Shared parking space

Sallyanne1965

I live in a semi detached house. My neighbour and i both have a parking space each on our shared driveway and 1 shared space between these owned spaces. I would like to buy my neighbours right to the shared space but not sure what to offer them. Does anyone know what the space is worth, how much i should offer and how to alter this on ownership.

[Deleted User]

Offer them what you think it's worth. They will either accept or counter offer or decline to sell at all. If they do agree to sell, you'll probably need a solicitor to deal with the legal work and Land Registry. You may need to pay your neighbour's legal fees too if you want them to agree to sell to you.

Warwick_Hunt

How much is sole use of the space worth to you?

Sallyanne1965

Deleted_User wrote: »

Offer them what you think it's worth. They will either accept or counter offer or decline to sell at all. If they do agree to sell, you'll probably need a solicitor to deal with the legal work and Land Registry. You may need to pay your neighbour's legal fees too if you want them to agree to sell to you.

Thanks for your reply

Car_54

Deleted_User wrote: »

Offer them what you think it's worth. They will either accept or counter offer or decline to sell at all. If they do agree to sell, you'll probably need a solicitor to deal with the legal work and Land Registry. You may need to pay your neighbour's legal fees too if you want them to agree to sell to you.

I'd suggest it is essential. This is not a straightforward run-of-the-mill house purchase.

[Deleted User]

Car_54 wrote: »

I'd suggest it is essential. This is not a straightforward run-of-the-mill house purchase.

Hence why I said probably. But either way, if I had said you will then some smart !!!! would have said you don't. Can't win.

Car_54

Deleted_User wrote: »

Hence why I said probably. But either way, if I had said you will then some smart !!!! would have said you don't. Can't win.

That's true!

pogofish

This isn't really a motoring issue - the property forums might be the better place to be asking about stuff like this.

theoretica

Do you have any on street parking permits nearby? What do they cost? A parking place would be valued at at least enough to buy a permit for the foreseeable future.

forgotmyname

Without a parking space their property maybe difficult to sell.

shaun_from_Africa

forgotmyname wrote: »

Without a parking space their property maybe difficult to sell.

The neighbour will still have their own parking space.
As it currently stands, both properties have their own private parking space and there is one shared space between the two private ones and it is this that the OP is interested in buying.