i have found a 2500m2 block for quit a good price, but it contains 2 easments around 20 m wide.
i was just wondering if this may cause problems in the future? (price, damage)any help would be great, thanks[cigar]
Type of easements?
there are two easments!
20 meters wide
one is a water drainage and the other is a sewer!
does this affect resale, there is heaps of room to actually build a house on! 900m2 to be exact plus the extra 1500 m2 that you cant build on.
Many properties have an easement over them.
As long as there is still sufficient room to construct a dwelling away from the easements then they should have no bearing over the resale.
Check who is responsible for the upkeep and maintainance if any.
This is of course on the assumption that the presence of the easements has little effect on the topography of the land.
I have seen some beauties with a water pipe above ground and running through the middle of the block then YES that would have an effect on the resale value.
Ask youself would you buy a house on a block that size with easements over it. If the answer is Yes then others will think like that.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.Richard Taylor | Australia's leading private lender
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