Garage 31 at Blackabrook Avenue, Princetown, Yelverton, Devon, PL20 6RH

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. 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 Blackabrook Avenue and are not sufficiently comparable to a single lock-up garage. No garage-specific completed sale, rental evidence or auctioneer rent estimate is provided, so market value and GDV cannot be reliably estimated. The £1,800 inc VAT administration charge means the guide-price purchase would already represent at least £2,800 before any other disbursements, but the eventual purchase price is unknown.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain garage-specific valuation or rental evidence, inspect the asset and review title, access, boundaries and legal-pack costs before setting a maximum bid.

Works Required

No specific defects or required works are evidenced. Confirm the garage structure, door, roof, security, access, services, boundaries and any maintenance obligations through inspection and the legal pack before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten because there is no supported garage GDV, rent, refurbishment budget or refinance valuation. Residential house sales should not be used as a proxy for garage value.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific garage rental evidence or passing rent is supplied. The fixed £1,800 administration fee is material relative to the £1,000+ guide, with buyer premium and possible legal disbursements also unspecified.

Flip Analysis

A flip surplus cannot be calculated. The supplied residential house comparables do not establish a resale value for this garage, and no selling-cost allowance or project budget is provided.

Investor Risks & Due Diligence

• Residential house comparables are not sufficiently comparable to the garage.

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

• The £1,800 inc VAT administration fee is payable and buyer premium is unspecified.

• Other legal-pack disbursements may become payable but are not quantified.

• Condition, access, boundaries, services and any title restrictions are not evidenced.

• The final auction purchase price is unknown because the guide is £1,000+.

Recommendation

Do not bid on the current evidence alone. Obtain garage-specific valuation or rental evidence, inspect the asset and review title, access, boundaries and legal-pack costs before setting a maximum bid.

Strategy Rating

Analysis Confidence

The asset description and tenure are clear, but there is no garage-specific sales evidence, rental evidence, condition assessment, GDV, refurbishment budget or confirmed total acquisition-cost schedule.