How Labour’s Energy Blitz Could Knock £63,000 off Your Home
New research has identified the serious risks posed to property values by Ed Miliband’s proposal for the widespread installation of energy infrastructure across the U.K. The Telegraphhas the details.
Power lines and pylons can reduce the value of nearby homes by an average of £12,000, according to research from the London School of Economics (LSE). …
As well as accounting for traditional electricity infrastructure, the LSE study suggests a similar financial impact from homes located near wind turbines and solar farms.
Based on an average loss of value of 3.9%, a £1 million home would be worth around £40,000 less if power lines were built nearby.
When applied to the average U.K. house price of £300,000, the same calculation leads to a £12,000 drop in value.
However, for others the loss would be far greater – as the 3.9% average only applies to homes located within 1,500 metres of pylons or power lines.
That could rise to a 21% reduction if a property is within 250 metres, implying a £63,000 drop in value for an average £300,000 home.
To carry out the study, LSE professor Steve Gibbons and former PhD student Cheng Keat Tang researched the change in sale value of 38,000 homes in England and Wales located near pylons or power lines.
They said: “Our findings suggest that the construction of new overhead pylons reduces prices by 3.9% for properties up to 1500 metres away, suggesting the impacts extend further than previously estimated.
“The results suggest that the impacts of these infrastructures are more widespread than previously estimated, collectively causing a loss in home values of around £19 billion.”
The top comment after the article sums the matter up quite well:
by Rob Helliwell.
“With Ed in charge, it’s like being trapped in a car travelling at 120mph with a drunk, blind driver.Someone needs to rapidly deploy a stinger to this whole nonsense”.
”The results of the LSE analysis will raise concerns for Ed Miliband “
No they won’t, he doesn’t care about any concerns. He just doesn’t care. He’ll blindly steamroller over any objections regardless of who they harm, we don’t count.
Isn’t that speculation in the T article? A degree of scepticism is appropriate there – anyway, brand new pylons don’t all look like that now – e.g. these have sprouted up in Somerset for the new Hinkley Point C project: https://www.nationalgrid.com/national-grid-energise-worlds-first-t-pylons
…new pylons don’t all look like that now – e.g. these have sprouted up in Somerset… Oh thank goodness. That’s so much better! /sarc If the push to eliminate gas and petrol/diesel consumption and replace it with electricity continues, all the energy that oil and gas used to provide will need to be generated and distributed via the electricity grid (minus whatever efficiency savings may become cost-effective as electricity prices soar). Recently the UK has been consuming around 2,000 TWh of energy per year of which only about 250 TWh was electricity from the grid. Fundamentally to distribute 2,000 TWh of energy per year the capacity of the grid must be increased by a factor of 8. This is required no matter what the source of the electricity is if it is to replace gas and petrol/diesel consumption. For example: my house has an old-style 63A main breaker, we have two petrol cars and we use gas central heating (backed up by a log burner – ‘cos it’s nice). If we wish to ‘upgrade’ to an electric heat pump and electric cars the main incoming electricity bearer will need to be replaced and the domestic fuse/breaker board replaced. If everyone… Read more »
Appreciated your post.
Any professional electrical engineer could have advised comrade Ed of the ludicrous nature of his proposals and the obvious need to do a thorough forensic impact assessment on the current infrastructure before doing anything. Common sense in a real world environment. But then………
Yes, all carefully designed by ‘experts’. We had the threat of T-pylons marching around the countryside to serve the Bird-chopper Empire off the Cumbrian coast a few years back. It emerged that these newfangled Magnificent Machines have the same fundamental in-built problem as that other contemporary electrical fantasy invention – the Electrical Vehicles.. The fundamental practical matter of having to service the damned things! At a local public meeting, a local power line service engineer with years of experience working on the soon-to-be out-dated lattice design pylons, took one look at the new absurdities and shook his head in disbelief. He put his finger straight onto an elementary and absurdly simple practical problem – servicing them is an entirely different kettle of fish compared with servicing the existing old-fashioned designs when things go wrong. “We can climb the old design pylons in any weather,” he said, “but we can’t climb these damned things!” Indeed. When we have an all-too-common power line outage here in the wilds of the Lake District, in the middle of a freezing winter and a howling gale, it’s still possible to climb the existing pylons and get the problem fixed. To do the same on the… Read more »
Indeed.
And no comments about wind turbines, as yet.
I used at one time work in an office on a business park with two modest ( by modern standards) wind turbines, about 500m distant.
Much of the time, like all wind turbines, their primary function was virtue signalling and subsidy farming.
But when they were working, the working environment in the office became intolerable. Both the noise and, when the sun was low, the shadow effect were like the old Chinese water-torture. As soon as it started, I remembered some urgent task “on site” that I had to attend to.
I would certainly not buy a property anywhere within sight of a wind farm.
Has no one told Miliband about the conclusive scientific evidence that electromagnetic emissions are a health hazard generally and also that some people suffer badly who are particularly sensitive to them.
The entire energy strategy of the UK is a greenwash clutter of impracticality, impossibility, ideology and all at astronomical cost. Added to the eco socialism of our pretend to save the planet governments, we also now have the rabid Marxism of Miliband added into the mix, and once our energy bills have skyrocketed and our properties have been devalued, along will come the commie Labour Government to seize half the profit from the sale of our houses, especially all those pensioners sitting in “million quid properties”
RTSC
1 year ago
Did they give a 4X about the value of properties blighted by the HS2 rail line?
