- Enhanced package includes an offer to buy homes in villages in close proximity to a new runway at 25% above unblighted market value
- New scheme shaped by feedback from local residents at consultation events
- Homeowners will have the choice of remaining in their current home
Heathrow has announced plans to extend its property compensation scheme should an additional runway be built at the airport. In May the airport announced plans for 25% above unblighted market value compensation for 750 homes that would be subject to compulsory purchase.
Having listened to local residents, Heathrow is now proposing to extend this offer to cover homes that will be in close proximity to a new runway but will not be compulsorily purchased.
Under the improved scheme, residents living in communities close to a new runway will have the choice to either remain in their home or sell their home at 25% above unblighted market value once the new runway is under construction.
Homeowners in Poyle, Colnbrook, Brands Hill, Harmondsworth, Sipson, Harlington and Cranford Cross will be covered by the improved scheme. Properties in Longford and parts of Sipson and Harmondsworth are covered by the previously announced compulsory purchase area scheme.
The proposal is in response to feedback heard at public consultations between 21st July and 12th October of this year. Local people said they:
- welcome the proposal to offer 25% above market value compensation plus legal fees and stamp duty costs on homes that will be compulsorily purchased
- want the airport to recognise that a new runway will have an impact on homeowners close to the new boundary of the extended airport
- are concerned that property prices will be blighted in the areas close to the boundary of the extended airport
- want to avoid a situation where next door neighbours or homeowners on adjacent streets are entitled to different compensation
Some people in this area will want to remain in their homes if the airport is expanded, others will want the option of moving out of the area.
In response to this public feedback, Heathrow is:
- confirming its intention to offer 25% above unblighted market value compensation plus legal fees, plus stamp duty costs for anyone whose home will be compulsorily purchased
- extending this scheme to cover homeowners in close proximity to the new airport boundary whose homes do not need to be compulsorily purchased
- giving people the choice of remaining in their home or moving out of the area and receiving compensation
- announcing the scheme now, and including a 25% above unblighted market value premium, to avoid blight to property prices and to keep the local property market buoyant
- proposing a single, simple and easy-to-understand flat rate of 25% above unblighted market value compensation rather than different bands of compensation for different communities
- applying the proposal to homeowners in Poyle, Colnbrook, Brands Hill, Harmondsworth, Sipson, Harlington and Cranford Cross rather than having scheme boundaries that cut across communities
People also said they want local villages to retain a vibrant local community feel. Where Heathrow purchases a property from a homeowner it will refurbish and sound insulate the property before reselling it on the open market. This will give those people who want to leave the area the option of doing so but ensure those who remain still live in a functioning community.
The offer is subject to regulatory approval by the CAA. Approximately 3,750 homeowners’ properties would be eligible for compensation under the revised scheme.
John Holland-Kaye, Heathrow’s Chief Executive said:
“Our proposals for expansion at Heathrow have been developed with input from local communities. We are committed to treating people fairly. People told us that we should extend our offer to local homeowners living close to the airport, and we have listened.”
“Now we want to work with local communities to ensure that local people secure the jobs and growth that expansion at Heathrow will bring.”
Heathrow will be issuing its full response to the recent public consultation, including more details on property compensation and noise compensation and mitigation, in early 2015.
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