Commercial Energy & Infrastructure Reports
The development of alternative energy sources such as wind farms and shale gas, as well as major infrastructure projects to consider like HS2 and Crossrail may all be intended for the benefit of local communities as well as the nation, but they can also have a negative impact on the local amenity and property values.
WIND FARMS NEAR TO A PROPERTY COULD MATERIALLY AFFECT ITS CAPITAL VALUE.
COMMERCIAL ENERGY & INFRASTRUCTURE REPORTS
Energy & Infrastructure data is included in our Future Climate
Info Premium environmental report for commercial properties.
The same Energy & Infrastructure information is also analysed
in stand-alone commercial reports.
RECOMMENDED RETAIL PRICES
Recommended retail prices (excluding VAT) for our commercial reports are as follows:
All Future Climate Info residential reports are produced and returned electronically within minutes.
PROFESSIONAL OPINION ON ENERY & INFRASTRUCTURE
Every Future Climate Info report that includes Energy & Infrastructure
data contains a Professional Opinion on the impact on property value (if any) relating to Energy & Infrastructure information from
Wilbourn & Co. Ltd Chartered Environmental Surveyors.
WHY CHECKING ENERGY AND INFRASTRUCTURE RISK IS IMPORTANT
Wind Farms near to a property could materially affect its capital value. Aside from the visual impact other concerns exist such as wind turbulence, low frequency “pulsing” sounds from the blades, high pitched sounds from the hub, and continual flickering shadows in strong sunlight.
In 2008 a council tax appeal ruled that the occupants of a farm and a house in Lincolnshire should get a discount on their council tax as a result of a wind farm. In May 2006, a wind farm at Vine House Farm, comprising eight turbines 100 metres tall, was built around 930 metres away. The resident’s quiet enjoyment of their property was so disturbed that they were forced to vacate their house, for health reasons. In 2004, a resident sought damages from the previous owners of his house, who had not made him aware of the proposed wind farm when he was in the process of buying the property. The District Judge ultimately determined that the property value had fallen by 20% due to the wind farm.
These examples demonstrate that there can be a material impact on quiet enjoyment, values and health where an energy facility or major infrastructure is constructed nearby. In the case of an existing wind farm this might be readily visible and taken account of in the property valuation, but the homebuyer may not be aware of all of the impacts of living next to it.
To find out about wind farms and other major infrastructure activity such a fracking for shale gas or HS2, simply obtain a Future Climate Info Premium report or stand-alone Energy & Infrastructure report.