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Shared Access - Impact on Sale Price

PeterCu · 2017-10-09 10:09:28

Does anyone have experience of the impact of a shared access driveway on the potential sale value of a house? I am the executor for the sale of a house which currently shares a driveway with a neighbour. I know that provision of private access to the property is possible, but it will involve cost, delay and possible…

09-10-2017 10:09AM

#1
PeterCu

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Join Date: March 2008

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Does anyone have experience of the impact of a shared access driveway on the potential sale value of a house?

I am the executor for the sale of a house which currently shares a driveway with a neighbour. I know that provision of private access to the property is possible, but it will involve cost, delay and possible dispute and I am trying to decide if there is any benefit in commencing that process.

Has anyone knowledge of a similar situation and of any lessons they learned, particularly if any potential buyers saw the shared access as a disadvantage or as a justification for a lower sale price?

Tagged:

access

right of way

probate

selling price.

0

Comments

#2 09-10-2017 10:30AM

Askthe EA

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It depends, shared access is quite common in housing estates and rural sales. As long as the correct right of way is in place, I cant see it causing any issues for the sale.

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