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How much value would a garden add to my flat?

I am thinking of opening communication with the owner of the flat above my property. They currently own the small plot of front garden to our period property. I am at basement level and access to my flat is via steps going through the front garden to my front door. Currently, my property has no outside space other than that of the steps and small porch area to my property and so I think it would be a great addition for me as it is also not of interest to my neighbors I think due to its location by my front door and so it is never used by my neighbor and they say they have no interest in using it. Is there any guide as to how much value the front garden would add to my property if at all? I guess the reason for the question would be to estimate a buying price if it was to progress that far. The area cannot be developed on and is approximately 5m x 5m. Please ignore any legal fees as I will account for this separately. Thanks

Asked on Apr 29 2013, Home Improvement in Bristol | Report content

Answers (3)

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  • Look at the price of similar garden flats in your local area, have a local agent come round and value with and without the garden.

    Answered on May 2 2013, Report content
  • I think a garden would add a significant value to the flat and also make it more desirable, both when it comes to sale and to renting. Outside space, particularly in London, commands a premium. An estate agent would be able to give you a rough idea and you could also speak to a surveyor to get a more accurate appraisal. Ultimately, it depends on what the owner of the flat above wants for the plot of land. If they are unsophisticated, they might accept a token amount, or they might be unrealistic in what they want. If you have some comparables and information from professionals, you can use those to reach an agreement with them and ensure that you do not pay over the odds.

    Web reference:

    Answered on May 5 2013, Report content
  • Thought be careful they may say yes its fine but unless its on paper it doesn't matter

    Answered on Oct 1 2013, Report content

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