House Prices are affected!
Wind turbines do affect house prices, 20% drop if a wind farm is in close proximity states valuation tribunal .
Decision and Reasons:
After due consideration of all of the evidence submitted before it by both parties, the tribunal decided to allow the appeals, for the following reasons:
1. It was apparent from the evidence submitted that the construction of the wind farm 930 metres away from the appeal dwellings had had a significant detrimental effect on the Appellants' quiet enjoyment of their properties. The tribunal therefore found that the nuisance caused by the wind farm was real and not imagined and it would have had some effect upon the potential sale price of the appeal dwellings. The difficulty for the tribunal was the determination of what effect the wind farm had had in real terms.
2. Unfortunately, there was no direct or comparable sales evidence tendered by the parties to assist the tribunal in its deliberations.
3. Case law and experience elsewhere had shown that dwellings which were located in close proximity to wind farms had seen their property prices drop by around 20%.