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Last Updated: Friday, 9 May, 2003, 16:51 GMT 17:51 UK
Extra features boost house prices
A pay and display parking machine
Homeowners with off-street parking can save

House hunters are willing to pay tens of thousands of pounds extra for homes with special features, according to new research from Bradford & Bingley Estate Agents.

Garages and car parking spaces are homebuyers' most sought after extra. In London, houses with garages can fetch an extra �50,000.

In other major British cities, off-street parking can add up to �20,000 to the value of a house, falling to �10,000 in villages.

Outside space is also important for potential house buyers, with gardens boosting house prices by about �20,000.

For homebuyers with young children, proximity to good local schools came high on the list of priorities. House-hunting families were willing to pay a premium of 10% for homes in the right school catchment area.

Homebuyer 'Must haves'
1 Parking space
2 Garden
3 Good local school
Bradford & Bingley

Good links to public transport were the fourth most sought-after feature among potential buyers, while having a dining room in which to entertain visitors, came fifth. Each of these features could add up to �20,000 to the value of a home.

"Our research does show that if you are fortunate enough to have at least one of the priorities on a buyer's wish list, you may be able to ask a premium for your home," said Gary Verity of Bradford & Bingley Estate Agents.




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