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How much £ does a garage add to the house price?

£5,000?

£10,000?

£15,000??

Comments

  • tomtontom
    tomtontom Posts: 7,929 Forumite
    How long is a piece of string?
  • stator
    stator Posts: 7,441 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Depends on area. In some areas a parking spot goes for £50k. In an area with ample free on street parking it would add little.
    Changing the world, one sarcastic comment at a time.
  • lincroft1710
    lincroft1710 Posts: 18,345 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    It's not so much the building, but the actual off road parking, although some double width garages could add a considerable amount, because of the extra land involved and potential for extension.
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
  • Loopy28
    Loopy28 Posts: 463 Forumite
    There isn't any difference where I live between a property with a garage compared to one with a driveway. There is about 10k difference compared to a property with no off road parking.
  • The potential increase in value to a property for a garage seems to have remained fairly constant for a few years now. A parking space would typically add around 8% to the value, a single garage a further 3% and a double garage a further 9%. :).
  • kinger101
    kinger101 Posts: 6,520 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 7 December 2014 at 3:57PM
    Why don't you look at prices on rightmove to get an idea based on the area you're talking about. It's anywhere between £0 and (according to Myleene Klass) £2M million. Alternatively, if its a garage in a poor state of repair that contains asbestos, we're in negative territory.
    "Real knowledge is to know the extent of one's ignorance" - Confucius
  • kinger101
    kinger101 Posts: 6,520 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    The potential increase in value to a property for a garage seems to have remained fairly constant for a few years now. A parking space would typically add around 8% to the value, a single garage a further 3% and a double garage a further 9%. :).

    Whatever your source is, these will only be averages.
    "Real knowledge is to know the extent of one's ignorance" - Confucius
  • SailorSam
    SailorSam Posts: 22,754 Forumite
    10,000 Posts Combo Breaker
    Depends how big the garage is. In my last house the garage was attached to the house and if you drove the car in there wasn't room to open the doors so you couldn't get out. Which is pretty normal with many modern houses. So the garage was only a big shed.
    The house i'm in now my garage is detached and 20'x25', so you can have 2 cars and still plenty of room for working on them. Probably adds quite a bit to the value.
    Liverpool is one of the wonders of Britain,
    What it may grow to in time, I know not what.

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  • Peter333
    Peter333 Posts: 2,035 Forumite
    edited 7 December 2014 at 5:11PM
    It's not so much the building, but the actual off road parking, although some double width garages could add a considerable amount, because of the extra land involved and potential for extension.

    This ^^^

    I prefer a drive, and a carport is nice, but a garage isn't essential.

    EG; I would rather have a house with a big plot at the side (like mine has,) than a house with a garage that is integral: (one of my pet hates and a definite dealbreaker.) No room for expansion in either direction, and houses like this are usually about 3 feet apart. Like this.

    4_bedroom_detached_house_for_sale_home_for_sale_for_sale_tenbury_wells_97925731039933580.jpg

    So this has a garage, but it's very unappealing, because of the fact the garage is integral and the houses are so close together, and there is no room for expansion.

    As I said, I would rather have a house with a parking space at the side, a wide drive, and a decent plot of land, rather than a house with a garage, that has no decent plot of land/no possibility of expansion/hardly any room.

    The house I have put the picture of (like many like it,) has little land and little privacy. Not appealing at all.

    So the answer to the OP's question is 'it depends.'

    Given the choice, I would prefer THIS house (below) to the one pictured above.

    rowhills.jpg

    Looks like there was no garage when the house was built, and they added it later.
    You didn't, did you? :rotfl::rotfl:
  • kinger101 wrote: »
    Whatever your source is, these will only be averages.

    Based on my knowledge and experience as an Architect.
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