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It means you’ll never be able to lock your garden securely. Working on the house won’t be a problem as you can temporarily reroute it around any works you need to conduct.
If it no longer runs anywhere and is just access, you might be able to have the public right of way removed which would allow lockable access gates just for the neighbours who need to retain right of access. You’d need a lawyer to look into that.
This picture should provide the gist- the bridleway runs through the gardens in this block of houses
I'm not concerned about ramblers or horses, but what restrictions are in place if I want to work on the house and garden