Beech Gardens Garage Site, Beech Gardens Lichfield

Description

A freehold garage site comprising 28 single garages set within a 0.24 acre site with vehicular access from Beech Gardens. The garages have scope for investment or break up and individual resales. The site has scope for residential development subject to gaining the necessary consents. No planning of this nature has recently been sought, according to the source text.

Accommodation

28 single garages

Location

The site is in Beech Gardens, Lichfield. Lichfield city centre is a short distance away, with shops, restaurants, cafes, supermarkets and Lichfield Cathedral. Transport links include access to the A38, A5 and M6 Toll, with Lichfield City and Lichfield Trent Valley railway stations offering direct routes to Birmingham and London.

Tenure / Property Information

Investment Analysis

The £110,000+ guide is not a formal valuation. The supplied sold comparables are semi-detached houses on Beech Gardens (£120,250 to £210,000), not garage sites or development land, so they do not support a reliable GDV or site value. The description confirms 28 garages on 0.24 acres and potential for residential development, but no recent residential planning has been sought and no planning evidence, garage condition evidence, individual resale evidence or comparable garage-site sales are supplied.

Investment Snapshot

Strategy Recommendation

Treat this as a speculative freehold garage-income or planning-led opportunity only. Proceed beyond the guide only after confirming title, access, garage condition, demand and rental potential, and obtaining planning and development viability advice.

Works Required

No refurbishment works can be reliably specified because the condition of the 28 garages is not provided. Any works budget should follow inspection and could include only evidenced maintenance, clearance or repair requirements. Residential development would require planning consent, which is not currently evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be underwritten from the evidence. No supported GDV, refurbishment budget, residential planning consent, achievable whole-site rent or refinance valuation is available. The residential-development potential remains speculative until planning and viability are established.

Buy-to-Let Analysis

This is not a conventional residential BTL asset. One advertised Lichfield garage rent of £127 pcm is supplied, but there is no evidence that all 28 garages could achieve that rent or that they are lettable in their current condition. Whole-site rental income and yield therefore cannot be established reliably. The £111,800 acquisition-cost figure includes the £110,000 guide and £1,800 buyer premium only, with no works, legal, finance or other costs included.

Flip Analysis

A flip or development resale surplus cannot be calculated. The supplied house sales are not sufficiently comparable to this garage site, and no residential planning permission, scheme, development costs, selling costs or supported site GDV are provided.

Investor Risks & Due Diligence

• Residential development is only described as potential and no recent residential planning application is evidenced.

• The supplied sold comparables are houses rather than garage sites or development land.

• The only rental evidence is one advertised asking rent for a garage, not achieved rent or evidence for all 28 units.

• The condition and repair requirements of the 28 garages are not supplied.

• Individual resale values and buyer demand for the garages are not evidenced.

• The £1,800 buyer premium is payable on exchange and the analysis excludes any unsupported legal, finance, tax, selling or development costs.

Recommendation

Treat this as a speculative freehold garage-income or planning-led opportunity only. Proceed beyond the guide only after confirming title, access, garage condition, demand and rental potential, and obtaining planning and development viability advice.

Strategy Rating

Analysis Confidence

The asset description, guide, tenure, buyer premium and one asking garage rent are supplied, but there is no condition report, comparable garage evidence, planning evidence, development appraisal or whole-site rent evidence.