Garage 11, 62 Oxenden Road, Tongham, Farnham, Surrey, GU10 1AJ

Description

A Vacant Single Storey Lock up Garage

Accommodation

The property comprises a single storey lock up garage.

Location

The garage is situated on a residential road close to local shops and amenities. The open spaces of Farnham Town Centre are within easy reach. Transport links are provided by Aldershot rail station.

Tenure / Property Information

Investment Analysis

The supplied £3,000–£8,000 auction guide is the only garage-specific pricing evidence. The sold comparables are houses on Oxenden Road (£362,500–£510,000) and are not suitable evidence for valuing a single lock-up garage. A reliable market value, GDV or maximum bid cannot therefore be established. The £1,800 inc VAT administration charge is known; any disbursements remain subject to the legal pack.

Investment Snapshot

Strategy Recommendation

Do not bid on a BTL, BRRR or flip basis without garage-specific valuation, rental evidence and legal-pack review. Any purchase should be considered only for a clearly established personal or storage-use objective after confirming title and all completion costs.

Works Required

No specific defects or refurbishment requirements are stated. Allow only for inspection, clearance or minor maintenance if confirmed, but no works budget can be supported from the evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supportable on the supplied evidence. There is no garage-specific GDV, rental income, refurbishment budget or refinance valuation. The known £1,800 administration charge and possible legal-pack disbursements would add to acquisition cost.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is provided, so rent and gross yield cannot be established. The property is a vacant lock-up garage rather than evidenced residential accommodation.

Flip Analysis

A flip surplus cannot be calculated because there is no garage-specific resale evidence, GDV, works budget or supported selling-cost allowance. The nearby house sales should not be used as a resale valuation for this garage.

Investor Risks & Due Diligence

• The supplied sold comparables are houses and do not establish the value of the garage.

• No sufficiently specific rental evidence or passing rent is available.

• The £1,800 inc VAT administration charge materially affects the low-price acquisition economics.

• Additional disbursements may become payable under the legal pack.

• Condition, title and any use or access restrictions cannot be assessed from the supplied evidence.

Recommendation

Do not bid on a BTL, BRRR or flip basis without garage-specific valuation, rental evidence and legal-pack review. Any purchase should be considered only for a clearly established personal or storage-use objective after confirming title and all completion costs.

Strategy Rating

Analysis Confidence

The asset description, tenure, vacancy, guide range and administration charge are supplied, but there is no garage-specific comparable evidence, rent, condition detail, GDV or complete fee schedule.