By Marc von Grundherr
Feb 04, 2026, 05:21 AM IST
In cities like London, parking spaces are scarce and highly valued, often seen as a premium feature
A dedicated parking space increases tenant demand and makes your property more appealing to renters with cars
Homes with parking often sell faster and can achieve a higher resale price compared to those without
If your tenant doesn’t need it the space can often be rented separately providing extra income flexibility
Where parking isn’t viable, features like cycle storage or car-club access can still attract modern urban renters
If budget allows, adding a parking space is a strong long-term asset boosting both rental appeal and future value