From: J Parker
OK all-here's a scenario for you:
I agree to buy a house, only to find out pre-exchange that the land behind and beside the place is to be used for a fast food outlet (we're talking a big company here- no. 2 to Maccas!) In fact, the entrance will be right next door!
Should I still buy, but negotiate for a (much) lower price, considering that the rental return is still great (hey, employees could rent my place and skip to work!) or should I forget it altogether?
Does anyone own houses next door to these type of places, that they purchased prior to them being constructed? If so, have you found your property has devalued as a result? Be very interested to hear of people's experiences here...
Cheers, Jacque
OK all-here's a scenario for you:
I agree to buy a house, only to find out pre-exchange that the land behind and beside the place is to be used for a fast food outlet (we're talking a big company here- no. 2 to Maccas!) In fact, the entrance will be right next door!
Should I still buy, but negotiate for a (much) lower price, considering that the rental return is still great (hey, employees could rent my place and skip to work!) or should I forget it altogether?
Does anyone own houses next door to these type of places, that they purchased prior to them being constructed? If so, have you found your property has devalued as a result? Be very interested to hear of people's experiences here...
Cheers, Jacque
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