Average cost of an annual permit is £64, but some motorists pay 10 times more, research shows
Estate agent in popular Cornish town is confident all the spaces will be snapped up for the asking price
Properties in resident parking zones in the UK can take twice as long to sell as homes with off street provision, particularly in some of the biggest cities, new research has found.
An analysis of property sales data for the last 12 months shows that properties with off-street parking provision take on average just 25 days to sell compared to 50 days for properties in areas where parking restrictions exist.
Highlighting the parking permit postcode lottery in different parts of the country, the survey conducted by Quick Move Now reveals that lack of parking availability in the North West is the main motivation for moving to a new property as 34% of vendors in this area opt to sell up and move home due to parking concerns.
Less than a fifth of new build properties in London include a parking space in the purchase price, compared to 67% for other major cities, new research has found.
And this may because they are unaffordable as a parking space with a new home in London adds to the price for a buyer, which can be up to 13% on the price of the property.
However, it appears that restrictions from developers often mean only those purchasing two or more bedroom properties even have the option of buying a parking space.
Arguments over whether to ban parking on pavements nationwide have raged for more than 40 years. Could new proposals finally end them?
A narrow lane running behind a row of houses in South Kensington has been sold for more than £200,000, despite the new owner not being allowed to build on it.
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