Transnational Journal of Science and Technology September 2012 edition vol.2, No.8 18 PROXIMITY OF HVOTLS AND RESIDENTIAL RENTAL VALUES IN THE METROPOLITAN LAGOS Akinjare, Omolade Adedoyin Department of Estate Mgt, School of Environmental Sciences, C.S.T, Covenant University, Canaanland, Ota, Ogun State, Nigeria Akinjare, Victoria Adeola Department of Banking and Finance, School of Business, C.D.S, Covenant University, Canaanland, Ota, Ogun State, Nigeria Oluwatobi, Afolasade Olubunmi Department of Estate Mgt, School of Environmental Sciences, C.S.T, Covenant University, Canaanland, Ota, Ogun State, Nigeria Abstract: High Voltage Overhead Transmission Lines (HVOTLs) otherwise referred to as power-lines have been thought to influence property values over the years. This study investigates the relationship between distance to HVOTLs and the rent of homes in metropolitan Lagos. Questionnaires were distributed to estate surveying firms, residents within 200m to power- lines in Surulere and Alimosho areas of Lagos while an in-depth interview of managers and field officers of Akangba and Alimosho PHCN sub-station was conducted. Average response rate was 66.5% and collated data were analysed. Findings revealed that residential property rents increased as distance from power-lines increased and the existence of a null effect on the rent of residential properties located over 100m away from power lines. Finally, the study encouraged the burial of yet-to-be constructed power-lines and strict enforcement of ROWs within Lagos metropolis where power-lines already exist to abate the effect of power-line on property investments. Keywords: Hvotls, Power-Line, Residential Property, Rental Value and Lagos Metropolis.