Properties with parking permits take twice as long to sell

PARKING PERMITS

When is comes to selling a house, parking permits are a bigger concern to buyers than crime or problem neighbours!

Our latest property survey has suggested that properties with parking permits are a bigger concern than crime, distance to work and neighbours when it comes to selling a house, and, in up to a third of cases, parking availability is the main motivation for moving to a new property.

The North West was revealed as the area of the country where buyers are most likely to move due to parking concerns, with 34% of households deciding to sell up and move house because of parking issues.

This is little surprise when you consider the postcode parking permit lottery that sees Manchester City Council charging more than twelve times the national average for residential parking permits.

Whilst the national average cost of a residential on-street parking permit will set you back just under £60 per year, an annual on-street parking permit in Manchester will set you back a whopping £750!

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Why do properties with parking permits take longer to sell?

A recent survey by The AA confirms our findings, suggesting that almost 1 in 4 drivers in London put off making car journeys in order to avoid losing their parking space and almost 20 per cent of drivers nationally say they ‘always worry’ about being able to find a parking space as they approach their home.

Danny Luke, Quick Move Now’s Managing Director, commented:

With no guarantee of being able to park outside, or even near, their property, and a postcode lottery determining the cost of on-street parking permits, parking is a real issue for UK home owners.

While it’s an inconvenience for many home owners, issues with being able to secure an on-street parking space near their property can make many homes completely inappropriate for families with young children or older home owners who are beginning to struggle with mobility.

This becomes an even more significant problem when you consider the current UK property shortage.

11 most expensive places to buy a parking permit:

  1. Manchester City Council – £750
  2. Birmingham City Council – £750
  3. London Borough of Islington – £434
  4. Mole Valley Council – £350
  5. Solihull Metropolitan Borough Council – £275
  6. London Borough of Hackney – £265
  7. London Borough of Lambeth – £260
  8. Sevenoaks District Council – £250
  9. Forest Heath District Council – £250
  10. London Borough of Brent – £218
This content was written by Quick Move Now
Published on 10th March 2016
Last updated on 3rd September 2018

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