You are here: Home - News -

Parking space at number one

by:
  • 21/05/2003
  • 0
Owning a garage or allocated parking space has become the top choice in buyers 'wish lists' when loo...

Owning a garage or allocated parking space has become the top choice in buyers ‘wish lists’ when looking for a new home. Research by Bradford & Bingley Estate Agents (BBEA) found parking came out top of the list for 32% of respondents, closely followed by a garden and proximity to good schools.

Gary Verity, head of retail property services at BBEA, said: ‘We were surprised that car parking topped the list, particularly when we are considered a nation of garden lovers, and many parents are fiercely competitive about getting their children into the top schools.’

The agent pointed out that buyers in central London will pay up to a £50,000 premium for a property with an allocated parking space or garage. Elsewhere buyers will pay premiums of between £10,000 in smaller towns to £20,000 in bigger towns and city centres for parking.

Having a garden was top priority for 23% of respondents with 21% looking for particular school catchment areas. Verity said: ‘Having a garden is always a major a selling point, and can add up to £20,000 on the value of your home.’ Least important to buyers (3%) was an en-suite bathroom.


Tags

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
Advisers see increase in take-

Foreign climes are proving increasingly tempting for UK property buyers, and creating a growing...

Close