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How much is a private driveway worth?

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Comments

  • MobileSaver
    MobileSaver Posts: 4,372 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 24 January at 5:59PM
    GDB2222 said:
    we were exploring the situation where the number of cars on the road keeps increasing, without any increase in parking spaces. ... The obvious solution for those areas is to make car ownership less attractive.
    Agreed but increasing vehicle tax penalises everyone everywhere so would be a less than ideal solution.
    Perhaps declare such areas as Limited Parking Zones and charge a daily fee similar to the Congestion Charge for any vehicle entering and staying within the zone for longer than an hour. You could refine it with exemptions to apply to anyone who has their own off-street parking.
    GDB2222 said:
    The alternative seems to be to pave over the remaining green spaces to provide more parking. 
    Yes and possibly directly relevant to the OP is that this is likely to happen more and more in the future.
    Obviously creating more parking spaces costs money so my suggestion to councils would be to charge a higher council tax on properties with no off-street parking. Again this could be refined so that residents who don't own a car get a discount.
    So your plan is to punish people who couldn't afford a driveway with even higher taxes.
    Higher taxes for people who cannot afford a driveway but can afford to own and run a private car and expect to be able to park and use it on public roads? Yes.
    can't ever see that scenario winning votes. 
    MobileSaver Party Manifesto:
    If elected we will create one million new residential parking spaces throughout the UK so that everyone, not just the privileged few, can park outside their own home. Local authorities will be given the powers they need to action and fund this long-overdue levelling-up policy.
    What's not to like? ;)

    Every generation blames the one before...
    Mike + The Mechanics - The Living Years
  • Yorkie006 said:
    Hi,
    I'm looking to buy a house. I have found a few options but want your advice.
    There's a 2 bed semi with a multi-car driveway with asking price of £100,000 and a 2 bed semi without a driveway (nearest on street parking is about 100 yards away from the house, no vehicular access to the house at all, only a pavement) with asking price of £110,000.
    Both houses are in similar area (they're about 10 mins walk away from each other) and in similar state (both need a quite a bit of work but are in a liveable condition). I prefer the house without the driveway (better internal layout in my opinion) and as I don't have a car, lack of parking is not an issue. Obviously, the seller doesn't know this so I'd like to use the lack of parking as an excuse to get a lower price. What do you think is a reasonable offer? How much is a driveway worth? Just for an illustration, similar houses in this area in good condition and with driveways are currently going for around £130,000.
    Thanks for your input!
    Right so buy the cheaper house with the driveway. Turn it into a beautiful rose garden/private beach/rent the parking space to your neighbour.

    Job jobbed.
    Shout out to people who don't know what the opposite of in is.
  • Section62
    Section62 Posts: 10,194 Forumite
    10,000 Posts Fourth Anniversary Name Dropper
    can't ever see that scenario winning votes. 
    MobileSaver Party Manifesto:

    If elected we will create one million new residential parking spaces throughout the UK so that everyone, not just the privileged few, can park outside their own home. Local authorities will be given the powers they need to action and fund this long-overdue levelling-up policy.

    What's not to like? ;)

    I like it too.  But what will happen is councils will take the money to provide the extra parking, create a few extra spaces in streets where it is easy to provide, doesn't cost much, and the extra parking isn't really needed, then divert the rest of the cash into painting some white lines on the road and calling it a safe cycle facility.

    The green space in front of the house the OP is looking at would be a prime candidate for such treatment.
  • Slinky
    Slinky Posts: 11,209 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 2 February 2023 at 10:13PM
    Just saw this thread which reminded me of the value of a private driveway


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  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    1,000 Posts Second Anniversary Name Dropper
    edited 24 January at 5:59PM
    GDB2222 said:
    we were exploring the situation where the number of cars on the road keeps increasing, without any increase in parking spaces. ... The obvious solution for those areas is to make car ownership less attractive.
    Agreed but increasing vehicle tax penalises everyone everywhere so would be a less than ideal solution.
    Perhaps declare such areas as Limited Parking Zones and charge a daily fee similar to the Congestion Charge for any vehicle entering and staying within the zone for longer than an hour. You could refine it with exemptions to apply to anyone who has their own off-street parking.
    GDB2222 said:
    The alternative seems to be to pave over the remaining green spaces to provide more parking. 
    Yes and possibly directly relevant to the OP is that this is likely to happen more and more in the future.
    Obviously creating more parking spaces costs money so my suggestion to councils would be to charge a higher council tax on properties with no off-street parking. Again this could be refined so that residents who don't own a car get a discount.
    So your plan is to punish people who couldn't afford a driveway with even higher taxes.
    Higher taxes for people who cannot afford a driveway but can afford to own and run a private car and expect to be able to park and use it on public roads? Yes.
    can't ever see that scenario winning votes. 
    MobileSaver Party Manifesto:
    If elected we will create one million new residential parking spaces throughout the UK so that everyone, not just the privileged few, can park outside their own home. Local authorities will be given the powers they need to action and fund this long-overdue levelling-up policy.
    What's not to like? ;)

    How do they plan to create parking spaces?

