I am about to exchange on a London property. The offer price of £339K was accepted a few months back and all the conveyancing and finance now complete. The property is unique being a detached 3-bed 2-story secluded cottage with 40ft driveway but just off a main road close to all amenities and only 15 minutes drive from central London. It needs seriously modernising and I will be spending around £70K to achieve this. 3-bed Victorian terraced houses with garden in the same postcode are on the market for close to £500K. The house is different to all the rest in the area (or the whole of London I think!) and what I propose to do with it will make even more-so a unique piece. So here is my dilemma.....it backs directly onto the side of an overland RAILWAY track. You can't see the track but you can hear and feel the trains go by. The house is right next to the track (not at the end of the garden). Sometimes these are heavy goods freight trains. The frequency of passenger trains is every 20 to 30 mins with frieght trains being random and frequency unknown. The current owners "claim" they do not run from 10:30pm until 6:00am and have never caused them any problem in the 18 years of living there. QUESTION. Can this have a severe impact on the sale of the property? I appreciate it may limit my market but will it affect the price? I would like to get over £500K. Any experienced advice appreciated. Thanks

Hi James, I had a property very near a rail line right next to the Station. The noise didn`t affect me when working there but I supposed not everybody`s cup of tea. When I came to sell I was VERY lucky to sell to a train-spotting family at an excellent price. When you come to sell may be you could advertise in one of the train-spotting magazines - you just might get lucky too.