Property Prices
Although it not a planning consideration, having wind farms around the Bridgnorth area could have a heavily detrimental impact on the local property market. In July 2012 the Daily Mail reported that the Governments Valuation Office, which sets council tax bands for homes, “has been forced to re-band homes into lower council tax categories, confirming what most residents who live near the giant turbines already know: they are detrimental to property prices.” A case in Devon, quoted in the same article, showed a 25% reduction in house price for a property within 650m of a turbine.
The article goes on to state: “Recent council-tax rebandings by the Valulation Office are the first admission by an arms-length government body that house prices can be dented by wind farms. This is despite other studies pointing to their detrimental effects, including the Royal Institute of Chartered Surveyors who pointed out in a 2007 report that homes within one mile of wind farms would lose value.
One in five prospective buyers rate peace and quiet as their number one priority when looking at a house, according to an Alliance and Leicester survey. Val Weedon, the honorary president of the UK Noise Association, said wind farms would have an impact on people’s quality of life and therefore house prices. She said: ‘These re-valuations will set a precedent which the wind farm industry does not want. Wind farm noise is like road and airport noise, it has an impact on property prices... Noise is also associated with headaches and nausea as it is a form of stress, so it can also have a detrimental effect on your health.’”
See the article to read more: http://www.dailymail.co.uk/news/article-2177429/Wind-farms-DO-hit-house-prices-Government-agency-finally-admits-thousands-wiped-value-homes.html#ixzz2dvlGHNhG
We note that CRIDA have not offered blight compensation to residents!
