Clear and irrefutable evidence which continues to grow, is now available to show that wind turbines have a negative effect on the value of your home.
– You have heard of the phrase: “Location, Location, Location” and such a phrase has significant importance on the value of a home – both in relation to its surrounding environment AND health impacts of any industrial sites located in the surrounding environment.
– A recent study by the London School of Economics – assessing over 1,000,000 homes located near windfarms, over a 12 year period, proved conclusively that prices were slashed by an average 11%. On a home valued at £250,000 that means a £27,500 devaluation. This study was done BEFORE the effects of LOW FREQUENCY SOUND (impact 10 miles) were considered. Bare in mind that the 11% decline value was an average decline and evidence shows that the closer your home is to a windfarm the lower the value of the home.
In some areas the property value decline ranges from 20% to 40%.
– While some homes may experience such a devaluation as noted, the closer you are to a windfarm, the less your property is worth. The extreme examples are of homes that simply DO NOT SELL if they are located very close to windfarm projects.
– For the residents of Glendaruel, Achnabreck, Colintraive, Tighnabruaich, Toward and Dunoon there is no doubt, when choice is available, informed buyers will simply not invest in homes near the windfarm. Many of our residents are younger people raising their families or pensioners, seeking a quiet rural lifestyle – their greatest asset is their home – yet they may never be able to realise its true value if they sell. As the more serious effects of Low Frequency Sound becomes better known – the more property prices are expected to decline.
– A recent U.K. Valuation Tribunal ruled in favour of a Lincolnshire resident who obtained a council tax reduction because her property value was diminished by a local windfarm. This was the first legal ruling clearly recognising the link between home devaluation and windfarms. There are now many instances of successful revaluations. This trend has started and will continue.
– Farm land and particularly those farms who rear livestock are also expected to see a decline in their value, as more evidence emerges of the effect of LOW FREQUENCY SOUND on the health of the livestock.