Following on from Sam’s recent blog on how much does soil remediation cost I thought you might be interested to see how a reporter on mortgage issues, clearly with limited knowledge, is managing to scare potential home owners from buying properties developed on brownfield sites.
It is stated that…”Some 3% of all properties in the UK are affected by land contamination meaning 786,000 properties could be affected”…yes this could be true but what is the land mass of the ‘3% properties’ as opposed to the size of a ‘normal’ property used in the calculation.
Furthermore…”The average cost of cleaning up contaminated land is £250,000 per acre, meaning making right the average contaminated plot in the UK could cost £15,000.” So is the writer assuming that all contamination, soil types, target levels, etc are the same across the UK…? Where did the £250k per acre come from…?
And…“In the regions where there is the highest risk of purchasing contaminated land, due diligence searches are less popular than in south east England.” Could it be that more people want to live in the south east than the areas where the presence of contamination is more likely hence the reason for more searches…?