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Property Market Report January 2007

Property Market Report | Industrial Land

Industrial Land

Contents

Range of values for:

- North East
- North West
- Merseyside
- Yorkshire and the Humber
- East Midlands
- West Midlands
- Eastern
- London
- South East
- South West
- Wales
- Scotland
Land for the development of factories and warehouses
Class B1 Land
Industrial land values from 1983 in England and Wales (graphs)

Industrial and warehouse land values as at 1 January 2007

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.

Typical values by region, industrial and warehouse land

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Industrial and warehouse land values as at 1 January 2007

ALL REGIONS
	From £s per ha	To £s per ha	Typical £s per ha
North East	80,000	220,000	167,000
North West and Merseyside	200,000	900,000	448,000
Yorkshire and the Humber	300,000	850,000	589,000
East Midlands	250,000	700,000	442,000
West Midlands	300,000	1,000,000	548,000
Eastern	400,000	2,750,000	1,117,000
South East	300,000	2,950,000	1,463,000
South West	260,000	1,350,000	694,000
Wales	130,000	440,000	226,000
England & Wales (excluding London)	80,000	2,950,000	695,000
London	865,000	5,000,000	2,109,000
Scotland	110,000	570,000	277,000

Range of values reported as at 1 January 2007

NORTH EAST
	From £s per ha	To £s per ha	Typical £s per ha
North Tyneside (Newcastle)	175,000	220,000	195,000
Northumberland (Cramlington)	80,000	175,000	125,000
Sunderland	130,000	220,000	190,000
Middlesbrough	100,000	210,000	165,000
Durham	125,000	180,000	160,000

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NORTH WEST
	From £s per ha	To £s per ha	Typical £s per ha
Bolton and Bury	350,000	575,000	500,000
Manchester	435,000	700,000	600,000
Rochdale/Oldham	300,000	525,000	425,000
Salford/Trafford	480,000	900,000	800,000
Stockport	340,000	625,000	465,000
Wigan	275,000	425,000	350,000
Blackburn/Burnley	300,000	550,000	425,000
Lancaster	200,000	400,000	350,000
Central Lancs (Preston)	500,000	700,000	600,000
Birkenhead	220,000	300,000	250,000
Crewe & Nantwich	325,000	500,000	400,000
Macclesfield	325,000	550,000	400,000
Warrington	275,000	575,000	450,000
Carlisle/M6 Corridor	200,000	375,000	300,000
Kendal	500,000	650,000	575,000

MERSEYSIDE
	From £s per ha	To £s per ha	Typical £s per ha
Liverpool	200,000	375,000	275,000

YORKSHIRE AND THE HUMBER
	From £s per ha	To £s per ha	Typical £s per ha
Harrogate	400,000	675,000	625,000
York	400,000	500,000	500,000
Bradford	500,000	700,000	600,000
Huddersfield	500,000	700,000	600,000
South Leeds	700,000	850,000	800,000
Doncaster	350,000	650,000	575,000
Grimsby	300,000	500,000	310,000
Hull	400,000	650,000	600,000
Sheffield	400,000	650,000	575,000
Wakefield	600,000	750,000	700,000

EAST MIDLANDS
	From £s per ha	To £s per ha	Typical £s per ha
Lincoln	300,000	350,000	325,000
Mansfield	250,000	325,000	275,000
Nottingham	475,000	625,000	525,000
Derby	375,000	525,000	425,000
Leicester	400,000	700,000	600,000
Northampton	450,000	650,000	500,000

WEST MIDLANDS
	From £s per ha	To £s per ha	Typical £s per ha
Birmingham	400,000	1,000,000	750,000
Coventry	310,000	740,000	650,000
Sandwell	325,000	540,000	420,000
Wolverhampton	330,000	575,000	475,000
Tamworth	350,000	550,000	485,000
Telford	300,000	420,000	370,000
Stoke/Stafford	300,000	650,000	400,000
Leamington Spa	570,000	750,000	700,000
Redditch	525,000	900,000	780,000
Dudley	350,000	550,000	450,000

EASTERN
	From £s per ha	To £s per ha	Typical £s per ha
Cambridge	600,000	1,000,000	750,000
Peterborough	575,000	750,000	650,000
Ipswich	460,000	745,000	600,000
Norwich	400,000	575,000	500,000
Stevenage	700,000	2,300,000	1,500,000
Luton	700,000	850,000	800,000
Hemel Hempstead	1,750,000	2,750,000	2,500,000
Basildon	1,360,000	2,470,000	2,100,000
Colchester	400,000	800,000	650,000

