Is desirability affected by externalities?
GCSE geography coursework
St Albans is a city in southern Hertfordshire and is around 22 miles north of central London. It is one of the oldest settlements in Britain and was inhabited by the Romans in which it was known as Verulamium and was the third largest roman city in Britain. There still are large parts of the ancient city wall running through what is now park and large parts of the roman city still remain unexcavated.
It is highly suburban in character and is completely surrounded by the metropolitan green belt. Its house prices (recent estimates £328,820) are considerably higher than the national of £199,184. This is because of several factors such as it is very fast to commute to London through train and it is also the meeting point of various important roads and motorways such as the A5183, M1 and the A1081, its picturesque image and its low crime rate.
St Albans population has changed drastically over the last 20 years. Before the 20th century, growth was quite slow as it was just a rural town and the first night stop from London but now it is a bustling city that has benefited from the electronics and tourism and film industry.
The Burgess model created in the 1920’s shows a circular land pattern that relates to many cities around the world. In the middle there is a small CBD (central business district) which is the oldest part of the city, it is generally the most expensive part of the city because of its accessibility and its shortage of space. Around the CBD there is the inner city, around that there is the inner suburbs, then the outer suburbs and finally the commuter zone.
The bid rent theory states that land closer to the CBD will cost more as people (businesses in particular) are willing to pay more money for land closer to the centre of a city due to its greater accessibility and a bigger margin of profitability.
Below are some facts about the...