to buy the house, when you come to sell it, the majority of your market will have the same questions. This will limit your market and in this climate, which I suspect will continue for some time, and with much more savvy buyers, that can only be a bad thing.
I would say "if in doubt do nought"

I promise you, you will find the right property in the right location.

:T

i never know what to think about this theory. im still in my first bought property (which is now up for sale). obviously as a ftb back then, i knew nothing about buying flats, what to look for, etc, i first viewed the flat, HATED IT, cant express that enough,,,, then,,went back, went back again and then on the 4TH VIEWING, decided to make an offer!!!!! I dont know what posessed me to doubt it, its perfect, great views, quiet, large, accessable, the lot. If i could take the flat and move to where im moving to, I would. I think what put me off was the drabness inside and the fact that there was no kitchen and a grotty bathroom. Obviously i can see past that now but in hindsight, this is my perfect property, so if you see something that ticks all your boxes, then go for it. i only questioned it over things that now dont bother me, or werent important

benood

I'm surprised so many posters seem to have a downer on this - it's beyond the next lot of houses - can't be seen or heard - I wouldn't worry personally. If it means your dream house is affordable so much the better.

It may be an advantage in years to come particularly if you are closeish to a station.

Lakey

See the difference is whether we can change things about the property.
I know we never find a property that ticks all the boxes, but you should make sure the boxes that aren't ticked are the things you can change.

My house was a dump when I bought it, my old neighbour cried when she saw it. The house needed so much doing to it, but all I could see was the acre of land around me, the barn in the grounds ripe for conversion, and my kids climbing the trees until they were too big to bother.

I knew I could change so many things that had put the other buyers off, but railway line,dual carriageway, warehouses nono.

I do realise that I am very priviledged to live the country so ignore me if you need to.

:T

Kez100

The mainlines down here are so different from the branch lines. Spend a day watching (not Sunday!). May seem sad but it's not for the price you pay for a property.

3under3

My parent's house used to back right on to a mainline rail and tube line to london. The house was always valued at slightly less than those over the road who didn't back onto the tracks. I can honestly say that you just get used (and immune) to the noise. I remember once arriving at the tube station (approx 100 yards away) to get a tube and then finding out they were on strike - hadn't even noticed they'd stopped running. So I'd say go for your house. You may get a bit off when you are buying and will have to sell for a bit less in years to come.

Bungarm2001

chickmug wrote: »

As an EA I would warn you that when you come to sell you will cut the number of potential buyers down drastically. I see this time and time again when an otherwise excellent property has a significant drawback - whether railway line, near to main road, etc. To get a sale it will need pricing 10/12% less, than without that drawback, and even then could still be tough to sell.

Isn't this attitude the cause of most if not all the problems we have in the housing markets these days? Not just EA's but everyone seems to think this way now...'will we be able to sell' and 'how much will we make on it in the future' blah blah..whatever happened to looking at a property as a home??

Surely the only question everyone should ask themselves is 'am I looking for an investment or a home that I will love to live in for many years to come despite it's perceived drawbacks???'

m00m00

with reference to the comments about you having to sell it at a relatively lower price, this is true


but you should also be buying at relatively lower price.

Lakey

You are right about looking at a house as a home and not an investment. The only thing I have learnt from experience is that, if something happens in your life and you have to sell it is always best to be able to sell something a lot of people want.
If you are in a niche market, it will take longer to sell or you will have to take a hit. I know it means you will get it at a knockdown price now, but believe me, when you come to sell your buyers will be going for an even bigger discount than you had when you bought it. It's called sods law. :eek: