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How much does adding a parking space add to the value of the property?

How much does added a parking space add to the value of the property? We have 4 flats, 6 off street parking bays and 8 cars between us. I have a bit of land outside our master bedroom window which i'm considering turning into a parking bay. Would this add value to the property or detract due to having less privacy with a parking bay immediately outside one of the bedroom windows? I would only do it on the basis it was my bay and nobody else would use it.

Asked on Jul 18 2017, Transport in Lewes | Report content

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  • As this is a flat, are you sure you own the land outside?

    Answered on Jul 19 2017, Report content
  • Hi - it would really depend on the demand for parking in your local area. If people generally struggle to find a car parking spot close to the flats then it could be worthwhile. It´s hard to quantify how much value would be added, particularly as it could cause some disruption.

    Answered on Jul 21 2017, Report content

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