Type | Journal Article - Ethiopian Journal of Environmental Studies and Management |
Title | Impact of HVOTLs on Residential Property Rental Values in High-Brow Lagos Metropolis |
Author(s) | |
Volume | 5 |
Issue | 1 |
Publication (Day/Month/Year) | 2012 |
Page numbers | 56-63 |
URL | http://www.ajol.info/index.php/ejesm/article/download/74153/64811 |
Abstract | High Voltage Overhead Transmission Lines (HVOTLs) otherwise refered to as power-lines have been debated to facilitate property value diminution. This current study investigates the impact of power-lines on the rents of residential properties in high brow Lagos. Questionnaires were distributed to registered Estate Surveying firms, residents within 200m to power-lines in Surulere area of Lagos while an indepth interview of the Manager and field officers of the Akangba PHCN sub-station was conducted. On the average, a response rate of 66.5% was recorded. Findings revealed that residential property rents increased as distance from power-lines increased averagely by =N=5,000.00 and a mean value impact of =N=786 on neighbourhood rental value.The study encouraged the use of buried armour cables instead of overhead power-lines in future and the strict enforcement of ROWs within Lagos metropolis where power-lines already exist, in a bid to abate the effect of power line on property investments. |
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