Quote:
Originally Posted by Tree*13
One of the local residents has just had there house valued, they live 2 minutes (walking distance!!) from where the proposed Tesco would be and they were told by the estate agent that there house value would drop by 25%! Who in there right mind would want to live next door to Tesco??
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Next door? Very few. That house will lose value and Tesco should buy it to add to the development to make it a more practical size - thereby moving the difficulty to the next house along!
Anyone living 2 minutes walk away is unlikely to see much difference. Anyone living more than 5 minutes walk away might see an increased valuation. We can't really tell as there are so many other factors. Could even depend on how fast you can walk! In 2 minutes most of us can walk about 150 yards.
I'd bet that once opened the store would be very popular - therein lies the problem. Purgatory for quite a small number living within 50-100 yards. Increased convenience for almost everyone else.