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Experience of light rail, metro and other urban rail transit schemes shows they can play a significant role in improving the attractiveness and quality of urban public transport. In terms of the high cost of rail transit systems, land value capture has drawn increasing attention as a result of its potential for funding public transport infrastructure. To evaluate its potential success, it is crucial to examine critically the impact of public transport on land value before approaching the question of land value capture. This paper considers how the introduction of a rail transit system can lead to land value changes using the extension to Sunderland of the Tyne and Wear Metro (UK) as a case study. Changes in land values, specifically residential land prices, have been investigated using residential property prices data from local newspapers. This paper presents a statistical analysis of residential property price change in the vicinity of …