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What to buy - a house or a car parking space?


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The car parking space has been dropped by 140k in a year, so represents and even better investment now. Could this be part of one of the properties and it is being sold of to raise some cash 

 I'm wondering how to value something like that,  something like yield on rental value. NCP  Hyde Park is £27 a day card rate, seems a 25yr  mortage on that space would be about the same per day...numbers don't seem to add up? 

 

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The car parking space lease is only for 81 years - the flat has an 181 year lease.

Imagine buying a parking space for £210k and not being able to leave it to the grandkids as the lease only has a few years left?

Or you could buy a 3 bed detached overlooking greenfields in the town ranked one of Britain's  best places to live for £200k - and spend the extra £10k on a car. The property is also nearer to a station and an airport than the other two!

https://www.rightmove.co.uk/property-for-sale/property-87184127.html

Edited by MARTINX9
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4 hours ago, MARTINX9 said:

The car parking space lease is only for 81 years - the flat has an 181 year lease.

Imagine buying a parking space for £210k and not being able to leave it to the grandkids as the lease only has a few years left?

Or you could buy a 3 bed detached overlooking greenfields in the town ranked one of Britain's  best places to live for £200k - and spend the extra £10k on a car. The property is also nearer to a station and an airport than the other two!

https://www.rightmove.co.uk/property-for-sale/property-87184127.html

Hope you bring thick socks in the move.

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5 hours ago, Locke said:

Hope you bring thick socks in the move.

Nairn has a micro climate so is relatively mild for north Scotland - the biggest problem there is aggressive seagulls nesting and sh*****g everywhere and even dive bombing women and their babies!

https://www.inverness-courier.co.uk/news/more-culls-on-the-way-to-ease-inverness-gulls-menace-114874/

https://www.pressandjournal.co.uk/fp/news/highlands/1631863/nhs-buildings-under-attack-from-pests-including-bats-seagulls-and-mice/*

Edited by MARTINX9
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  • 417 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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