Hello,
I have recently made some enquiries about a rear green title land that i am interested in purchasing. I have found out there is an underground sewer easement running approximatley 2.0m deep running across the back and the right hand side boundaries ( 'L' shaped) right on the fenceline. I understand that no permanent structure is permitted to be built over the easement and hence i am thinking the area over the easements will primarily be grassed.
I plan to build on the block and initially renting out the property for a few years and then selling it to fund my PPOR. What i wanted to know is, if i was to sell the property in the future, would potential buyers be turned away from purchasing? Has anyone experienced similar circumstances and had trouble selling?
Your opinions would be greatly appreciated
ThanksEasements generally come in three common varieties: access, utilities, and water/sewerage.
In our experience, water/sewerage is the most common.The value of property that is subject to an easement may be affected by restrictions on the use of the land resulting from the easement. In some rare instances, it is possible to get an existing easement removed if its purpose is no longer required.
Potential buyers who conduct thorough due diligence on your property will quickly become aware of your easement. The good news is that as long as the easement is not an impediment on the future subdivision of the land, there is no reason for this to reduce the value of the property.
Consider the potential of the property from a developers perspective. Are the easements oriented to the north, therefore creating ideal opportunities to take advantage of excellent solar orientation. Can you run a driveway down the opposite boundary and still maintain an appropriately sized building enveloped that does not needlessly encroach on neighbouring properties.
Feel free to contact us for further information on your site specific issues.
All the best,
Breece Gevaux
as Breece notes, it is more about how the easement affects the development potential of the block – if it prevents a house/pool/garage etc then it is detrimental to your block.
Hi,
Wouldn't be too upset.
We bought our PPOR with a 2 mtr easement along the back fence – could'nt care less. We had to build the shed 2 mtrs from the fence, but other than the threat of 'if they ever have to get to the pipes (it is a Water pipes easement that runs along the fence of all the properties in our area of the street) they will cut through / dig up / trash anything you have over the easement, it is of no issues at all. Worst case scenario I would think minimal impact in your case – my opinion only of course.
Cheers
I have seen plenty of sites with easements but the impact does not need to be overly negative.
Industrial sites often have easements for power, drainage etc but used creatively, these areas can offset your soft landscaping requirements or provide hardstand or parking.
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