House Valuation and School Parking Restrictions

Ja_s_mon

Hi all, new to the forum. I was looking for some advice/opinion on a house valuation. We sold our own house a 8 weeks ago. But have had rotton luck finding something ourselves. We have been gazumped or couple of times and lost out to cash buyers on 3 occasions.
We have however become aware of a gentleman who is looking to sell his house in the new year. The issue we have is that I have no idea what the approx value is. Their is no zoopla estimate or sales for detached properties of that type in the last few years. The semis seem to get sold for between 250-270k. This property is larger 4 bed and detached. It has an average sized plot. The property itself is directly opposite my daughters school entrance on a cul de sac. Parking is problematic, parking restrictions directly affect the house. My questions are the following
Does a properties proximity to scho entrance affect value
Whilst the property has a drive, their parking restrictions all around. Would this again effect value. Below is a picture of the setup. House it to the right. Any opinion is appreciated 

JamoLew

Do a drive by at school drop off and pick-up times (when they are open again)

Personally, I can't see you NOT having access problems during these times

It probably wouldn't affect prices, but may affect the potential demographic that would/wouldn't want to live there

davidmcn

If the property has (reasonably sufficient) off-street parking, restrictions outside are less likely to be an issue.

I expect being next to a school (especially next to the gate) will put off some buyers, but I doubt there's any particular formula for assessing what effect it has on value.

AdrianC

If this is your daughter's current school, I suspect you know EXACTLY what traffic and parking are like at either end of the school day...

Only you can answer whether you'd find that acceptable.

As for value - without any context it's impossible to say - but the extra space and detachment will more than outweigh the parking issues. Think slightly below semi-local 4-bed detached, rather than a bit above immediately-local 2-/3-bed semi. Remember, many potential buyers simply won't ever see the daytime parking chaos, because they'll be at work then.

SaintJudy

My colleague lives on the same street as a school and she constantly finds herself blocked in as people park on the road across her drive

Ja_s_mon

AdrianC said:

If this is your daughter's current school, I suspect you know EXACTLY what traffic and parking are like at either end of the school day...

Only you can answer whether you'd find that acceptable.

As for value - without any context it's impossible to say - but the extra space and detachment will more than outweigh the parking issues. Think slightly below semi-local 4-bed detached, rather than a bit above immediately-local 2-/3-bed semi. Remember, many potential buyers simply won't ever see the daytime parking chaos, because they'll be at work then.

Hiya yes I'm fully aware it's a very busy street. Morning/afternoon pickup is v busy. Its quite a big primary school so lots of parking issues. This doesn't particularly concern me
I'm more interested in how this may affect the properties value. Both buying and then selling in the future
 Their are two similar sized style houses half a mile away that sold for 380k with the last 18 months (nothing closer though) but have been fully renovated ( I believe this house will need new heating sustem. Possible kitchen etc) they also don't have any parking restrictions or proximity to school concerns

NeverTooLate

SaintJudy said:

My colleague lives on the same street as a school and she constantly finds herself blocked in as people park on the road across her drive

You will have to assume that you won't be able to get your car out of your drive at school drop off/pick up times.

My elderly father lives next to a school and has to schedule leaving the house around that. On the day of my mother's funeral I politely asked the woman would had parked across the drive in the morning if she could park somewhere else in the afternoon as the hearses would need to park outside - I was met with a stream of abuse.

Ja_s_mon

SaintJudy said:

My colleague lives on the same street as a school and she constantly finds herself blocked in as people park on the road across her drive

This house has parking restrictions outside. Which in the main look like they are. adhered too

Chloe_G

NeverTooLate said:

SaintJudy said:

My colleague lives on the same street as a school and she constantly finds herself blocked in as people park on the road across her drive

You will have to assume that you won't be able to get your car out of your drive at school drop off/pick up times.

My elderly father lives next to a school and has to schedule leaving the house around that. On the day of my mother's funeral I politely asked the woman would had parked across the drive in the morning if she could park somewhere else in the afternoon as the hearses would need to park outside - I was met with a stream of abuse.

NeverTooLate - that is appalling but not surprising.  I live in a road which is used as a carpark by the parents of children at a private school.  I have recently had to change my working hours as it is impossible to drive down my road and access my house from 3.30pm for 45 minutes.  When I move I would never ever consider a house near a school.

Mickey666

"We have however become aware of a gentleman who is looking to sell his house in the new year. The issue we have is that I have no idea what the approx value is."

Firstly, I'd approach the person in question asap before they appoint an estate agent, because a private sale will save them some money and might persuade them to accept a lower offer.

Secondly, the value of the house will be what the seller is looking for, so again I'd approach them asap.

Of course, they may still want an EA opinion on pricing, which is their prerogative, but since the OP has already sold their house I can see no merit in delaying a direct approach.

Ja_s_mon

Mickey666 said:

"We have however become aware of a gentleman who is looking to sell his house in the new year. The issue we have is that I have no idea what the approx value is."

Firstly, I'd approach the person in question asap before they appoint an estate agent, because a private sale will save them some money and might persuade them to accept a lower offer.

Secondly, the value of the house will be what the seller is looking for, so again I'd approach them asap.

Of course, they may still want an EA opinion on pricing, which is their prerogative, but since the OP has already sold their house I can see no merit in delaying a direct approach.

Thanks for your reply. This exactly what we have done. However the owner has no idea of what his house is worth as has lived their for 20 odd years. I have suggested a private sale and got a luke warm response. My impression is that he wants to put it on the open market. I might be wrong however