Garage Block @ Cranhams Lane, Cirencester, Gloucestershire, GL7 1UA

Description

Freehold rank of 4 single garages with parking/forecourt immediately in front. The 5th garage in the rank is not included and is privately owned. The garages have scope for investment or break up and individual resales. The site has scope for residential development subject to gaining the necessary consents.

Accommodation

Rank of 4 single garages with parking/forecourt immediately in front.

Location

Cranhams Lane, Cirencester, Gloucestershire. Cirencester is an historic Roman town and thriving market town. The property occupies a desirable situation.

Tenure / Property Information

Investment Analysis

The guide is £20,000–£40,000. The supplied sold comparables are residential houses on Cranhams Lane (£240,000–£372,300) and are not directly comparable to a freehold garage block. No garage sales, rental evidence, development appraisal, planning consent or supported residential GDV is provided, so market value and GDV cannot be reliably estimated.

Investment Snapshot

Strategy Recommendation

Treat as a speculative garage/land opportunity only after confirming title, access, boundaries, condition, demand and planning feasibility. Do not rely on the supplied house comparables to justify a residential GDV.

Works Required

No specific physical works are evidenced. Due diligence should establish garage condition, access, boundaries, services and the feasibility of any individual disposals or residential development, with planning consent required for development.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR analysis cannot be completed without supported rental income, refurbishment costs and an evidence-based GDV. Refinance at 75% of GDV is therefore unsupported. Any residential or break-up strategy depends on title, access and the necessary consents.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The asset comprises four garages rather than residential accommodation, so any income assessment would require garage-specific rental evidence.

Flip Analysis

A flip surplus cannot be calculated. The supplied house comparables do not establish a resale value for the garages or a consented development. No works budget or supported selling allowance is provided.

Investor Risks & Due Diligence

• Residential development is only described as a possibility and is subject to obtaining the necessary consents.

• The fifth garage is privately owned, creating a need to verify boundaries, access and any rights affecting the four included garages.

• No garage-specific rental or sales evidence is supplied.

• Physical condition, services and repair requirements are not evidenced.

• The £1,500 plus VAT buyer premium is payable on exchange, in addition to the purchase price.

• The £6,800 security deposit is required during registration, with its treatment needing confirmation from the auction terms.

Recommendation

Treat as a speculative garage/land opportunity only after confirming title, access, boundaries, condition, demand and planning feasibility. Do not rely on the supplied house comparables to justify a residential GDV.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, vacancy, garage accommodation, guide range and buyer premium, but provides no directly comparable sales, rent, condition, works budget, planning position or supported GDV.