Land Value and Transport Modelling and Appraisal

What is it?

This report explores how transport investment influences land and property values across the North. It uses new modelling techniques to understand how accessibility, place quality and transport connections affect residential and commercial property prices. Three models were developed, including a detailed North‑wide residential model and a case study of the Manchester Metrolink network.

How is it useful?

It helps combined authorities and partners understand the wider economic impacts of transport investment. Use it to support transport planning, appraisal and business cases, assess potential property value changes and explore opportunities to capture value from investment to support future infrastructure funding.

Key findings

• Better access to jobs by rail, car and walking is linked to higher property values
• New Manchester Metrolink stations increased nearby residential property values by an average of 6.3%
• Northern Powerhouse Rail improvements could increase residential property values by up to 9.3% in some locations
• Place quality factors such as green space, air quality and access to local centres have a significant influence on value
• The research highlights opportunities and limitations for land value capture to support infrastructure investment