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??
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.