DEVELOPMENT LAND VALUES IN COAL MINING AREAS

Abstract

It is recognised by valuers that the effects of coal mining on land in Great Britain can have a significant impact oon the value of a particular site when it is being considered for potential surface development purposes. In this respect a great many buildings are erected successfully each year within mining areas after the effects of mining have been taken into account. If, however, the adverse effects of mining are not recognised and during the site development stage a problem suddenly appears, it is obvious that this may lead to considerable increases in cost and/or delay to the proposed development for which the land was originally purchased. Obviously with sufficient prior appreciation and investigation of the mining position such situations could be avoided. It is with this in mind that the following paper aims to indicate in broad outline, but in such detail relevant to the valuer, some of the major influences of coal mining which require to be recognised and equated in monetary terms when assessing potential site values for development purposes in mining areas.

Citation

ROFFE, V. (1985), "DEVELOPMENT LAND VALUES IN COAL MINING AREAS", Journal of Valuation, Vol. 3 No. 3, pp. 259-271. https://doi.org/10.1108/eb007976