Garage 5 Picasso Way, Goya Rise, Shoeburyness, Southend-on-Sea, Southend-on-Sea

Description

Garage investment: freehold single lock-up garage located in a block within a residential area with a potential rental income of £75–£100 per calendar month. Located in an established residential area, this single lock-up garage is considered to have a potential rental income of around £75 to £100 per calendar month. The unit is Freehold and is fitted with an up-and-over door and is offered with vacant possession upon completion.

Accommodation

Single lock-up garage fitted with an up-and-over door.

Location

Located in an established residential area, in a block within a residential area.

Tenure / Property Information

Investment Analysis

The £9,500 guide is the only available garage-specific pricing evidence and is used as a guide-proxy base value, not a formal valuation. The sold comparables are houses and are not relevant to garage valuation. Advertised rental evidence supports £75–£100 pcm, but no garage sale comparables or capitalisation evidence is provided.

Investment Snapshot

Strategy Recommendation

Consider only as a small buy-to-let asset if inspection confirms usable condition and local demand. Do not rely on BRRR or flipping assumptions.

Works Required

No refurbishment works are evidenced. Inspect the up-and-over door, access and general condition before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance against the £9,500 guide-proxy value would provide approximately £7,125, leaving £2,375 before finance, tax and unknown purchase fees. Refinanceability is uncertain for a single garage.

Buy-to-Let Analysis

At £75–£100 pcm, gross annual rent is £900–£1,200, implying 9.47%–12.63% gross yield against the £9,500 guide. Net yield cannot be established because fees, insurance, maintenance, voids and tax are unknown.

Flip Analysis

No garage resale comparables or selling-cost allowance are supplied, so a reliable flip surplus cannot be calculated. The residential sold comparables are not suitable evidence.

Investor Risks & Due Diligence

• The guide price is not a formal valuation.

• The supplied rental figures are advertised or estimated rather than achieved rents.

• Buyer and administration fees are unspecified and excluded from calculations.

• No garage-specific sold comparables are provided.

• Condition, access, security and demand are not independently evidenced.

• Refinance terms for this asset type are uncertain.

Recommendation

Consider only as a small buy-to-let asset if inspection confirms usable condition and local demand. Do not rely on BRRR or flipping assumptions.

Strategy Rating

Analysis Confidence

Rent guidance and tenure are available, but there are no garage sale comparables, formal valuation, fee schedule, condition report or verified achieved rent.