The green infrastructure valuation toolkit user guide
The green infrastructure valuation toolkit user guide
The green infrastructure valuation toolkit user guide
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Building natural value for sustainable economic development: the <strong>green</strong> <strong>infrastructure</strong> <strong>valuation</strong> <strong>toolkit</strong> <strong>user</strong> <strong>guide</strong><br />
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Well kept parks and <strong>green</strong> spaces enhance property values in the<br />
neighbourhood, with uplift ranging from 3% - 20%. Properties within 450m<br />
were considered to have their value increased. <strong>The</strong> total value of this was<br />
£18.8 million (PV).<br />
Investment<br />
<strong>The</strong> positive perception of the area created by the park may have an impact<br />
on private sector investment decision making, but further analysis would be<br />
required to make a quantitative estimate.<br />
Tourism<br />
Increased visitor numbers bring additional expenditure, supporting local<br />
employment. This was calculated to have a value of £979,000 (PV).<br />
Recreation<br />
<strong>The</strong> park clearly provides extensive opportunities for recreation. 103,500<br />
<strong>user</strong>s per annum were estimated and, based on a “willingness to pay”<br />
measure, the recreational value was calculated to be £822,000 (PV).<br />
Summary<br />
<strong>The</strong> results showed that the overall benefits were valued at £20.81 million - £21.01<br />
million. 90% of this benefit was associated with the impact on adjacent residential<br />
property values. <strong>The</strong> other monetisable benefits amounted to £2.07 million - £2.21<br />
million per annum at net present value.<br />
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