Fracking digs deep hole in house values

The industrialisation of our country at the hands of the frackers will have an impact on us all....'FRACKING could be such a blight on homes near drilling sites that they will be placed into lower council tax bands, the government’s property valuation agency admits.

The Valuation Office Agency (VOA), which sets the values of properties for council tax purposes, said any industrial or commercial development near homes, potentially including fracking sites, could reduce their value.

Some homeowners living near proposed fracking sites say their properties are already worth considerably less than before the plans were submitted.

In Fylde, near Blackpool in Lancashire, one woman says her home, previously valued at £725,000, has been revalued at under £200,000 after a planning application to frack nearby.'