Property Impact - Windfarms and Property Prices
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Studies Property Values Community Impact Real Experiences
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The saying goes : There are 3 things you need to think about when buying a house - Location, Location, Location
It is not rocket science - if you had a choice, would you choose to live under a windfarm?
 
Studies and Research
The only report currently available in the UK is by the RICS - Read the RICS Report
This report does not analyse distance form the turbines in any detail
Obviously it must make a difference whether your house is 500 metres or 2 kilometres away
It is only relatively recently that the threat of windfarms so close to whole communities has arisen, therefore there is not much data avaialbale
If houses don't sell there is no house price data!
 
Property Values
See the Maps page to see how close you would be
Within 1k, there is a chance your house
becomes virtually unsaleable
There are many cases where people have abandoned their houses
House prices are already affected
A report suggested that house prices will fall (on average) by 30% a year for the first 2 years and then level off - That is cumulative
For example
 
a house worth £200,000
after 1 year would be worth £140,000
after 2 years would be worth £98,000
  and then the price would remain at roughly that level
It has been suggested that communities/residents with a vested financial interest in the wind farm do not object to living close by
Some communities receive annual payments from the operators eg £10,000 or £20,000 per year
Over 200 homes in and around our villages could be affected - these payments are negligible and do not compensate the home owners
Community Impact
How will a windfarm so close to villages impact the comnunity?
Will young families move into the village?
Will the school and preschool close?
How will the change in population affect local
businesses?
   
 
Real Experinces & Related Information
Quote by the Alliance & Leicester

"Peace and quiet is the single most important factor people have in mind when buying a home - with one in five prospective homebuyers rating it as the most important consideration when choosing where they will buy"

Alliance and Leicester Survey, 3/6/03
Fom Evidence to Select Committee

Our house is 930m from a wind farm and is downwind of the prevailing wind... became operational in summer 2006. ..By May 2007 we were forced to abandon our home...our house is now likely to have a value of just £35,000 - £50,000 and is no longer marketable for people to live in.
Extract from the Country Guardian web site

A study of its members’ opinions by the Royal Institution of Chartered Surveyors (RICS 2004) concluded that "60% of the sample suggested that wind farms decrease the value of residential properties where the development is within view...” and the report also concluded that “Once a wind farm is completed, the negative impact on property values continues but becomes less severe after two years or so after completion"
Legal Ruling in the Lake District

There has been a legal ruling against a couple in the Lake District who sold their house without telling the buyers that a wind farm was likely to be built nearby. The judge upheld the purchasers' claim for "material misrepresentation" and ordered the vendors to pay compensation of 20 % of the market value in 1997, £12,500, plus interest, because of damage to visual amenity, noise pollution and the "irritating flickering" caused by the sun going down behind the moving blades of the turbines 550 metres from the house.
A Welsh Experience

In May 2005, a local resident near Brechfa reported in the Carmarthen Journal that:

"Our property, in the middle of the proposed TAN8 site (Strategic Area G) had a firm offer of £318,000. One week later our prospective purchaser, who incidentally knew about the turbines and had no problem with them, said they would do us a favour and take it off our hands at a big financial risk - for a reduced £250,000 which was higher than the 40 per cent we could expect to get, being near turbines!"
Extract from the Country Guardian web site

With outrageous misrepresentation, the DTI Myths website dishonestly misquotes the RICS survey findings: - “A study by the Royal Institution of Chartered Surveyors suggests that wind farms have no lasting impact on UK house prices” and continues “It shows that local house prices recover from any initial impact once a wind farm has been operating for two years.” Compare that with the very different original versions above!
Worldwide Evidence

Evidence from Denmark, the USA and the UK indicates that houses in the vicinity of turbines lose 25 to 30% of their value. Houses close to a turbine could be unsalable.
Wales - Total loss for 8 properties in excess 0f £1.5 milion

In July 2005, a study was made of a sample of properties near a proposed wind farm at Esgairwen Fawr, near Lampeter, Ceredigion, by Gareth Scourfield. Eight properties were valued and estimates made of the loss due to nearby wind turbines. Total loss for the eight properties was in excess of £1.5 million, or typically 20 - 25% on each property
Property Value Loss Comensations - Denmark

There is a new law about compensation for lost property values caused by windmills. If a house is within 6 times the altitude of the tower - for example tower altitude 100 meter = 600 meter - you can have an evaluation made free of charge. If the house is further away you have to pay for an evaluation. The money will be returned if you get compensation. Owners of windmills have to pay the compensation.
Appleton Wiske sponsors NHWAG