Garage 30 at Blackabrook Avenue, Princetown, Yelverton, Devon, PL20 6RH

Description

A Vacant Single Storey Lock Up Garage. The lot 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. There are numerous green open spaces that are within easy reach. Transport links are provided by the A38 to the east.

Tenure / Property Information

Investment Analysis

The supplied sold comparables are houses on the same road, not garages, so they do not support a garage valuation. No garage-specific completed sales, rental evidence, dimensions, condition or use information is provided. The £1,000+ guide is therefore not evidence of market value. The known minimum guide price plus administration charge is £2,800 before any buyer premium, special-condition costs or other disbursements.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain and review the legal pack, inspect the garage, establish garage-specific sold and rental evidence, and confirm all buyer and special-condition costs before considering a bid.

Works Required

No specific works are supported by the evidence. Before bidding, inspect the garage and confirm its dimensions, structure, door, roof, security, access and any legal restrictions or required repairs.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supportable on the evidence. There is no garage GDV, rental figure, refurbishment budget or refinance valuation. The known guide price and administration charge total £2,800 before other possible costs, but the underlying value and exit finance are unverified.

Buy-to-Let Analysis

BTL cannot be assessed because no sufficiently specific garage rental evidence or auctioneer rent estimate is supplied. A buyer premium may also be payable, and the administration charge is £1,800 including VAT.

Flip Analysis

A flip surplus cannot be calculated because there is no garage-specific resale evidence, GDV, refurbishment allowance or supported selling-cost allowance. The house comparables cannot be used as a resale proxy for this garage.

Investor Risks & Due Diligence

• No garage-specific completed-sale comparables are supplied.

• No rental evidence or passing rent is supplied, preventing yield analysis.

• Dimensions, condition, access, services and physical defects are not provided.

• Buyer premium is unspecified and special-condition fees, seller-cost reimbursements, legal fees, transfer fees and disbursements may apply.

• The £1,800 administration charge is material relative to the £1,000+ guide price.

• The supplied sold comparables are houses and may not reflect the value of a garage.

Recommendation

Do not bid on the current evidence alone. Obtain and review the legal pack, inspect the garage, establish garage-specific sold and rental evidence, and confirm all buyer and special-condition costs before considering a bid.

Strategy Rating

Analysis Confidence

The asset is clearly identified as a vacant freehold lock-up garage, but there is no garage-specific value, rent, condition, size, refurbishment or full-cost evidence. The supplied comparables are residential houses and are not suitable valuation evidence.