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HVOTL Structures and Residential Property Investments in Suburban Lagos,Nigeria

Akinjare, O. A. and Oni, A. O. and Iroham, C.O. (2014) HVOTL Structures and Residential Property Investments in Suburban Lagos,Nigeria. Transnational Journal of Science and Technology, 4 (2). pp. 17-29. ISSN 185 7-8047

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Abstract

High Voltage Overhead Transmission Lines (HVOTLs) otherwise referred to as powerlines, have been ascertained to influence diminution in property value. This study epicenters on the impact of power-lines on the rent of residential properties in suburban Lagos. Questionnaires were distributed to registered Estate Surveying firms, residents within 200m of a I Okm double tracked power-line in Alimosho, Lagos while an indepth interview of the manager and field officers of the Alimosho PHCN sub-station was conducted. Averagely, a response rate of 66.5% was achieved and collated data were analysed accordingly. Findings revealed that the rents payable for homes within 1OOm proximity to the power line did not suffer value diminution. Finally, the study recommended the PHCN to call to order, all residents breaching the 25m ROW in suburban Lagos, to foster environmental decorum and also retain the null effect of power-lines on rents in the neighbourhood as the suburb gradually merges into the metropolis.

Item Type: Article
Uncontrolled Keywords: HVOTLs, Residential Property, Rental Value, Alimosho & Suburb
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: 15 May 2014 14:21
Last Modified: 15 May 2014 14:21
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/2623

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