You can do a google search for the words power line health and get an endless number of sites for information. Out of curiosity I looked at several. All stated how the health question had been overblown. There are apparently no legitimate studies that have shown a direct link to power lines and health problems.
My only concern would be the land value. Both the visual aspects and the perceived health aspects would greatly diminish the future sale value. If you plan on living there for a very long time and don't mind looking at the wires, then go for it. If you plan on a relative short stay, I would not do it.

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