Is private parking worth £100k?

[Mrsredlipstick]

I'm trying to decide between two downsizer's cottages. 200 metres apart. One has parking spaces, the other one on road only but directly outside the house.
We have two/three cars.

How many permits will you be able to buy (unlikely to be 3), how many visitor permits can you buy, every tradesman visiting to do work will need one?

Where?

OP if you can afford it I would definitely do it. We are losing the will to live with only having a driveway big enough for one car. You only need some neighbours to have guests for a few nights and it fucks everything and makes it really stressful coming home from work wondering whether or not you will
be able to park your car. We’re in the process of buying another house with a double driveway and I CANNOT WAIT.

I think so in that price bracket, not least because the one without will be very difficult to sell.

If the extra will make a material difference to your standard of living then go for the cheaper option but the one with parking is likely to be a better investment.

What if you change jobs? We know someone who has no parking and insisted he needed a Tesla, thought would be able to put in a drive but couldn’t and now has to charge his car down the road at a local carpark. It’s one of those things that wears thin after a while.

Also and sorry it’s me again but it’s very inconsiderate to your potential new neighbours to move somewhere like this with three cars. You will be taking up far more room than is reasonable.

Person we know above with Tesla lives on narrow street and has to park half on the pavement which is a nightmare for people in wheelchairs or with buggies. You need to make your car situation and house situation compatible with each other and your wider lifestyle.

One of the reasons we moved was together off road parking after a decade of scrambling for parking outside our terrace house. Life is a lot easier with off road parking. Also now got an electric car, can charge overnight on the drive.

@Somersetbaker, Where i am you can have 3. The first one is not too expensive (£75, I think) but the 2nd and 3rd one are. With tradespeople and visitors you use an app but it's limited to something like 300 hrs per year. They can park for an hour without a permit.

Without the permit it would be impossible to park (easy walk to the station). It's not easy a lot of the time because of the number of cars some households have.

We're also somewhere with good transport links to a big airport and I've had people ask me if they can park at mine - they could in theory of they paid for the visitor permit but I say no. It wouldn't be cheap and it's not fair on the neighbours.

That depends on the price of the house and the area, busy London suburb yes, Yorkshire suburb, no.

Our charging is a company perk ( we own the company). But we will pay £7000 per year for the other house. £134 per week? Seems expensive but I don't want parking wars. Residents parking, £64 per year.

I wouldn’t entertain a house that didn’t have parking. Il

You will end up with parking wars. You've got 3 cars. Which is a lot to add to a street which youve said is already busy with day parking. You've got a disability as youve said you may be eligible for a disability bay. This all just seems bonkers that you are even considering the house without parking. You will have so much parking stress!

If you can afford it, go for! So much less stress

I spent 3 months renting a house whilst my house sale went through. (Previously always lived in a house with parking) The problem was that at weekends if you moved your car off anywhere you ended up parking 5-10 minutes away. Come back late at night same scenario. With shopping you ended up lugging 2/3 bags of stuff along the road. How people with kids deal with this scenario - right PIA. It got to the point at weekends whereby impacts your decision making on whether to go out with the car. Personally couldn't live like this permanently. There is a reason why cars with off the road parking are more expensive.

Off-road parking would be a deal breaker for us and we would not entertain any property without it (even moreso where parking restrictions are in force).
If it is a choice between the two then we would definitely pay more for the house with private parking.

There are a whole raft of reasons whether that be convenience, ease with unloading shopping, guaranteed parking, charging, insurance, even just washing the car etc.

I would not consider the house without private parking.

Why are you buying a house intending to sell in 5 years anyway?

This. It's not usually a 5-10 minute walk for me, but I've had to drive round the block 3 or 4 times on many an occasion before I've managed to get a space that's not far down the other end of the street.
Needless to say, if I do end up parking far away it will be tipping it down and I'll have several heavy loads to carry from the car.
I'll walk somewhere if it's less than 2 miles because it is less hassle.

I doubt you’d get 3 badges for parking residence. It’s usually two and in some cases one per household. Off road parking is a premium in cities and would be much more sort after when selling, especially now people want electric car chargers.
I personally would want the off road parking.

With three cars to park, and one person with a disability, the off street parking would be a no brainer for me. You have the expense of permits, inconvenience for any visitors/trades coming to your house, potentially struggling to find a space at times (plus pissing off the neighbours). I think another benefit of a drive is car insurance is often a bit cheaper if you can park off the road.

You can get 3 where I am and it's well within a mile from a tube station.

Lots of places.

But for the OP, are there otherwise any differences in the houses? Size, layout, state of decor, garden etc, nice view. £100k extra on that price if it's just for a parking space sounds a lot, but it will probably be easier to sell although it depends how easy roadside parking is.

If the £64 per year for a parking permit gives you guaranteed space outside your house and the road is wide enough that you don't have to park on the pavement or feel like your car could be damaged by passing traffic, it's not worth £100k just for a driveway, but it might be if it's a narrow, busy road with limited space so you'll struggle to park near your house and it will feel like there's a high chance your car will be damaged by passing traffic.

If the £64 per year for a parking permit gives you guaranteed space outside
Permits are usually introduced because of parking being difficult.
If you park on the street you'll be paying more car insurance.
The £100K isn't just for the driveway, it affects the size of the plot, and look at how many posters are saying they wouldn't buy if there was no off-street parking space.

If you have 2/3 cars one of which is for someone with disabilities I'd rethink the whole thing entirely on cost grounds or go for the one with parking. There's no guarantee that a disabled bay would be agreed or that other people wouldn't park in it.

I would never buy a house without parking if I had the option. Not having parking is so impractical, even just hoovering out your car is a nightmare.

With 3 cars you are likely to really annoy your neighbours, you'll always be blocking peoples houses.

The current owner of cottage 1 has three cars. I currently have a double garage and a parking bay which does get used by others. It is a pita but we would have to up our lending for the second house.