We all know you need to be careful buying property near a train / rail line.
I looked at a house the other week, it was nice, below market $ but over the back fence 3m from the house was a busy suburban train line !! (No freight, but still high frequency electric trains!!)
Obviously this is not good for re-sale or capital gains,etc. Cross that one of the list for sure!!!
Previously I lived 340m from a train line, I couldn't ever really hear it (only when the wind was blowing a certain way) and it never bothered me.
Now Im looking at a property where a dual train line is about to be built 240m away from it, yeah its got a good 4 blocks away from the station, but will that degrade the value of it, or be a disturbance? How close is too close? It will be about 1.2km from the actual station which is good/bad - good because you can't hear the train brakes or horn but also downside is less convenient further distance to get to station.
Just wondering what everyones thought's are!
I looked at a house the other week, it was nice, below market $ but over the back fence 3m from the house was a busy suburban train line !! (No freight, but still high frequency electric trains!!)
Obviously this is not good for re-sale or capital gains,etc. Cross that one of the list for sure!!!
Previously I lived 340m from a train line, I couldn't ever really hear it (only when the wind was blowing a certain way) and it never bothered me.
Now Im looking at a property where a dual train line is about to be built 240m away from it, yeah its got a good 4 blocks away from the station, but will that degrade the value of it, or be a disturbance? How close is too close? It will be about 1.2km from the actual station which is good/bad - good because you can't hear the train brakes or horn but also downside is less convenient further distance to get to station.
Just wondering what everyones thought's are!