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Garage at 25 Elm Tree Close, Selsey, Chichester, West Sussex, PO20 0SQ
Marketed by:
Auction House London
1a, 5 Hampstead Gate, London NW3 6AL, UK
020 7625 9007
Vacant Freehold Single Garage in Selsey
Garage at 25 Elm Tree Close, Selsey, Chichester, West Sussex, PO20 0SQ
Sold
£2,000+
• Garages
• Freehold
• Vacant
Description
A Vacant Single Storey Lock Up Garage. The lot 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 East Beach are within easy reach. Transport links are provided by Chichester rail station.
Tenure / Property Information
Tenure |
Freehold |
Occupancy |
Vacant |
Services |
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. |
Investment Analysis
The property is a vacant single-storey lock-up garage. The supplied sold comparables are terraced houses on Elm Tree Close and are not suitable evidence for valuing a garage. No garage-specific sold or rental evidence, formal valuation, GDV, or refurbishment budget is provided. The £2,000–£10,000 guide is not a market valuation. The known admin charge is £1,800 including VAT, with possible additional disbursements and special-condition charges.
Investment Snapshot
Guide Price |
£2,000 - £10,000 (plus fees) |
Strategy Recommendation
Do not bid on the supplied evidence alone. Obtain garage-specific sold evidence, inspect the asset and review the legal pack and all additional charges before setting a maximum bid.
Works Required
No specific defects or works are evidenced. The garage should be inspected and the legal pack reviewed for title, access, repair obligations and any required works before bidding.
Rental & Market Context
|
No sufficiently specific external rental comparable identified. |
|
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
24, Elm Tree Close, Selsey, Chichester, Chichester, Po20 0sq |
£285,000 |
|
25, Elm Tree Close, Selsey, Chichester, Chichester, Po20 0sq |
£185,000 |
|
31, Elm Tree Close, Selsey, Chichester, Chichester, Po20 0sq |
£290,000 |
|
16, Elm Tree Close, Selsey, Chichester, Chichester, Po20 0sq |
£240,000 |
|
14, Elm Tree Close, Selsey, Chichester, Chichester, Po20 0sq |
£275,000 |
Potential BRRR Position
A BRRR analysis cannot be supported because there is no garage-specific GDV, rent, refurbishment budget or refinance valuation evidence. The residential house sales should not be used as a proxy for the garage's value.
Buy-to-Let Analysis
No sufficiently specific rental comparable or auctioneer rent estimate is supplied, so rent and yield cannot be established. The property is vacant and the £1,800 admin charge is known, but possible additional costs remain unspecified.
Flip Analysis
A flip surplus cannot be calculated. The supplied comparable sales are terraced houses rather than garages, and no supported resale value, works allowance or selling-cost allowance is provided.
Investor Risks & Due Diligence
• The supplied sold comparables are residential terraced houses and may not indicate garage value.
• No sufficiently specific rental evidence is available, so income and yield cannot be assessed.
• The £1,800 admin charge is payable, while further disbursements and special-condition charges may apply.
• The garage's physical condition, access arrangements and legal title details are not supplied.
• There is no supported resale valuation or refurbishment allowance for calculating a flip or maximum bid.
Recommendation
Do not bid on the supplied evidence alone. Obtain garage-specific sold evidence, inspect the asset and review the legal pack and all additional charges before setting a maximum bid.
Strategy Rating
HB Rating |
★☆☆☆☆ |
Analysis Confidence
Confidence |
Low |
Evidence confirms the garage's tenure, vacancy, guide range and admin charge, but provides no relevant garage comparables, rent, condition budget, GDV or complete purchase-cost schedule.
Auction Details :
Auction House London
Auction Date :
07/10/26
Lot Number :
230A
Property Location:
Garage at 25 Elm Tree Close, Selsey, Chichester, West Sussex, PO20 0SQ
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