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Publications > Property Market Report Autumn 2003 > Industrial Land

Industrial and warehouse land values as at 1 October 2003 The table below shows the range of typical values reported by District Valuers together with the typical value for each region.These values should be regarded as illustrative rather than definitive.

Range of Values Reported
Region

From £s per ha To £s per ha

Typical £s per ha

North East 80,000 200,000 148,000
North West and Merseyside 110,000 800,000 346,000
Yorkshire and the Humber 140,000 640,000 442,000
East Midlands 250,000 700,000 455,000
West Midlands 250,000 950,000 506,000
Eastern 370,000 2,500,000 966,000
South East 225,000 3,000,000 1,335,000
South West 175,000 1,235,000 590,000
Wales 100,000 433,000 207,000
England & Wales ( excluding London) 80,000 3,000,000 609,000
London 650,000 3,600,000 1,793,000
Scotland 100,000 490,000 221,000

 

Range of Values Reported
Region From
£ s per ha
To
£ s per ha
Typical
£ s per ha
NORTH EAST
North Tyneside (Newcastle) 175,000 200,000 185,000
Northumberland (Cramlington) 80,000 175,000 125,000
Sunderland 110,000 200,000 150,000
Middlesbrough 80,000 170,000 130,000
Durham 125,000 175,000 150,000
  
NORTH WEST     
Bolton and Bury 250,000 450,000 400,000
Manchester 350,000 500,000 400,000
Rochdale/Oldham 250,000 400,000 300,000
Salford/Trafford 400,000 800,000 625,000
Stockport 275,000 600,000 400,000
Wigan 250,000 400,000 300,000
Blackburn/Burnley 192,000 286,000 250,000
Lancaster 173,000 296,000 225,000
Central Lancs (Preston) 320,000 370,000 345,000
Birkenhead ( new location) 200,000 250,000 220,000
Crewe & Nantwich 315,000 390,000 350,000
Macclesfield 275,000 495,000 330,000
Warrington 265,000 570,000 430,000
Carlisle/M6 Corridor 190,000 210,000 205,000
Kendal 500,000 600,000 550,000
       
MERSEYSIDE     
Liverpool 110,000 260,000 210,000
       
YORKSHIRE AND THE HUMBER     
Harrogate 350,000 550,000 475,000
York 350,000 475,000 425,000
Bradford 400,000 625,000 500,000
Huddersfield 325,000 475,000 425,000
South Leeds 400,000 625,000 500,000
Doncaster 150,000 450,000 380,000
Grimsby 160,000 370,000 295,000
Hull 250,000 640,000 540,000
Sheffield 140,000 450,000 380,000
Wakefield (new location) 400,000 625,000 500,000
               
EAST MIDLAND     
Lincoln 250,000 300,000 300,000
Mansfield 250,000 350,000 300,000
Nottingham 450,000 600,000 500,000
Derby 350,000 500,000 400,000
Leicester 370,000 680,000 615,000
Northampton 450,000 700,000 615,000
               
WEST MIDLAND     
Birmingham 350,000 950,000 700,000
Coventry 310,000 740,000 618,000
Sandwell 309,000 494,000 396,000
Wolverhampton 325,000 550,000 415,000
Tamworth 350,000 550,000 485,000
Telford 270,000 370,000 320,000
Stoke/Stafford 250,000 650,000 320,000
Leamington Spa 570,000 750,000 675,000
Redditch 500,000 820,000 700,000
Dudley 325,000 600,000 435,000
       
EASTERN     
Cambridge 400,000 950,000 680,000
Peterborough 430,000 650,000 555,000
Ipswich 420,000 675,000 475,000
Norwich 400,000 525,000 500,000
Stevenage 700,000 2,300,000 1,350,000
Luton 700,000 850,000 750,000
Hemel Hempstead 1,750,000 2,500,000 2,250,000
Basildon (new location) 1,200,000 1,976,000 1,482,000
Colchester 370,000 750,000 650,000
               
LONDON      
Stratford E15 740,000 1,235,000 990,000
Islington/Hackney 1,500,000 1,850,000 1,700,000
Greenwich 1,000,000 2,000,000 1,500,000
Southwark 1,250,000 2,500,000 1,800,000
North Hammersmith There is now only limited industrial development in this area and no discernible land market
Barking and Dagenham 850,000 1,500,000 1,250,000
Walthamstow 650,000 1,050,000 900,000
North/East Enfield and Haringey 950,000 1,125,000 1,100,000
Park Royal 3,100,000 3,600,000 3,300,000
Hayes 2,300,000 2,800,000 2,500,000
Croydon 1,500,000 2,500,000 2,000,000
Merton/Mitcham 850,000 2,750,000 1,500,000
               
SOUTH EAST     
Crawley 2,500,000 3,000,000 2,500,000
Eastbourne 450,000 520,000 500,000
Canterbury 525,000 900,000 750,000
Medway Towns 680,000 800,000 740,000
Maidstone/Medway Gap 900,000 1,050,000 1,000,000
Guildford/Egham 1,600,000 2,400,000 2,225,000
Sunbury (new location) 1,600,000 2,400,000 2,225,000
Milton Keynes 1,000,000 1,300,000 1,100,000
Oxford 850,000 1,150,000 950,000
Reading 1,850,000 2,100,000 2,000,000
Basingstoke 1,350,000 2,150,000 1,900,000
Portsmouth 850,000 1,450,000 1,100,000
Southampton 1,150,000 2,050,000 1,410,000
Newport(IOW) 225,000 350,000 275,000
                       
SOUTH WEST     
Poole/Bournemouth 850,000 1,235,000 990,000
Weymouth 350,000 600,000 500,000
Exeter 500,000 700,000 625,000
Barnstaple 250,000 350,000 270,000
Plymouth 236,000 383,000 310,000
Bodmin 175,000 220,000 200,000
Yeovil 375,000 650,000 530,000
Bristol 650,000 900,000 800,000
Gloucester 615,000 805,000 725,000
Swindon 900,000 1,100,000 950,000
               
WALES     
Cardiff 295,000 433,000 370,000
Carmarthen 135,000 185,000 160,000
Merthyr Tydfil 100,000 185,000 130,000
Taff Ely 125,000 330,000 185,000
Swansea 165,000 220,000 170,000
Colwyn Bay/Llandudno 100,000 160,000 130,000
Newport 300,000 420,000 340,000
Deeside 120,000 200,000 170,000
       
SCOTLAND     
Hillington 150,000 250,000 200,000
Irvine 110,000 110,000 110,000
Dumfries 100,000 125,000 110,000
Falkirk (new location) 150,000 200,000 175,000
Glasgow 150,000 300,000 200,000
Aberdeen 370,000 445,000 435,000
Inverness 280,000 490,000 375,000
Edinburgh 150,000 375,000 275,000
Motherwell/Hamilton 150,000 220,000 200,000
Dundee 120,000 150,000 125,000

Land for the development of factories and warehouses as at 1 October 2003 in some of the main industrial areas (excluding London)

Industrial land values from 1983 in England and Wales

 

 

 

Property Market Report Autumn 2003 - Ross on Wye
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