EFFECTS OF ROAD NETWORK PATTERN ON RESIDENTIAL PROPERTY VALUES. MONATAN AND AKOBO IN LAGELU LOCAL GOVERNMENT AREA OF IBADAN AS A CASE STUDY
Abstract
The research examined the effects of road network pattern on residential property rental value with a view to improving roadway patterns and value of residential properties. which was achieved by examining residential property rental value, road network pattern to be adopted and the effect of road network pattern on residential property rental value. Primary data were employed for the study from residential properties in Akobo and Monatan in Ibadan using simple random sampling to deduce 129 questionnaires from the total of 429 sample frame, which were analysed using tables, frequency as well as likert scale for ranking the added value and performance measures. Findings reveal that road network pattern is not responsible for high rental values in Akobo while the road network increase the rental value in Monatan. The study concluded there is significant relationship between road network and residential property values therefore, there is need for government to repair existing roads and construct new ones at the study area. Hence, regulations should be made to discourage any act from citizenry that can damage roads.
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