The Impact Of Accessibility On Residential Property Values

The Impact Of Accessibility On Residential Property Values

Abstract

Several studies have supposed that the availability of a position affect the values of parcels in that position. still, this exploration has drawn attention to the disposition of the Estate Surveyors and Valuers, Real estate inventors and also investors with regard to factors of availability and how they enhance the value of parcels. thus, this study has shown that availability has significant impact on domestic property value in New Haven Layout, Enugu and its terrain. It has enlightened the tenants on the important of living in an area with good infrastructural installations.

Background Of The Study

At the bottom of the Milliken Hill crests lies Enugu, the also Capital of east-central state of Nigeria Enugu, which literally means ‘’ hill top ’, derives its name from its position among the Udi hills on an station of689.8 bases above ocean position, area of28.27 square measures with population of 722,664 according to 2006 tale( Wikipedia, 2016) and close to two million according to 2015 estimates( Wikipedia, 2016).

According to ministry of information Enugu state( 2002), Enugu owes its actuality to the discovery of a rich confluence of coal at east of Ngwo vill in 1909 by a geological disquisition platoon led by a British Mining mastermindW.J.Leck arrived in Enugu with a group of labourers from Onitsha led by Mr AlfredInoma.W.J.Leck and his white sidekicks made their first home in temporary slush house on top of the Milliken Hill crest in what’s now known as the Hilltop, while the indigenous labourers established their own agreement on a super 200feet up the crest and was called Alfred Inoma.