THE EFFECT OF THE TYNE AND WEAR METRO ON RESIDENTIAL PROPERTY VALUES

Investment in public transport can affect more than those who use the improved systems. The areas through which the new system operates can benefit in a number of ways. This report describes an exercise which monitors the effect that the opening of the new Tyne and Wear metro had on the value of residential properties in the districts through which the lines pass. Some of the methods of analysis used in other countries are discussed together with the types of data that were available for collection in Tyne and Wear. Three different methods of analysis were undertaken on the data collected. It was found that, relative to properties remote from metro, there was an average increase of L360 (1.7%) in the values of the properties near to metro stations during the two month periods either side of the date on which each section of line opened. (Author/TRRL)

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/03051315
• Corporate Authors:

  Transport and Road Research Laboratory (TRRL)

  Wokingham, Berkshire  United Kingdom 
• Authors:
  • PICKETT, M W
• Publication Date: 1984

Media Info

• Features: Figures; Photos; References; Tables;
• Pagination: 29 p.
• Serial:
  • Supplementary Report
  • Issue Number: 825
  • Publisher: Transport and Road Research Laboratory (TRRL)
  • ISSN: 0305-1315

Subject/Index Terms

• TRT Terms: Costs; Data collection; Dwellings; Economics; Evaluation and assessment; Land use; Property values; Public transit; Railroad transportation; Rapid transit; Residential areas; Urban development
• Identifier Terms: Tyne and Wear Metro
• Geographic Terms: United Kingdom
• ITRD Terms: 224: Cost; 308: Dwelling; 255: Economics; 9020: Evaluation (assessment); 356: Land use; 744: Public transport; 1173: Rail bound transport; 1181: Rapid transit system; 8119: United Kingdom
• Subject Areas: Economics; Finance; Highways; Planning and Forecasting; Public Transportation; Railroads; Society; Terminals and Facilities; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 00391966
• Record Type: Publication
• Source Agency: Transport Research Laboratory
• Files: ITRD, TRIS, ATRI
• Created Date: Mar 29 1985 12:00AM