
Cambridge Land Consultants operate nationally. We have long standing experience of wayleave agreement and easement negotiations against electricity companies. If you have a power line crossing your property it is possible that it is worth significantly less than it should be. You may be entitled to substantial compensation from the electricity company for this loss in value.
Pylons and lines have negative impacts on the value of properties for the following reasons:
Our experience enables negotiation of settlements with electricity companies that reflect the full loss in value of property caused by the presence of power lines. With residential property, settlements regularly run into five figure and often six figure sums.
If you do not claim your right to compensation, the next owner of your property probably will do. You may suffer difficulties in selling and have to accept a substantial discount because of the depreciation caused by the power line. The new owner, even after having paid a discount, can then go ahead and claim a lump sum from the electricity company. The right passes with the property and existing owners are advised to make use of it while they have it.
Underground or overhead electricity apparatus crossing development land can also have a significant impact on development gains. In some circumstances it is possible to have lines removed, diverted, overhead lines undergrounded, or at least receive a substantial compensation payment. If you have development land affected by the presence of power lines, Cambridge Land Consultants can help you.