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Link Attached / Value of Property

naive_2
naive_2 Posts: 42 Forumite
in House buying, renting & selling
Does anyone have any guidance on how being link attached affects the value of a property? We are looking to purchase a currently detatched property but there is a convenant in the deeds which allows our neighbours to build a garage and attach it to our garage (which goes to the boundary) if they want to at any point in the future. We're not opposed to being link attached (although the fact that the property is detached is one of the appealing factors) but we are concerned about how being link attached could affect the value of the house in the future... I hope this makes sense, explanations are not my strong point!

Thanks
N. :confused:

p.s) I see lots of people have viewed this but not responded, even a suggestion about where we might find the answer to the question would be helpful, we haven't got a clue where to start looking!

Comments

  • Squidgy
    Squidgy Posts: 684 Forumite
    Estate agent hubby says it would definately be worth less, probably somewhere between 5 - 8%.

    HTH
    Squidgy x
    It's not WHAT you know, it's WHO you know
  • rach83
    rach83 Posts: 300 Forumite
    I agree with Squidgy I would urge caution!!
  • Mr_Proctalgia
    Mr_Proctalgia Posts: 967 Forumite
    Come on it is a semi now! A bit like trying to say a terraced is a semi on both sides ;)
    The quicker you fall behind, the longer you have to catch up...
  • meanmachine_2
    meanmachine_2 Posts: 2,624 Forumite
    Part of the Furniture Combo Breaker
    A link detached has to be described as such in any instructions.

    It doesn't put me off, as the link is normally two adjoining garages. Therefore it isn't the same as a semi, which has an adjoining living space.

    However your circumstance is unique, so you should definitely negotiate downwards to reflect that - thats if the asking price doesn't already reflect that detail.
  • Mr_Proctalgia
    Mr_Proctalgia Posts: 967 Forumite
    On a more serious note. I have lost count of the number of houses I have delivered to where the garage is a 5 ft deep and the rest has been converted into a family room, gym, kitchen or what have you. I have even seen a couple where there has been a window behind the garage door. (Probably to do with planning controls???) I would still say that two houses touching each other are semi's. Even if legally you could slide a fag paper between them (stucturally detached?) Its all semantics at the end of the day.
    The quicker you fall behind, the longer you have to catch up...
  • sneekymum
    sneekymum Posts: 4,782 Forumite
    If its going to worry you don't buy it.

    Just because something's on the deeds as a right doesn't mean it can or will go ahead.

    Though if you're worried about this then when you come to sell someone else might be too.
    still raining
This discussion has been closed.
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