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Property Values
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Financial Impact
Experience from elsewhere has shown that local residents can suffer a negative impact on property values of up to 20% from industrial wind power stations. In extreme cases, properties have become virtually unsaleable.
Though the impact is likely to be greatest on those properties close to the turbines and those that directly overlook the site, we believe that as many as 100 properties in the vicinity could be affected.
To understand the scale of the potential impact, SBWT has carried out a survey of 160 local residential properties within approximately 1.5 miles of the proposed site. Using a banding system (excluding land and commercial interests) and then using an average value within each band, SBWT has estimated that the total value of residential property within 1.5 miles of the site is £110 million.
Assuming there is a risk of between 10% - 20% impact on capital values this could equate to a total loss of £11m - £22m locally.
This loss is very similar to the net profit that the developers will make over the 25 year life of the proposed wind power station.
If the initial planning application (which may be for 3 to 6 turbines) is successful, there is a real risk of additional applications to extend the site and add more turbines. The impact locally of such an extension on property values in the immediate area and also the wider area could be devastating.
Evidence
Developers say that there is no evidence to show that property values are affected by industrial wind power stations. This is patently untrue. There is abundant evidence to prove that local residents will suffer a reduction in the value of their houses:
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Take a look at the video in which Jane and Julian Davis describe how the value of their property was affected by a nearby wind power station. They say that their house has become unsaleable. They say that it was worth £170,000 originally but is worth nothing now.
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Take a look at the Country Guardian page which discusses property values. See John Etherington's book, "The Wind Farm Scam" for an up to the minute version of this page.
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Take a look at the link on this page which shows letters from estate agents to people trying to sell properties blighted by wind power stations and associated planning applications click here.
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The Government acknowledges the damage to amenity and value by conceding that a Council Tax discount may be given for property affected by the proximity of an electricity-generating wind turbine (House of Commons proceedings, 13th May 2008). Since Council Tax bands are based on property values, this is a tacit admission that property values are decreased by proximity to wind turbines.
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Following a Royal Institute of Chartered Surveyors (RICS) survey in 2004, the ensuing report stated that up to 60% of their members who were valuing houses in the vicinity of wind farms, found a decrease in the next two years after the wind farm was built. The report went on to say that there was some evidence of price recovery, but the report did not say by how much.
Planning Law
Planning law does not allow a fall in property values caused by the construction of a wind power station to be used as grounds for objection to a planning application. Nevertheless, this is one of the greatest causes of concern to local residents.
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"A windfarm is not the answer"
Paul Kingsnorth,
The Guardian, 31st July, 2009
"Wind power is a complete disaster"
Michael Trebilcock,
National Post Canada,
April 8th, 2009
"Wind farms risk becoming 'redundant symbols' warns CPRE"
Louise Grey,
Environment Correspondent,
The Telegraph,
24th July, 2009
"How can wind turbines generate so much lunacy?"
Christopher Booker,
The Sunday Telegraph, 19th July, 2009
"When wind power blows, jobs will fall"
Dominic Lawson,
The Sunday Times,
19th July 2009
"Renewable Energy Strategy is Inconsistent and Implausible"
Dr John Constable, The Renewable Energy Foundation,15th July, 2009
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