Selling House Near Electrical Substation
If you’re looking to sell a freehold or leasehold house and it is located near an electrical substation, you might find it’s harder to attract a quick and fair offer from a buyer.
Your top questions when selling a house near an electrical substation
✅ Why are some houses built close to an electrical substation?
Across the UK, electrical substations are an essential part of the power grid, and they are used to convert high voltage electricity from power stations into something that residential properties and other buildings can use. Because they play such a central role in the power grid, there are many houses, flats and other properties that are located close to these facilities.
✅ Does living near an electrical substation make it harder to sell a property?
It can complicate the sale of a leasehold or freehold house for a number of reasons, starting with the fact that some prospective buyers might not want to own a property where they can see a large electrical substation from inside their home. Other reasons why someone may dislike your property include concerns about electromagnetic and noise pollution from the substation.
✅ Are there any advantages of selling a home near an electrical substation?
Yes, properties that are constructed close to an electrical substation are generally considered to have a much more reliable power supply than homes located further away. Similarly, a house that is located near to an electrical substation could also have lower power bills than a property elsewhere, because it has a more efficient connection to the electric grid.
✅ Can I mitigate an electrical substation's impact on the sale of my property?
There are some steps that you could consider to reduce the impact of an electrical substation on your home. For example, planting tall trees and bushes can help with blocking out the view of the facility from your property. And if the substation generates a lot of noise, installing soundproofing at your home could be one way to address this issue before selling.
✅ How much will I pay in fees when selling my home near an electrical substation?
If you sell your property through an estate agent or an auctioneer, you will have to pay them commission for the work that they doing in finding a buyer, and this will be subtracted from your eventual property sale proceeds. But if you sell to a zero-fee quick home buying company or you sell without any third party help, then you will not have to pay any commission.
✅ What is the fastest method for selling a property close to an electrical substation?
The speediest way that you sell almost any type of home is by contacting LDN Properties or another quick buyer, because they should be able to complete the entire process of purchasing your house, including exchanging contracts and paying you the proceeds, in a few short weeks. By contrast, it can take many months to sell via an estate agent, auctioneer or on your own.
✅ What assurances do I have that I can trust a quick property buying company?
You should ask individual quick home buyers if they are registered with a third party entity known as The Property Ombudsman (TPO). This organisation writes rules, which all TPO members like LDN Properties must follow, that guard homeowners against scams in the quick buying industry, which should give you extra peace of mind when selling your house.
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