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Impact of HVOTLS on Residential Property Rental Values in High-Brow Lagos Metropolis

Akinjare, O. A. and Oluwunmi, Adedamola O and Iroham, C.O. (2012) Impact of HVOTLS on Residential Property Rental Values in High-Brow Lagos Metropolis. Ethiopian Journal of Environmental Studies and Management, 5 (1). pp. 56-63.

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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.

Item Type: Article
Uncontrolled Keywords: HVOTLs, Power-line, Residential, Property, Rental Value, Surulere, Lagos and Metropolis
Subjects: H Social Sciences > HD Industries. Land use. Labor
T Technology > TA Engineering (General). Civil engineering (General)
T Technology > TH Building construction
Divisions: Faculty of Engineering, Science and Mathematics > School of Civil Engineering and the Environment
Depositing User: Mr Solomon Bayoko
Date Deposited: 19 Mar 2014 13:32
Last Modified: 10 Jul 2017 11:53
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/2213

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