House Valuation and School Parking Restrictions

[Deleted User]

Ja_s_mon 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

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

I, regularly, visit a house that has these same restrictions and i am always seeing parents completely ignore those road markings, the parents have very little regard for the homeowners there 😡

It's been heard, on more than 1 occasion, when asking the cars owners to please move away from the drive and dropped kerb ......  "well what do you expect if you buy a house here ?"
😡😡😡

AdrianC

Ja_s_mon said:

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

Of course.

You have a vested interest in trying to get it before the market, so that it's a bit cheaper... Right?

Well, his vested interest is exactly the opposite, of course. He wants to maximise the sale price...

LudaMusser

It will put some buyers off yes but there’ll also be some who aren’t concerned. I live near a school and when I’m at work I don’t see the kids and cars as I’m gone before and back after.  Our house is two streets away so cars aren’t an issue. It’s when I have a day off I see how chaotic 1,000+ children walking to school is, seems to go on for hours 

Ja_s_mon

A little bit of update. Re the above ive been to view the house from the outside. The parking restrictions aren't in place today, so owner parked outside. Gauging it's value is extremely tricky. Two similar properties sold for 380k last year. But don't have restrictions and we're fully modernised inside. They are also 4 bed 1930s detached houses. With this in mind I'm thinking the property would be valued around 330-340k. As it allegedly needs new windows, kitchen and central heating. This coupled with parking/proximity to the school. Would suggest a 10-15% less value than the other two houses. Plots look similar size etc
Does seem a reasonable assumption? 

MrsPorridge

We lived opposite a school - never again.  We didn't have a drive only onstreet parking.  From 8.15am - 9.15 the parents would double park so we were blocked in again from 2.20 (I kid you not) till 3.30 we were again blocked in with double parking.  When we first moved there both DH and myself were working and didn't realise the problem - was only when I gave up work to have a baby did we suffer and suffer we did.  Same problems on parents evenings and school plays or night time activities at the school.  It was as if the parents thought they had the right to double park for an hour or more at a time.  I would never, ever, live near a school again.

Falafels

I've recently sold a house on a road which was largely inaccessible at school drop-off/pickup time, and I wouldn't do it again. However, my purchaser works in a school somewhere else and reassured me it would be a non-issue for her!

Ja_s_mon

Thanks for your reply, given your experience did the proximity of the school/restrictions?? affect the sale price? 

Mickey666

AdrianC said:

Ja_s_mon said:

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

Of course.

You have a vested interest in trying to get it before the market, so that it's a bit cheaper... Right?

Well, his vested interest is exactly the opposite, of course. He wants to maximise the sale price...

Yep, but a potential purchaser has nothing to lose by asking.  We see a constant strean of non-savvy buyers/sellers on here so who knows how this particular seller will behave?

The seller could always visit a few EAs, say they're thinking of moving and asking what price they should be expecting.  No need to sign a contract to have that sort of discussion.  Or, the OP could even go in and ask the same question.

gwynlas

The seller can and should approach a number of agents for estimated sale price and costs in order to gauge whether he wants to sell through them or not. It is then up to him to decide if he wants to place it on the open market or sell privately.

JGB1955

My son lived opposite a school.  He knew his outlook wouldn't change - there would always be a school there and not a two-storey house or block of flats.  Nice and quiet for 13 weeks of the year.  School drop off and collection didn't trouble him as a 8:30 - 5:30 worker.