.png)
Garage at Chestnut Court, 14 Lancaster Road, South Norwood, London
Marketed by:
Auction House London
1a, 5 Hampstead Gate, London NW3 6AL, UK
020 7625 9007
Vacant Leasehold Lock-Up Garage, South Norwood
Garage at Chestnut Court, 14 Lancaster Road, South Norwood, London
For Sale
£10,000+
• Garages
• Leasehold
• Vacant
Description
A Vacant Single Storey Lock Up Garage. The property 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. The open spaces of South Norwood Lake & Grounds are within easy reach. Transport links are provided by Crystal Palace station rail station.
Tenure / Property Information
Tenure |
Leasehold |
Lease |
The property is held on a 199 year lease from 25th December 1968, thus approximately 141 years unexpired. |
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 only relevant completed-sale evidence is a £19,000 Land Registry sale at the same address in May 2015, recorded as “Other” and repeated three times. The £292,500 and £315,000 sales are flats and are not applicable. The 2015 garage evidence is too dated to establish a current GDV, while the £10,000+ guide is not a valuation.
Investment Snapshot
Guide Price |
£10,000+ (plus fees) |
Strategy Recommendation
Do not bid on investment yield assumptions. Consider only after inspecting the garage and reviewing the legal pack, including title, lease covenants, service charges, transfer fees and any restrictions on use or resale.
Works Required
No refurbishment defects or required works are stated. Confirm condition, access, door, roof, security, services and any lease restrictions through inspection and the legal pack before bidding.
Rental & Market Context
|
No sufficiently specific external rental comparable identified. |
|
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
Chestnut Court, 14, Lancaster Road, London, Croydon, Se25 4ah |
£292,500 |
|
Chestnut Court, 14, Lancaster Road, London, Croydon, Se25 4ah |
£315,000 |
|
Chestnut Court, 14, Lancaster Road, London, Croydon, Se25 4ah |
£19,000 |
|
Chestnut Court, 14, Lancaster Road, London, Croydon, Se25 4ah |
£19,000 |
|
Chestnut Court, 14, Lancaster Road, London, Croydon, Se25 4ah |
£19,000 |
Potential BRRR Position
A BRRR assessment is not supportable without a current garage valuation, rent, refurbishment budget, lease terms, service charges, restrictions and finance assumptions. The known £1,800 buyer administration charge is payable in addition to the purchase price; other legal-pack charges may also apply.
Buy-to-Let Analysis
No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rent and yield cannot be established. The property is vacant and leasehold, with approximately 141 years stated to remain.
Flip Analysis
Potential resale cannot be quantified reliably. The only relevant evidence is the same-address £19,000 completed sale from 2015, which is too old to establish a current resale value. No supported selling-cost allowance is available.
Investor Risks & Due Diligence
• No current market valuation or sufficiently recent garage comparable is supplied.
• No rental evidence or auctioneer rent estimate is available, so yield cannot be calculated.
• The £1,800 administration charge is known, but additional legal, search, seller-cost, transfer and disbursement charges may apply.
• Lease covenants, service charges, transfer requirements and permitted use are not provided.
• Physical condition, access, security and suitability for letting or resale are not evidenced.
Recommendation
Do not bid on investment yield assumptions. Consider only after inspecting the garage and reviewing the legal pack, including title, lease covenants, service charges, transfer fees and any restrictions on use or resale.
Strategy Rating
HB Rating |
★★☆☆☆ |
Analysis Confidence
Confidence |
Low |
Evidence is limited to a vacant garage description, lease summary, guide price, one dated and duplicated relevant sale record, and no rental, condition, current comparable or legal-cost detail.
Auction Details :
Auction House London
Auction Date :
11/11/26
Lot Number :
177
Property Location:
Garage at Chestnut Court, 14 Lancaster Road, South Norwood, London
View our Property Calculators:
-
BRRR Calculator - Estimate your potential returns after refurbishment and refinancing.
-
Buy to Let Calculator - Calculate rental yield, cash flow and potential return.
-
Property Development Calculator - Assess development costs, GDV and potential profit.
-
Build Cost Calculator - Estimate refurbishment, extension and construction costs.
-
Bridging Finance Calculator - Estimate borrowing costs and potential finance requirements.
Building Suppliers in your area
Tradespersons in your area
Professionals in your area
More Auction Properties from:
Auction House London
Image | Property Title | Price | Postcode | Location | Auction Date | Status |
|---|---|---|---|---|---|---|
A Vacant Two Bedroom Mid Terrace House | £98,000 | BL6 | Lancashire | 29/05/2025 | Sold | |
A First Floor Three Room Maisonette Subject to an Assured Shortho | £80,000 | DA1 | Kent | 29/05/2025 | Sold | |
A Plot of Land Measuring Approximately 0.2 Acres / 809 sq m / 8,7 | £1,000 | CT9 | Kent | 29/05/2025 | Sold | |
A Vacant Three Bedroom Mid Terrace House | £26,000 | TS2 | Redcar & Cleveland | 29/05/2025 | Sold | |
An End of Terrace Building Arranged to Provide Two Flats Fully Le | £66,000 | TS18 | Redcar & Cleveland | 29/05/2025 | Sold | |
A Well Located Raised Ground Floor Room, Subject to a Tenancy Pro | £52,000 | SW1V | London - Westminster | 29/05/2025 | Sold | |
A Plot of Land Measuring Approximately 0.05 acres (1,969 sq ft). | £22,000 | DL17 | County Durham | 29/05/2025 | Sold | |
A Seventh Floor Studio Flat Subject to an Assured Shorthold Tenan | £8,000 | BD1 | West Yorkshire | 29/05/2025 | Sold | |
A Vacant Three Bedroom Semi Detached House | £75,000 | FY5 | Lancashire | 29/05/2025 | Sold | |
A Vacant Second Floor One Bedroom Flat | £87,000 | BN11 | West Sussex | 29/05/2025 | Sold | |
A Plot of Land Measuring Approximately 1,243 sq m (13,376 sq ft) | £12,000 | WA7 | Cheshire | 29/05/2025 | Sold | |
A Fourth Floor Studio Flat | £237,000 | SE1 | London - Southwark | 29/05/2025 | Sold |