Warrington revealed as the UK’s most affordable town for homes with off-street parking

0

A new study has revealed Warrington is the UK’s most affordable town for homes with off-street parking which can add up to 10% to the value of your property.

With this in mind, Nationwide Vehicle Contracts have created an off-street parking index to reveal which UK towns and cities have the most affordable houses with off-road parking.

As off-street parking can add value to a property, this means houses with the feature tend to be more expensive and in demand. In fact, 84% of home buyers state they wouldn’t buy a house without a driveway, according to Porcelain Superstore.

So to avoid the hassle of tedious searching, Nationwide Vehicle Contracts looked into the areas within the UK are the best places to live if off-street parking is a feature you desire!

To find the most affordable homes with off-street parking, four factors were analysed for the UK’s 40 most populated towns and cities:
Number of houses for sale in the city
The percentage of houses for sale with a garage
The percentage of houses for sale with a driveway
Average price of a house with off-street parking

Combined and weighted, they produce an overall ‘off-street parking score’ out of 100.

The research found Warrington has the most affordable homes with off-street parking, scoring 89 out of 100 on the index. This large town is the best place to find your dream home where you can park your vehicle safely in a driveway or garage. The average house price in Warrington is £161,604 with off-street parking. Out of the 276 houses for sale, 46% come with a garage and 58% with a driveway. With a population of 165,456, you will need to act fast to secure your dream home with off-street parking in this town.

Coming in second place was Dudley, with an impressive score of 88 out of 100. Out of the homes for sale in this area, 50% come with garages and 60% with driveways. If that wasn’t captivating enough, Dudley also offers the average house price at only £213,000 with off-street parking.

Mansfield rounds off the top three, with an off-street parking score of 87 out of 100. With the average house price being £268,189, the most expensive out of the top 3, 57% come with a garage and 64% with a driveway.

How much value does off-street parking add to a property?
After looking into the sale price of properties with parking and speaking with landscape experts, Nationwide Vehicle Contracts can estimate that laying a driveway can add up to 10% to the value of a property.

Not only is it great to have somewhere to park your car safely off the road, but it can also make your driveway attractive – complementing your home and making it easier to sell.

Keith Hawes, Director of Nationwide Vehicle Contracts commented: “Buying a house can be a daunting task. Many search high and low to find the perfect home that comes with everything they desire, including a suitable place to park their vehicle. The problem is, it can be very expensive, difficult and time-consuming to find a house that also comes with off-street parking.
Given that the vast majority of cars spend most of the time stationary, off-street parking is a big desire when buying a house for safety, peace of mind and insurance costs.

“That said, parking as a whole is an issue in many places across the UK, especially in busy cities and with council restrictions increasing, so it’s only natural for home buyers to want off-street parking for their car”


0 Comments
Share.

About Author

Experienced journalist for more than 40 years. Managing Director of magazine publishing group with three in-house titles and on-line daily newspaper for Warrington. Experienced writer, photographer, PR consultant and media expert having written for local, regional and national newspapers. Specialties: PR, media, social networking, photographer, networking, advertising, sales, media crisis management. Director Warrington Chamber of Commerce Patron Tim Parry Johnathan Ball Foundation for Peace. Trustee Warrington Disability Partnership. Former Chairman of Warrington Town FC.

Leave A Comment