Garage 11 Hilltop Court, 345 Grange Road, Selhurst, London, SE19 3BX

Description

A Vacant Single Storey Lock Up Garage. The property comprises a single storey lock up garage.

Accommodation

Single storey lock up garage

Location

The garage is situated on a residential road close to local shops and amenities. The open spaces of Grangewood Park are within easy reach. Transport links are provided by Thornton Heath rail station.

Tenure / Property Information

Investment Analysis

The only supplied completed sale is £120,000 at the wider Hilltop Court, 345 Grange Road address in July 2019, classified as “Other”. It is not confirmed as the same garage or a directly comparable unit, and there is no current valuation evidence. Accordingly, a defensible current GDV cannot be established. The £5,000+ guide appears attractive in isolation, but the £1,800 administration charge and possible additional legal, search, transfer and disbursement costs materially affect the entry price.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Only reconsider after confirming the legal title, exact comparable garage sales, local garage demand and all completion charges; otherwise treat as an unpriced speculative purchase.

Works Required

No specific defects or refurbishment requirements are disclosed. Allow for inspection, securing and any basic maintenance only if identified, 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

A BRRR strategy cannot be underwritten because there is no supported current GDV, rent, refurbishment budget or refinance valuation. The known minimum acquisition outlay is £6,800 at the £5,000 guide plus the £1,800 administration charge, before other possible fees.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is provided, so rent and gross yield cannot be established. The vacant garage may have letting potential, but demand and achievable rent are unverified.

Flip Analysis

A flip surplus cannot be calculated. The £120,000 2019 sale is not confirmed as this garage and is too limited to support a current resale value. Resale liquidity and buyer demand are unverified.

Investor Risks & Due Diligence

• The only comparable is a 2019 sale classified as “Other” and is not confirmed as the subject garage.

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

• Condition and any required works are undisclosed.

• The £1,800 administration charge is payable and additional search, legal, transfer and other disbursement costs may apply.

• Current market value, resale demand and financeability are unverified.

Recommendation

Do not bid on the current evidence alone. Only reconsider after confirming the legal title, exact comparable garage sales, local garage demand and all completion charges; otherwise treat as an unpriced speculative purchase.

Strategy Rating

Analysis Confidence

Evidence is limited to a guide price, one historic non-specific completed sale and no rental, condition, valuation or refurbishment-cost evidence.