[JonF]

We recently had our house valued by a well known and respected estate agent. As a result of just the proposal to build a local wind farm the house has lost value to the tune of £50,000. A friend who lives closer to the proposed development has had a massive £150,000 axed from her property value.

These are not hypothetical numbers, they are the real figures that real estate agents have put on real properties. Given that it is in the estate agents interest to maximise the selling price we feel that their figures are a clear and reliable indication of how wind farms reduce property values.

If you or anyone you know has had a similar valuation completed could you let us know in this thread, by e-mail or PM.

JonF.

[windfarmviews]

JonF, on 28 January 2010 - 10:31 AM, said:

We recently had our house valued by a well known and respected estate agent. As a result of just the proposal to build a local wind farm the house has lost value to the tune of £50,000. A friend who lives closer to the proposed development has had a massive £150,000 axed from her property value.

These are not hypothetical numbers, they are the real figures that real estate agents have put on real properties. Given that it is in the estate agents interest to maximise the selling price we feel that their figures are a clear and reliable indication of how wind farms reduce property values.

If you or anyone you know has had a similar valuation completed could you let us know in this thread, by e-mail or PM.

JonF.

We also had a valuation recently, & we have been valued at £100 000 lower than a year ago. This situation must be putting some people into a situation of having massive negative equity.
Windfarmviews

[FRAWT]

An application for turbines is imminent here. This is a letter from an estate agent to a local trying to sell there house!
Dear xxxx

I write to confirm that the offer which had been accepted on xxxxx has fallen through. The purchasers have withdrawn from the sale because they had concerns about the proposals for the wind farm and although the recent planning application for a test mast was rejected, the fact that Broadview Energy are going to appeal has caused them sufficient concern not to wish to proceed.

I spoke to Jeff Corrigan at Broadview Energy who confirmed that they are submitting the appeal for a test mast and continue to investigate the site with a view to submitting a full application. Broadview Energy were not sympathetic to the loss of your sale and would not consider any element of financial support for houses affected by the proposal.

It is clear from the attitude of your prospective purchasers that the possibility of a wind farm at close proximity to properties is affecting their marketability and value.


Knight Frank LLP

[ekky]

FRAWT, on 20 February 2010 - 12:07 PM, said:

An application for turbines is imminent here. This is a letter from an estate agent to a local trying to sell there house!
Dear xxxx

I write to confirm that the offer which had been accepted on xxxxx has fallen through. The purchasers have withdrawn from the sale because they had concerns about the proposals for the wind farm and although the recent planning application for a test mast was rejected, the fact that Broadview Energy are going to appeal has caused them sufficient concern not to wish to proceed.

I spoke to Jeff Corrigan at Broadview Energy who confirmed that they are submitting the appeal for a test mast and continue to investigate the site with a view to submitting a full application. Broadview Energy were not sympathetic to the loss of your sale and would not consider any element of financial support for houses affected by the proposal.

It is clear from the attitude of your prospective purchasers that the possibility of a wind farm at close proximity to properties is affecting their marketability and value.


Knight Frank LLP

[ekky]

VVASP has just had an adjudication upheld against them and one of the reasons was for citing that wind farms can devalue houses by up to 54%. I for one am annoyed that ASA and other pro wind farm organisations are now saying that there is NO devaluation. It is fact that there is devaluation. albeit no one wants to admit to it on an offical level who are trying to meet targets. The property I was financially committed to buying half of was de-valued by 30% by a local Pershore estate agent. He did much research before coming to this figure, it was used to accurately predict the stamp duty we would have to pay. This devaluation is purely for the possibility of a wind farm, the application has not even been placed yet.

I cannot believe that the full 30% will be re-couped if the wind turbines go up, they are to be 125metres high and one of them will be just over 600 metres from our property. We are looking into the legal side of this, because if its value does not go back up, then someone is liable for the loss of house value! along with any medical issues that may arise from being so close to an object that will have moving parts on it.

We all want renewable energy to help with conserving what we have. But surely this needs to be done in a fair and correct manner.

Ekky

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