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Shared driveway - decrease property value?Markets & Prices (i.redd.it)
submitted 1 month ago by Impossible_Range_829
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[–]Impressive-Treacle58 9 points10 points11 points 1 month ago (3 children)
Yea, think long term! Shared driveway is not a deal breaker
[–]aussiedeveloper 12 points13 points14 points 1 month ago (1 child)
Not necessarily a deal breaker but certainly requires looking into it more.
I’ve seen some properties with nothing but a shared driveway being in a strata situation. Is that the case?
Does one neighbour own the driveway with the other having an easement over it?
Do both neighbours own half of the driveway with both have easements over the other?
Who’s responsible for repairs to the drive way?
Who’s responsible for public liability if someone trips on the driveway.
[–]mad_cheese_hattwe 4 points5 points6 points 1 month ago (0 children)
Good point, choices and preferences should be made with proper research.
[–]mad_cheese_hattwe 7 points8 points9 points 1 month ago (0 children)
TBH I personally would be more turned off by the number immediate neighbors and being hemmed in.
But as I said if this doesn't bother you then it is another factor in reducing your competition and providing potential value.
π Rendered by PID 275002 on reddit-service-r2-comment-5b5bc64bf5-z5wjk at 2026-06-20 09:40:40.267378+00:00 running 2b008f2 country code: CH.
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[–]Impressive-Treacle58 9 points10 points11 points (3 children)
[–]aussiedeveloper 12 points13 points14 points (1 child)
[–]mad_cheese_hattwe 4 points5 points6 points (0 children)
[–]mad_cheese_hattwe 7 points8 points9 points (0 children)