Industrial Land

Contents

Industrial land values

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 2005

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 2005

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 160,000 800,000 385,000
Yorkshire and the Humber 200,000 675,000 477,000
East Midlands 250,000 660,000 446,000
West Midlands 250,000 1,000,000 512,000
Eastern 370,000 2,500,000 997,000
South East 225,000 3,250,000 1,362,000
South West 210,000 1,235,000 608,000
Wales 125,000 440,000 218,000
England & Wales (excluding London) 80,000 3,250,000 632,000
London 850,000 3,800,000 1,862,000
Scotland 110,000 500,000 235,000

Range of values reported as at 1 January 2005

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 300,000 500,000 450,000
Manchester 350,000 550,000 500,000
Rochdale/Oldham 250,000 450,000 350,000
Salford/Trafford 450,000 800,000 700,000
Stockport 300,000 600,000 450,000
Wigan 250,000 400,000 325,000
Blackburn/Burnley 200,000 350,000 265,000
Lancaster 195,000 300,000 250,000
Central Lancs (Preston) 350,000 550,000 480,000
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 250,000 550,000 425,000
Carlisle/M6 Corridor 200,000 300,000 250,000
Kendal 500,000 650,000 575,000
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MERSEYSIDE
  From
£s per ha		 To
£s per ha		 Typical
£s per ha
Liverpool 160,000 325,000 235,000
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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 250,000 650,000 500,000
Huddersfield 325,000 500,000 450,000
South Leeds 400,000 650,000 600,000
Doncaster 200,000 450,000 380,000
Grimsby 200,000 400,000 310,000
Hull 300,000 590,000 550,000
Sheffield 200,000 450,000 380,000
Wakefield (new location) 400,000 650,000 600,000
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EAST MIDLANDS
  From
£s per ha		 To
£s per ha		 Typical
£s per ha
Lincoln 275,000 325,000 300,000
Mansfield 250,000 325,000 275,000
Nottingham 475,000 625,000 525,000
Derby 375,000 525,000 425,000
Leicester 370,000 660,000 650,000
Northampton 450,000 650,000 500,000
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WEST MIDLANDS
  From
£s per ha		 To
£s per ha		 Typical
£s per ha
Birmingham 400,000 1,000,000 750,000
Coventry 310,000 740,000 618,000
Sandwell 325,000 520,000 400,000
Wolverhampton 325,000 485,000 400,000
Tamworth 350,000 550,000 485,000
Telford 280,000 420,000 370,000
Stoke/Stafford 250,000 650,000 320,000
Leamington Spa 570,000 750,000 675,000
Redditch 500,000 820,000 700,000
Dudley 325,000 500,000 400,000
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EASTERN
  From
£s per ha		 To
£s per ha		 Typical
£s per ha
Cambridge 500,000 950,000 700,000
Peterborough 500,000 680,000 570,000
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) 1,235,000 1,976,000 1,729,000
Colchester 370,000 765,000 650,000
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LONDON
  From
£s per ha		 To
£s per ha		 Typical
£s per ha
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
Barking and Dagenham 1,250,000 1,850,000 1,600,000
Walthamstow 850,000 1,850,000 1,650,000
North/East Enfield and Haringey 1,500,000 2,000,000 1,750,000
Park Royal 3,100,000 3,800,000 3,400,000
Hayes 2,300,000 2,800,000 2,500,000
Croydon 1,500,000 2,500,000 2,000,000
Merton/Mitcham 900,000 3,000,000 1,600,000
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SOUTH EAST
  From
£s per ha		 To
£s per ha		 Typical
£s per ha
Crawley 2,500,000 3,250,000 2,500,000
Eastbourne 600,000 1,000,000 900,000
Canterbury 600,000 900,000 750,000
Medway Towns 750,000 900,000 825,000
Maidstone/Medway Gap 980,000 1,200,000 1,115,000
Guildford/Egham 1,600,000 2,400,000 2,225,000
Sunbury (new location) 1,900,000 2,700,000 2,500,000
Milton Keynes 800,000 900,000 850,000
Oxford 850,000 1,150,000 950,000
Reading 1,800,000 2,100,000 1,900,000
Basingstoke 1,250,000 2,100,000 1,800,000
Portsmouth 850,000 1,450,000 1,100,000
Southampton 1,150,000 2,000,000 1,375,000
Newport(IOW) 225,000 350,000 275,000
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SOUTH WEST
  From
£s per ha		 To
£s per ha		 Typical
£s per ha
Poole/Bournemouth 850,000 1,235,000 990,000
Weymouth 350,000 600,000 500,000
Exeter 550,000 750,000 675,000
Barnstaple 250,000 350,000 270,000
Plymouth 236,000 313,000 310,000
Bodmin 210,000 240,000 230,000
Yeovil 370,000 705,000 540,000
Bristol 650,000 900,000 800,000
Gloucester 679,000 926,000 864,000
Swindon 800,000 1,050,000 900,000
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WALES
  From
£s per ha		 To
£s per ha		 Typical
£s per ha
Cardiff 300,000 440,000 375,000
Carmarthen 135,000 190,000 160,000
Merthyr Tydfil 125,000 200,000 150,000
Taff Ely 130,000 340,000 190,000
Swansea 190,000 220,000 200,000
Colwyn Bay/Llandudno 125,000 180,000 150,000
Newport 300,000 420,000 340,000
Deeside 150,000 240,000 180,000
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SCOTLAND
  From
£s per ha		 To
£s per ha		 Typical
£s per ha
Hillington 175,000 300,000 250,000
Irvine 110,000 110,000 110,000
Dumfries 110,000 130,000 120,000
Falkirk (new location) 150,000 200,000 175,000
Glasgow 200,000 325,000 250,000
Aberdeen 370,000 445,000 435,000
Inverness 290,000 500,000 380,000
Edinburgh 160,000 380,000 300,000
Motherwell/Hamilton 150,000 300,000 200,000
Dundee 120,000 150,000 125,000
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Land for the development of factories and warehouses as at 1 January 2005 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 2005

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 80,000 425,000 235,000
North West and Merseyside 350,000 1,500,000 644,000
Yorkshire and the Humber 225,000 650,000 557,000
East Midlands 275,000 750,000 500,000
West Midlands 320,000 1,200,000 630,000
Eastern 370,000 2,500,000 1,137,000
South East 300,000 3,500,000 1,624,000
South West 210,000 1,300,000 692,000
Wales 120,000 460,000 264,000
England & Wales (excluding London) 80,000 3,500,000 749,000
London 1,500,000 3,800,000 2,150,000
Scotland 190,000 2,700,000 588,000

 

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

A= Autumn S=Spring values
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North West and Mersey

A= Autumn S=Spring values
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Yorkshire and the Humber

A= Autumn S=Spring values
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West Midlands

A= Autumn S=Spring values
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Eastern

A= Autumn S=Spring values
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Inner London
Series discontinued. Data from 2004 is no longer divided into 'Inner' and 'Outer' London.

A= Autumn S=Spring values
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Outer London

From January 2004 this includes Inner and Outer London.

A= Autumn S=Spring values
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South East

A= Autumn S=Spring values
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South West

A= Autumn S=Spring values
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Wales

A= Autumn S=Spring values
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