How much does a car park add to the value of a properly, in a well-to-do Melbourne suburb such as Prahran or South Yarra?
I see them available for lease for between $100-$200/mo (depending on security and cover), which would be $30k-$60k over the length of a 25 year loan. Is than a fair guide to what they’re worth when part of an apartment, and how much cheaper the apartment can be expected to be if there’s no car park?
Rowan.
Hi Rowan
I car park will add value – garage better the amount I do not know.
Ask a few REA in those areas, check sales in those area’s compare no carpark / car partk sale prices.
Try the real Estate institute site, or ask a friendly REA for them.
Celeste
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