30 May

How New Generation Transport Scheme May Affect Property Prices in Leeds

House values in parts of the Leeds 6 and Leeds 16 postcode areas may be adversely damaged by the introduction of the proposed New Era Transport (NGT) scheme, which will see trolleybuses working from Holt Park into metropolis centre and to be able to Stourton. The A660 Otley Street has been earmarked for the scheme, with a park-n-ride facility at Boddington, alongside the new real estate scheme that will probably come up there when Leeds College or university dispose of their involvement in the site, which is currently on the market for sale. leeds city centre

Changes in the Landscape for Home Owners

Sections of the A660 through West Playground and Far Headingley are wide enough to take a trolleybus, although creatively even properties in these areas may suffer, with overhead power cables criss-crossing the road, concrete or steel supports carrying the power lines and elevated terminals with overhead coverage for passengers dotted along the route. This will have a detrimental impact on property values. 

Additional sections of Otley Highway would not ‘get away’ so lightly. Proposals include making Hollin Road do follow and widening Otley Highway (opposite Georgio’s and the New Inn), by taking up sections of keeping money verges on the south-west side of the road. Removing sections of mature woodland around Cabeza Road and Shire Pine Road are proposed as the trolleybus route bees behind the Arndale Center, the Original Oak bar and St Columbus’ Cathedral. Taking away woodland around these usually secluded roadways will have a designated affect on the tranquility and tranquillity they at present enjoy. Headingley Hall and Headingley Castle would potentially suffer in the same way. For details of the proposed route please go to http://www.ngtmetro.com/proposals

Homes during these areas may be more adversely damaged as the occurrence of the scheme in characterful conservation areas will challenge the total concept of ‘conservation’.

The Impact on Property Rates

There will be two aspects to the impact on property values by the suggested scheme; the effect on values whilst the building works are being performed and the final value of property once the infrastructure is in place and residents are experiencing the day-to-day procedure of the scheme. From 31 years of experience Michael jordan Moore, Executive Partner at Moores, says “In many instances once such strategies are up and going, property values are relatively untainted, as possible customers can see on their own how the structure will affect their daily life, of course, if such a scheme reduces road noise from autos, reduces traffic flows, and accelerates the time it takes to find yourself in Leeds, there may even be some positives to take from the scheme. The problem is the result on value during the temporary period of planning and construction, which can take years. inches

Michael proceeded to go on to say “The old Supertram scheme never got off the surface but the mere danger that it could deterred buyers from offering on some properties along the A660, as far down as Hyde Park and as far north as Lawnswood. The A65 Kirkstall Road scheme that is now complete (and much better I might add! ) resulted in many houses that were facing onto the scheme either being unsaleable for a time or only being sold at heavily discounted prices. As it happens, this all occurred throughout the downturn and as many properties were struggling to sell the result wasn’t as noticeable as it would have been throughout a rate of growth period – which we may face in the next ten years (the market always works in periods! ). Anybody along these routes owns a property and is thinking of either selling or letting it in the around future our advice is to have the property valued in the starting; they need to know the realistic sale or rental value and the impact of the suggested scheme on the duration of time it should take to sell or let the property”.

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