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Buying a house with oil central heating
Comments
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This statement was pushing things before the oil price fell. With oil now so cheap this is a rather silly statement.captainhindsight wrote: »If you need a new heating system, you won't be looking at oil you will be looking at biomass or heat pumps by far the cheapest off grid solutions.0 -
Silent_Dancer wrote: »This statement was pushing things before the oil price fell. With oil now so cheap this is a rather silly statement.
It's not a silly statement at all, your statement might be.... How long do you think oil is going to stay at this price. Especially typical life span for an oil boiler and biomass boiler are 20 years.
Oil is easily one of the most expensive off grid solutions, and saying other wise because of a temporary reduction in oil prices is a very silly statement."talk sense to a fool and he calls you foolish" - Euripides0 -
I actually worked out the figures between oil and biomass as I was considering it but the big thing that put me off biomass was the size and cost of the boiler system in comparison to my current oil set up. There is if oil is at .55p a litre and pellets at 250 a ton, .15p difference that's all. Pellet prices are not stable either so they can go up and down.0
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Manichouse wrote: »I actually worked out the figures between oil and biomass
Could you possibly share those figures (briefly)?0 -
Manichouse wrote: »I actually worked out the figures between oil and biomass as I was considering it but the big thing that put me off biomass was the size and cost of the boiler system in comparison to my current oil set up. There is if oil is at .55p a litre and pellets at 250 a ton, .15p difference that's all. Pellet prices are not stable either so they can go up and down.
The benefit with pellet prices is that local manufacturers are appearing everywhere now creating more and more competition with tree surgeons, wood yards etc etc all starting to make pellets this is driving the price down and is likely to keep it down as most of the pellets are waste Virgin wood from other purposes"talk sense to a fool and he calls you foolish" - Euripides0 -
1. Oil fluctuates way more than gas (which is why I always laugh when a few percent change in the price of gas is the lead story on the 10pm news). At the moment it's cheaper, but it's been a long time since that was true.
2. I moved from a house using oil to one on the gas main. After 14 years of oil, being on the gas main was an absolute requirement for me, so it will put some potential buyers off.
3. Can't imagine the surveyor saying anything more than they recommend the use of a specialist to check.
4. These days you're probably looking at something plastic and bunded and likely won't get much change out of £1,000 (I looked into it before I move as my tank was steel and rusting)Proud member of the wokerati, though I don't eat tofu.Home is where my books are.Solar PV 5.2kWp system, SE facing, >1% shading, installed March 2019.Mortgage free July 20230 -
2. Does having oil central heating effect property prices or the time it takes to sell? The reason I ask is that a few properties in this village have been on the market for a while and I was wondered if oil heating put people off or is it the fact the properties all need 'some work' / updating.
Two very similar houses, one on mains gas and the other not, would be a no-brainer.
But the reality of buying country property isn't like that.
In a rural area, houses on mains gas will have that particular advantage, but those that aren't won't be heavily disadvantaged. It's 'normal.'
By the time other differences are factored-in, the effect is reduced. For example, village properties often aren't on mains drainage either, or might have a shared, private water supply. The village itself may have no bus service, or even a negative reputation....and so on.
This is before property position, aspect & condition is considered.
Too many variables!0 -
I rent a rural property, it has no gas, no mains drainage and a shared water supply.
My heating and hot water are provided by an oil fired condensing boiler, my sewage is provided through a septic tank. I don't find running the oil boiler that expensive to be honest, and not having a sewer connection means much cheaper water bills. I guess this is all part of country living, and I love it. No gas is the norm here, so it has no affect on local property values.0
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