Double Yellow Lines

Gycraig

Happened to us we bought a new build was told park anywhere as long as it’s sensible and an ambulance can fit down. 

Year later people from the council realised it was basically a free carpark so started ditching their cars to the point people couldn’t even get a car through half the time. 

Now we have yellow lines everywhere and only 6 parking bays you can use for 2 hours a day. 

Great fun for us with two cars. 

movilogo

Any road which is council owned i.e. public, can have yellow lines painted at anytime. This is a risk if you have a car and no driveway or allocated parking. This is why houses with parking/driveway cost more.

km1500

Button83 said:

I'm highly offended as both of us are northerners

Why? There is nothing wrong with being Scottish .

[Deleted User]

Section62 said:

Button83 said:

Yep that would be another £100k at least on the property search.  thanks for your message 

I guess you'd get quite a bit more for the £100k than just a parking space though?

The point is that you can't control what you don't own (and even what you do own isn't always under your full control).

Very much depends, £100k might only get you parking (and a crappy little garden you may not even want). Or maybe a garage somewhere inconvenient, or an allocated space. In parts of London £100k wouldn't be enough.

diystarter7

[Deleted User] said:

Section62 said:

Button83 said:

Yep that would be another £100k at least on the property search.  thanks for your message 

I guess you'd get quite a bit more for the £100k than just a parking space though?

The point is that you can't control what you don't own (and even what you do own isn't always under your full control).

Very much depends, £100k might only get you parking (and a crappy little garden you may not even want). Or maybe a garage somewhere inconvenient, or an allocated space. In parts of London £100k wouldn't be enough.

Hi

Until people have knowledge about our capital, they would not even dream of at least 100k being added to some places and a lot lot more in others in London as you know.


Thanks

diystarter7

Hi OP

A very interesting question and as your mate found out, they dont show up in searches.

Residents would be consulted as far as I am aware.

Not sure if this question is ever raised.  (A friend bought a house and about a year later they moved the bus stop to the front of their house, clearly devalued it,)  (Imo, if you are buying a house, should ask re any plans for yellow lines, parking restricitons, bus stops, those bt boxes, etc etc)

Thanks

Section62

diystarter7 said:

rigolith said:

Section62 said:

Button83 said:

Yep that would be another £100k at least on the property search.  thanks for your message 

I guess you'd get quite a bit more for the £100k than just a parking space though?

The point is that you can't control what you don't own (and even what you do own isn't always under your full control).

Very much depends, £100k might only get you parking (and a crappy little garden you may not even want). Or maybe a garage somewhere inconvenient, or an allocated space. In parts of London £100k wouldn't be enough.

Until people have knowledge about our capital, they would not even dream of at least 100k being added to some places and a lot lot more in others in London as you know.

I know London fairly well.  The thing is that I can't think of many of those special places in London where a parking space (alone) would add £100k to the value of a property, where the OP's Her/He friend could purchase a property where the on-street parking isn't already restricted.

Or putting it another way, in the places where that sort of premium might be commanded and there aren't already parking restrictions, the prices of property are such that if a difference of £100k in the value is an issue for you then the price of the property is likely to be beyond your means full stop.

I would cite the southern portion of the Bishop's Avenue N2 as an example of somewhere that on-street parking remains unrestricted and property values would support £100k for a parking space alone. (the northern portion is in a controlled parking zone).  If you are looking to shave off £100k this isn't the street for you.

Using your knowledge of London, can you tell us about these other streets with unrestricted parking and big-number property values?  It would be interesting to do a comparison.

YoungBlueEyes

Silence came the stern reply.