LONDON
	From £s per ha	To £s per ha	Typical £s per ha
Stratford E15	1,750,000	2,500,000	2,000,000
Islington/Hackney	1,850,000	2,500,000	2,000,000
Greenwich	1,200,000	2,200,000	1,700,000
Southwark	1,500,000	2,500,000	2,000,000
Barking and Dagenham	900,000	1,800,000	1,250,000
Walthamstow	865,000	1,400,000	1,250,000
North/East Enfield and Haringey	1,125,000	2,115,000	1,850,000
Park Royal	4,400,000	5,000,000	4,650,000
Hayes	2,300,000	2,800,000	2,500,000
Croydon	1,500,000	2,500,000	2,000,000
Merton/Mitcham	1,000,000	3,750,000	2,000,000

SOUTH EAST
	From £s per ha	To £s per ha	Typical £s per ha
Crawley	2,250,000	2,950,000	2,250,000
Eastbourne	800,000	1,000,000	900,000
Canterbury	800,000	1,100,000	950,000
Medway Towns	925,000	1,100,000	1,000,000
Maidstone/Medway Gap	1,100,000	1,400,000	1,225,000
Guildford/Egham	1,750,000	2,300,000	2,100,000
Sunbury	2,000,000	2,650,000	2,350,000
Milton Keynes	1,000,000	1,250,000	1,150,000
Oxford	850,000	1,200,000	950,000
Reading	1,800,000	2,100,000	1,900,000
Basingstoke	1,350,000	2,100,000	1,800,000
Portsmouth	1,050,000	1,700,000	1,300,000
Southampton	1,550,000	2,200,000	1,900,000
Newport(IOW)	300,000	600,000	450,000

SOUTH WEST
	From £s per ha	To £s per ha	Typical £s per ha
Poole/Bournemouth	900,000	1,350,000	1,100,000
Weymouth	450,000	725,000	600,000
Exeter	650,000	900,000	800,000
Barnstaple	300,000	450,000	325,000
Plymouth	275 000	375 000	325 000
Bodmin	260 000	300 000	280 000
Yeovil	430,000	800,000	620,000
Bristol	750,000	1,100,000	925,000
Gloucester	700,000	975,000	865,000
Swindon	750,000	1,300,000	1,100,000

WALES
	From £s per ha	To £s per ha	Typical £s per ha
Cardiff	300,000	440,000	375,000
Carmarthen	137,500	190,000	170,000
Merthyr Tydfil	135,000	200,000	170,000
Taff Ely	130,000	230,000	180,000
Swansea	190,000	240,000	220,000
Colwyn Bay/Llandudno	150,000	200,000	175,000
Newport	300,000	420,000	340,000
Deeside	150,000	260,000	180,000

SCOTLAND
	From £s per ha	To £s per ha	Typical £s per ha
Hillington	200,000	300,000	250,000
Irvine	110,000	110,000	110,000
Dumfries	120,000	150,000	130,000
Falkirk (new location)	200,000	400,000	350,000
Glasgow	250,000	400,000	370,000
Aberdeen	370,000	445,000	435,000
Inverness	315,000	570,000	420,000
Edinburgh	200,000	450,000	350,000
Motherwell/Hamilton	184,000	200,000	200,000
Dundee	120,000	160,000	150,000

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Land for the development of factories and warehouses as at 1 January 2007 in some of the main industrial areas (excluding London).

The chart shows the typical value of industrial development land in some of the main industrial areas in England, Scotland, and Wales (excluding London).

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Class B1 Land (Use Class 4 Scotland) as at 1 January 2007

The tables below shows the range of typical Class B1 ** values reported by District Valuers together with the typical value for each region. These values should be regarded as illustrative rather than definitive.

Region	From £s per ha	To £s per ha	Typical £s per ha
North East	80,000	425,000	237,000
North West and Merseyside	250,000	1,500,000	579,000
Yorkshire and the Humber	400,000	1,500,000	761,000
East Midlands	275,000	850,000	529,000
West Midlands	350,000	1,200,000	667,000
Eastern	630,000	2,750,000	1,364,000
South East	300,000	3,150,000	1,689,000
South West	280,000	1,500,000	835,000
Wales	140,000	460,000	265,000
England & Wales (excluding London)	80,000	3,150,000	797,000
London	1,000,000	5,200,000	2,560,000
Scotland	175,000	3,100,000	629,000

Typical values by region Class B1 land (Use Class 4 in Scotland)

** Class B1 is for use as an office other than for financial and professional services, for research and development of products or processes or for an industrial process which can be carried out in a residential area without detriment to the amenity of that area.

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Industrial land values from 1983 in England and Wales

The data up to Autumn 1997 is the maximum, minimum and midpoint value within the region. From 1998 onwards the midpoint is replaced by the average typical value for the region.

North East