Forum Topic

Does CPZ increase property values?

I've written to our local Councillors yet again about the thorny subject of CPZ on Whitestile Road. Since we moved here over a decade ago, parking has never been easy on our street, but since controlled parking was introduced on Avenue, Enfiled and other neighbouring roads last Autumn, it is nigh on impossible to find a parking space on Whitestile Road, day, night OR weekend.  I've been wondering how this might affect prospective buyers viewing a house on this street, who might be instantly put off by the lack of parking spaces nearby. An informal survey of the Zoopla property comparison site seems to confirm my suspicion. Whitestile's average property value (£434,523) is considerably lower than Avenue Road (£549,858) and Darwin Road (£501,814) and is even lower than Enfield Road (£446,931) which has arguably smaller properties. Does anyone out there have any data to support or dispell this suspicion that CPZ increases house values? And does anyone share my frustration that one year on, parking on Whitestile Road remains unresolved.

Mary A O'Hanlon ● 4303d8 Comments

Remember a CPZ won't automatically guarantee a parking place for every household. I suspect most people in London are used to parking being a bloody nightmare and it will depend on the individual as to how picky they are about parking, if the house is really what they want, where they want it.

Vanessa Smith ● 4282d

I live in Avenue road which backs onto Whitestile Road.Controlled parking here on weekdays has led to much easier access for residents during the day.I now see the students and lecturers from West London Uni exiting Whitestile on foot as they cannot park in the adjacent streets.As most people view properties during the day , the adoption of a CPZ in Whitestile might give a false inpression of the parking situation to prospective purchasers.

David R Rowlands ● 4282d

Surely what Mary is saying is that she can't park in her road because there is no CPZ there, although there is in nearby roads, so it isn't the reverse situation.

Susan Kelly ● 4302d

Well a lot of people who don't have cars probably wouldn't care, we had the reverse situation here, nightmare parking and frightened to go out on a Rugby match day in case you couldn't get back let alone park. Hey presto match day CPZ which really has transformed things, I don't think we'd be without it now.

Vanessa Smith ● 4303d

If I were going to view a house and it was obvious that parking was a real problem in the road, then that would certainly influence my decision.

Susan Kelly ● 4303d

I don't think a CPZ would make any difference to the house prices on Whitestile Road. However, I do think it will be introduced after the next consultation as the situation is becoming intolerable for residents now (as everyone knew it eventually would).It needs something with controlled am/pm/evening/weekend periods.Prices on Whitestile are very healthy. A 3 bed terrace went for 570,000 last summer; ditto with a loft room went for a staggering 665,000 last year (these are Windmill Road end - I think that makes a difference).

Bob Crongle ● 4303d

Estate Agents will tell you whatever they think you want to hear.

Paul Scullion ● 4303d

I would have thought it will decrease the values but no doubt local estate agents can tell you.

Steve Taylor ● 4303d