Garage at 25 Elm Tree Close, Selsey, Chichester, West Sussex, PO20 0SQ

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

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

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

Sold Comparables

The following completed sales were identified within approximately 5 miles:

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

Analysis Confidence

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.