IMHO trains are not a real turnoff outside of the metropolitan areas. What would you prefer, 12 trains per day or 1200 trucks down the main road out the front. As long as there are, or you can plant, some shrubbery at the back to eventually provide some shielding, the back fence is secure and there are not 12 trains per night as well, it shouldn’t be a problem rental wise or capital gains wise.
[|)]
New time investor who has spotted a neat/tidy, bricks & mortar home, opposite parkland, street appeal also clean & tiday. All homes are of bricks&mortar. Location, Mornington Peninsula.
Combination of permanents and tenants in the street. Downside is the country diesel train, operates approx 12 times day, located at the back of the street. Question: am I taking a huge risk, should I continue to look elsewhere?

[/quote]