How much is a driveway worth? The premium buyers say they would pay
Daily MailHaving a driveway could boost a property's value by up to 10% More than half of homeowners are willing to pay a premium to buy a home with a driveway, research claims. With on-road parking becoming ever more congested, around one in four people said they would be willing to stump up an extra £1,000 to £5,000 to secure a home with a driveway, according to research by parking space sharing website YourParkingSpace. Driveway to heaven: Around one in four people would be willing to stump up an extra £1,000 to £5,000 to secure a home with a driveway, research suggests Andy Syrett, managing director of YourParkingSpace, told This is Money: 'The importance of having a driveway for homeowners is clear to see from our study. Toby Leek, President of NAEA Propertymark, told This is Money: 'As more and more people take to the road and drive, as well as the increase in EVs needing charging spots, this comes with an increased demand to secure their car parking space when returning home which is also noticeable in the decline in demand for flats and apartments.
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