Thankfully the question is moot.
I viewed the house today and it is a dump. "Fixer upper" doesn't even come close really. More a demolishing and rebuild really (Not something I wish to get involved in for now). The proximity of a Travelers site is a minor issue by comparison.
Even the agent seemed nervous about it trying to emphasise that they are not trying to hide anything.
I have seen (Much) better houses in better neighborhoods that went for £30,000 less than the vendor is asking for.
Frankly, The correct response to the current "Offers over" asking price is to roll around on the floor laughing hysterically until the Men in white coats come to take me away (Even without having to consider the travelers for neighbors issue)
You really had to see it to believe it.
I took a GF with me and afterwards I suggested that perhaps I should show willing and make an offer at 2/3 asking price. But she pointed out that perhaps I shouldn't do this because I might just end up winning it and
then what would I do?
Actually, at that price it wouldn't be a bad deal and I would be able to deal with its issues. But the traveler camp issue is a major concern so I dont think I will be making an offer even at that price.
Its rather sad really because the current site residents (By all accounts) seem the decent sort (At the very least the "Pitches" dont have caravans on them. They have really rather nice "Mobile Homes")
The problem is you never know what is going to happen in the future especially if there is the possibility of the site being expanded. It is not a risk I would be willing to take.
Anyway, Thanks for comments.