    Allocated spaces outside houses would help, but even that isn't possible with British micro houses in many areas. Some roads are too narrow too.
  • silvercar
    silvercar Posts: 49,898 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    edited 24 January at 5:59PM
    GDB2222 said:
    we were exploring the situation where the number of cars on the road keeps increasing, without any increase in parking spaces. ... The obvious solution for those areas is to make car ownership less attractive.
    Agreed but increasing vehicle tax penalises everyone everywhere so would be a less than ideal solution.
    Perhaps declare such areas as Limited Parking Zones and charge a daily fee similar to the Congestion Charge for any vehicle entering and staying within the zone for longer than an hour. You could refine it with exemptions to apply to anyone who has their own off-street parking.
    GDB2222 said:
    The alternative seems to be to pave over the remaining green spaces to provide more parking. 
    Yes and possibly directly relevant to the OP is that this is likely to happen more and more in the future.
    Obviously creating more parking spaces costs money so my suggestion to councils would be to charge a higher council tax on properties with no off-street parking. Again this could be refined so that residents who don't own a car get a discount.
    So your plan is to punish people who couldn't afford a driveway with even higher taxes.
    Higher taxes for people who cannot afford a driveway but can afford to own and run a private car and expect to be able to park and use it on public roads? Yes.
    can't ever see that scenario winning votes. 
    MobileSaver Party Manifesto:
    If elected we will create one million new residential parking spaces throughout the UK so that everyone, not just the privileged few, can park outside their own home. Local authorities will be given the powers they need to action and fund this long-overdue levelling-up policy.
    What's not to like? ;)

    How do they plan to create parking spaces?

    Allocated spaces outside houses would help, but even that isn't possible with British micro houses in many areas. Some roads are too narrow too.
    In this particular thread, there is a lovely green patch right outside the house that could easily be carved into a few spaces, though it would make it difficult for home owners to then create driveways.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • Section62
    Section62 Posts: 10,194 Forumite
    10,000 Posts Fourth Anniversary Name Dropper
    edited 24 January at 5:59PM
    silvercar said:


    How do they plan to create parking spaces?

    Allocated spaces outside houses would help, but even that isn't possible with British micro houses in many areas. Some roads are too narrow too.
    In this particular thread, there is a lovely green patch right outside the house that could easily be carved into a few spaces, though it would make it difficult for home owners to then create driveways.
    This is the key point in the whole thread.  The issue is that the properties with the green in front of them will probably never be able to have off-street parking.

    The council will almost certainly consider the green triangle to be a community asset, and if it is altered for the provision of parking then they would want the parking to be available to the community rather than to any one individual household.  Converting any part of the green to provide vehicular access to just one property effectively changes a community asset into publicly owned and maintained land which only one household can derive any benefit from.
  • GDB2222
    GDB2222 Posts: 26,462 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    There are green patches round here, and the council would have a major fight on their hands to turn them into parking.

     I guess it depends on the area. 
    No reliance should be placed on the above! Absolutely none, do you hear?
  • tooldle
    tooldle Posts: 1,633 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 24 January at 5:59PM
    GDB2222 said:
    GDB2222 said:
    With so many people living in flats etc, the whole electric car thing will be sorted. You won't need a driveway to charge a car, in the same way as you don't need a stable to keep your horse and cart, or a huge room to keep your videos in. Or a tank for your water. Or a meeting room for a staff meeting. Or a floppy disk. Etc. Space needs to be utilised in a better way so driveways will feel really old fashioned in the future, and a waste of space/resource.
    Look at the parking situation. It's Mad Max in many parts of the country. Far from being sorted, it's actually getting worse.
    Between 2000 and 2020, the number of cars on the road in the uk went up 20%. That trend may change if car pooling becomes more widespread, but there’s no sign of it yet. In the meantime, I guess, parking issues will get worse, not better.
    Typically car pooling involves sharing the journey, not the car, so the number of privately-owned cars wouldn't change. Fuel and wear and tear are shared but each party still needs a car which then needs to be stored/charged/cleaned somewhere such as a driveway. :)

    Where we are, in London, there are services like ZipCar, which is essentially short term car hire. I’m not sure how to describe it, but maybe car pooling was misleading.

    We barely use our car, so if there were lots of these hire cars around we would seriously consider giving up our car entirely. 
    Car club is the term, I believe. Enterprise car club is coming to our city soon and I’ll be joining. 
  • silvercar
    silvercar Posts: 49,898 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    edited 24 January at 5:59PM
    Section62 said:
    silvercar said:


    How do they plan to create parking spaces?

    Allocated spaces outside houses would help, but even that isn't possible with British micro houses in many areas. Some roads are too narrow too.
    In this particular thread, there is a lovely green patch right outside the house that could easily be carved into a few spaces, though it would make it difficult for home owners to then create driveways.
    This is the key point in the whole thread.  The issue is that the properties with the green in front of them will probably never be able to have off-street parking.

    The council will almost certainly consider the green triangle to be a community asset, and if it is altered for the provision of parking then they would want the parking to be available to the community rather than to any one individual household.  Converting any part of the green to provide vehicular access to just one property effectively changes a community asset into publicly owned and maintained land which only one household can derive any benefit from.
    Round here, the council put grid stuff down to allow parking on the grass in some areas, then it waited about a decade. It then put in a CPZ and marked out parking bays and allowed residents to apply for permits to park on the spaces it had created. 
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
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