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Residents parking effect on house prices

I live in an area with unrestricted parking, but most of the roads around have residents parking and meters- all the roads closer to the nearby busy train station do. There is a question about introducing meters etc on my street and I'm wondering about the effect on house prices. Area is East Croydon. Lots of development nearby means parking is likely to get even more scarce soon. So I'm inclined to back the idea. But would it put off potential buyers, or are they likely to see it as a plus? (or see difficult parking as a minus)? Thoughts very welcome.

Asked on Jan 13 2016, House Prices in London | Report content

Answers (2)

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  • Depends how bad parking is now compared to what it will be like with residents' parking. I live in an area of central London with residents' parking. It's a plus for me because I can usually find a parking space 20 yards from my door and it costs about 100 pa. But I am planning a move to the country, I am wary of buying any property without private parking, and always check carefully both the costs and occupancy rate of any residents' parking scheme

    Answered on Jan 14 2016, Report content
  • Hello! If you get a resident’s permit, I’d back it.

    Answered on Jan 26 2016, Report content

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