Does local infrastructure affect property values?
Yes absolutely. Changes to local infrastructure can affect property values both positive and negatively.
As an example, the planned high-speed railway (HS2) will mean those backing directly on to the new line may find their property values decrease from the extra noise created. Those living far enough away not to be inconvenienced by the line, but close enough to be able to easily use it, may find their property values rise as their house because more attractive to commuters.
Local amenities also play a role. A lot will depend on your target buyer but how close you are to a shop or local transport like a bus stop or train station can also have an impact on the value of your home especially if your property is likely to attract people without their own transport.
In addition, local schools or universities etc also are important especially if you are selling or buying a property that’s likely to appeal to families. The performance of local schools/universities will have a bearing on how much a house sells for.
Mau Investments – Property Solutions made easy
One must also consider the flood risk and as values could decrease in areas hit by flooding events. However research suggests properties hit by flooding only suffer from a temporary reduction in value. Usually, they have returned to their original value after just three years.
If you are thinking of selling, then it’s important to know what is happening in your local area to take advantage of any new developments that could affect the value of your property.
Yes absolutely. Changes to local infrastructure can affect property values both positive and negatively.
As an example, the planned high-speed railway (HS2) will mean those backing directly on to the new line may find their property values decrease from the extra noise created. Those living far enough away not to be inconvenienced by the line, but close enough to be able to easily use it, may find their property values rise as their house because more attractive to commuters.
Local amenities also play a role. A lot will depend on your target buyer but how close you are to a shop or local transport like a bus stop or train station can also have an impact on the value of your home especially if your property is likely to attract people without their own transport.
In addition, local schools or universities etc also are important especially if you are selling or buying a property that’s likely to appeal to families. The performance of local schools/universities will have a bearing on how much a house sells for.
Mau Investments – Property Solutions made easy
One must also consider the flood risk and as values could decrease in areas hit by flooding events. However research suggests properties hit by flooding only suffer from a temporary reduction in value. Usually, they have returned to their original value after just three years.
If you are thinking of selling, then it’s important to know what is happening in your local area to take advantage of any new developments that could affect the value of your property.
Posted: Wed 13 Dec 2023