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Parking versus no parking

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  • Parking versus no parking

    Dear all,

    My wife and I are considering buying a period flat, with a garden but with limited on-street parking in a non-patrolled area of SW London. Apparently sometimes you need to park 2-3 streets away, or a 5 min walk.

    Alternatively, we could opt for more modern property with a balcony or shared outside space with off street parking (OSP) and/ or a garage.

    I commute by car outside of London so parking is important.

    However I am of the view that OSP is worth surrendering as period property is more saleable, more likely to appreciate in value, and also (in general) has lower ground rent and service charges.

    Am I alone in having this opinion or do others share it?

    I'd be interested and appreciative of any views!

  • #2
    Re: Parking versus no parking

    Please have a look on my signature. I think your demand will fulfill
    Property To Rent

    Comment


    • #3
      Re: Parking versus no parking

      Hi JB,

      Where ever you buy property parking will be a great benefit and always increases the value so its best to purchase with it if possible

      Ged
      http://www.premierexpatmortgages.com
      [email protected]

      Comment


      • #4
        Re: Parking versus no parking

        It’s difficult to say really – apples with pears! I would decide based on my own wishes.

        Personally when I come back from holiday or the supermarket, I don’t want to walk the streets with all my stuff so I’d go for the newer one.

        Someone else will think the opposite so it just shows…either property has demand!

        Hope that helps.

        Regards,

        Jonathan Rolande.
        Jonathan Rolande
        Director of House Buy Fast.
        The UK's Quick House Buying Company
        01903 331 588.

        Comment


        • #5
          Re: Parking versus no parking

          Hi, Two very different property choices you have and as an estate agent dealing in sales and lettings we get this question a lot from our buyers. my advice to be honest do not look at it as an investment at this stage. you will need to live there for a period of time and that is the quality of life you get with the property. Why spend how many hundreds of thousands of pounds on a property that does not work for you or you do not love? i am guessing you will be at the property for at least a couple of years, chances are if the market stays the same both will grow in value. Go with your heart but let your head have a say. Let us know what you chose!
          Jacks and Jones Estate Agents
          http://www.jacksandjones.co.uk

          Comment


          • #6
            Re: Parking versus no parking

            I think that parking space also increases the saleability of the property. Parking in London is very expensive so people tend to consider it a great asset to the property. Of course parking can also attract premium rents if you wish to rent the property later on.
            Neli P.
            E-mail: [email protected]
            Website : http://blog.thenello.com/

            Comment


            • #7
              Re: Parking versus no parking

              I would definitely get the parking as it will help sell the property if you ever do.
              http://www.premierexpatmortgages.com
              [email protected]

              Comment


              • #8
                Re: Parking versus no parking

                Its really common practice that buyer would consider parking over non parking property and i second the fact from the above folk that your property would have good price over non parking property as buyers would prefer to get parking instead facing the same issue as you do parking the car a little far off the property premises.
                apartments for rent in abu dhabi
                2 bedroom apartments in abu dhabi

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                • #9
                  Re: Parking versus no parking

                  Before you decide to buy any property you should always consider all the things you need and if a parking space is really important then that flat isn't for you.
                  It's fine to celebrate success but it is more important to heed the lessons of failure.
                  Well Lodge

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                  • #10
                    Re: Parking versus no parking

                    I will prefer a property with parking space because it adds a definite attractiveness to the place which will be helpful for you in any case like if you want to sale or rent out at some point.
                    JMP Property Solutions Ltd
                    Selling - Lettings - Management
                    Tel: 07902 371000
                    https://www.facebook.com/pg/jmppropertysolutions/

                    Comment


                    • #11
                      Parking is always best to have..
                      Branch Manager
                      Apex Removals & Storage Group
                      Website: https://www.apex-removals.co.uk/

                      Comment


                      • #12
                        Always prefer to buy a property with a parking venue. It is the best option for you.

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