Callowside, Ewyas Harold, Hereford, HR2 0HX

Description

An opportunity to purchase two blocks of garages, each comprising 6 garages, located within a residential area. The property offers a future investment opportunity or redevelopment potential and has car access.

Accommodation

Two blocks of garages, each comprising 6 garages

Location

Residential location in Ewyas Harold, Hereford.

Tenure / Property Information

Tenure	Freehold
Occupancy	Vacant possession
Parking	Car access
Services	No services connected.

Investment Analysis

The asset comprises two blocks of six garages, offered with vacant possession and freehold title. The supplied sold comparables are residential terraced houses at Callowside, not garages, so they do not support a garage market value or residential redevelopment GDV. The guide range is £20,000–£30,000, but no supported rental evidence, condition assessment, refurbishment allowance, planning evidence or buyer costs are provided.

Investment Snapshot

Guide Price

£20,000-£30,000

Strategy Recommendation

Treat as a due-diligence-led garage investment opportunity only. Do not rely on residential comparables or redevelopment potential until rental demand, condition, access, title and planning feasibility are confirmed.

Works Required

No specific works are supported by the evidence. Due diligence should establish the condition of both garage blocks, access arrangements and any required repairs before bidding. Any redevelopment would require separate planning and feasibility investigation.

Rental & Market Context

No sufficiently specific external rental comparable identified.

Sold Comparables

The following completed sales were identified within approximately 5 miles:

14, Callowside, Ewyas Harold, Hereford, Herefordshire, Hr2 0hx 2022-05-10 · Terraced · Freehold	£168,500
14, Callowside, Ewyas Harold, Hereford, Herefordshire, Hr2 0hx 2016-12-09 · Terraced · Freehold	£134,500
15, Callowside, Ewyas Harold, Hereford, Herefordshire, Hr2 0hx 2005-01-10 · Terraced · Freehold	£127,500
15, Callowside, Ewyas Harold, Hereford, Herefordshire, Hr2 0hx 2004-06-04 · Terraced · Freehold	£91,000

Potential BRRR Position

BRRR cannot be underwritten from the supplied evidence. There is no supported acquisition scenario, refurbishment budget, rental value or refinance valuation. Residential redevelopment potential is mentioned in the description but is not confirmed by planning or valuation evidence.

Buy-to-Let Analysis

A BTL assessment cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The garages may offer rental potential, but income, voids, operating costs and yield cannot be quantified from the evidence.

Flip Analysis

A flip appraisal cannot be established. The residential sold comparables are not directly comparable to garage blocks, and no supported garage resale value, redevelopment GDV, works budget or selling allowance is provided.

Investor Risks & Due Diligence

• No sufficiently specific rental comparable or rent estimate is supplied.

• The supplied sold comparables are residential terraced houses and may not represent garage values.

• Redevelopment potential is described but is not supported by planning or feasibility evidence.

• The condition and repair requirements of the garage blocks are not provided.

• Buyer, administration and other auction costs are not provided.

• Access and title arrangements should be verified before bidding.

Recommendation

Treat as a due-diligence-led garage investment opportunity only. Do not rely on residential comparables or redevelopment potential until rental demand, condition, access, title and planning feasibility are confirmed.

Strategy Rating

HB Rating

★★☆☆☆

Analysis Confidence

Confidence

Low

The evidence confirms the freehold garage accommodation, vacant possession and guide range, but provides no directly comparable sales, rent, condition, works, planning, fees or supported end value.