No.
Will Ed Minibrain give a 4X about the value of properties blighted by massive pylons?
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The top comment after the article sums the matter up quite well:
by Rob Helliwell.
“With Ed in charge, it’s like being trapped in a car travelling at 120mph with a drunk, blind driver.Someone needs to rapidly deploy a stinger to this whole nonsense”.
”The results of the LSE analysis will raise concerns for Ed Miliband “
No they won’t, he doesn’t care about any concerns. He just doesn’t care. He’ll blindly steamroller over any objections regardless of who they harm, we don’t count.
Great minds 😌
“The results of the LSE analysis will raise concerns for Ed Miliband…”
Oh no they won’t.
And this statement will provoke nothing but sheer glee…
“causing a loss in home values of around £19 billion.”
Remember the deleted Tweet by Tobias Ellwood….The days of low tax and high growth are over. Why the delete Tobias Mr 77 Brigade?
You really think they care about the value of people’s homes?
Isn’t that speculation in the T article? A degree of scepticism is appropriate there – anyway, brand new pylons don’t all look like that now – e.g. these have sprouted up in Somerset for the new Hinkley Point C project: https://www.nationalgrid.com/national-grid-energise-worlds-first-t-pylons
…new pylons don’t all look like that now – e.g. these have sprouted up in Somerset… Oh thank goodness. That’s so much better! /sarc If the push to eliminate gas and petrol/diesel consumption and replace it with electricity continues, all the energy that oil and gas used to provide will need to be generated and distributed via the electricity grid (minus whatever efficiency savings may become cost-effective as electricity prices soar). Recently the UK has been consuming around 2,000 TWh of energy per year of which only about 250 TWh was electricity from the grid. Fundamentally to distribute 2,000 TWh of energy per year the capacity of the grid must be increased by a factor of 8. This is required no matter what the source of the electricity is if it is to replace gas and petrol/diesel consumption. For example: my house has an old-style 63A main breaker, we have two petrol cars and we use gas central heating (backed up by a log burner – ‘cos it’s nice). If we wish to ‘upgrade’ to an electric heat pump and electric cars the main incoming electricity bearer will need to be replaced and the domestic fuse/breaker board replaced. If everyone… Read more »
Don’t be sorry – the point needed making.
Appreciated your post.
Any professional electrical engineer could have advised comrade Ed of the ludicrous nature of his proposals and the obvious need to do a thorough forensic impact assessment on the current infrastructure before doing anything. Common sense in a real world environment. But then………
For Ed, contemplating basic common sense is a worse experience than eating a bacon sandwich.
OK, well when the time comes, I will ask for the pylons due for my area to be moved to yours.
🙂
But that means your electricity will be going to @JohnK too.
Maybe I won’t get any anyway – I don’t have a “smart” meter!
Yes, all carefully designed by ‘experts’. We had the threat of T-pylons marching around the countryside to serve the Bird-chopper Empire off the Cumbrian coast a few years back. It emerged that these newfangled Magnificent Machines have the same fundamental in-built problem as that other contemporary electrical fantasy invention – the Electrical Vehicles.. The fundamental practical matter of having to service the damned things! At a local public meeting, a local power line service engineer with years of experience working on the soon-to-be out-dated lattice design pylons, took one look at the new absurdities and shook his head in disbelief. He put his finger straight onto an elementary and absurdly simple practical problem – servicing them is an entirely different kettle of fish compared with servicing the existing old-fashioned designs when things go wrong. “We can climb the old design pylons in any weather,” he said, “but we can’t climb these damned things!” Indeed. When we have an all-too-common power line outage here in the wilds of the Lake District, in the middle of a freezing winter and a howling gale, it’s still possible to climb the existing pylons and get the problem fixed. To do the same on the… Read more »
Excellent post. Much appreciated 👍
Indeed.
And no comments about wind turbines, as yet.
I used at one time work in an office on a business park with two modest ( by modern standards) wind turbines, about 500m distant.
Much of the time, like all wind turbines, their primary function was virtue signalling and subsidy farming.
But when they were working, the working environment in the office became intolerable. Both the noise and, when the sun was low, the shadow effect were like the old Chinese water-torture. As soon as it started, I remembered some urgent task “on site” that I had to attend to.
I would certainly not buy a property anywhere within sight of a wind farm.
There have been a lot of complaints about these new pylons as they are extremely noisy.
Nobody wants to live near pylons. There are well documented health implications for starters
https://emfinspections.co.uk/health-risks-associated-with-living-near-electricity-pylons-in-the-uk/
Has there been no environmental survey?
Has no one told Miliband about the conclusive scientific evidence that electromagnetic emissions are a health hazard generally and also that some people suffer badly who are particularly sensitive to them.
The entire energy strategy of the UK is a greenwash clutter of impracticality, impossibility, ideology and all at astronomical cost. Added to the eco socialism of our pretend to save the planet governments, we also now have the rabid Marxism of Miliband added into the mix, and once our energy bills have skyrocketed and our properties have been devalued, along will come the commie Labour Government to seize half the profit from the sale of our houses, especially all those pensioners sitting in “million quid properties”
Did they give a 4X about the value of properties blighted by the HS2 rail line?
No.
Will Ed Minibrain give a 4X about the value of properties blighted by massive pylons?
No.