Garage & Land to rear of 12 Elizabeth Street, Goldthorpe, Rotherham S63 9NA

Description

A plot of land housing a single detached garage. Potentially suitable for owner occupiers, investors or developers seeking further development or expansion subject to the necessary consents being obtained. The property may offer potential yield as a single lock-up garage.

Accommodation

Single detached garage

Location

Situated to the rear of Elizabeth Street, Goldthorpe, amongst other properties of a similar style, with access to the town centre and its shops and facilities. Goldthorpe is positioned for access to the motorway network and the cities of Doncaster and Sheffield.

Tenure / Property Information

Investment Analysis

The supplied sold comparables are terraced houses and are not reliable evidence for valuing a single detached garage and its land. No garage or land valuation evidence is provided. The £1,000 guide is therefore not independently supported as market value. The £1,800 buyer administration charge is significant relative to the guide, with further possible disbursements and legal costs.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, inspecting the garage, confirming access and boundaries, and obtaining local garage rental or valuation evidence. Do not rely on the supplied house comparables.

Works Required

No specific works are evidenced. Inspect the garage and land, confirm access and boundaries, and obtain any required consents before considering improvement or development.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is unsupported because no garage valuation, rental evidence, refurbishment budget or refinance value is available. The administrative charge and possible additional costs materially affect viability at this guide price.

Buy-to-Let Analysis

BTL cannot be assessed reliably. The only rental evidence is a £191 pcm asking rent for a three-bedroom house, not a garage, and no garage rent estimate is supplied. A gross yield cannot therefore be established.

Flip Analysis

A flip analysis cannot be quantified. The house comparables do not establish the resale value of this garage and land, and no supported development or selling-cost evidence is provided.

Investor Risks & Due Diligence

• The £1,800 administration charge is higher than the £1,000 guide price.

• Further disbursements, searches, seller costs, legal fees or transfer fees may be payable.

• Potential development or expansion is subject to necessary consents.

• Tenure and any applicable ground rent or service charge require legal-pack verification.

• No reliable garage rental evidence is supplied.

• The supplied sold comparables are houses rather than garages or land.

Recommendation

Proceed only after reviewing the legal pack, inspecting the garage, confirming access and boundaries, and obtaining local garage rental or valuation evidence. Do not rely on the supplied house comparables.

Strategy Rating

Analysis Confidence

The evidence provides no comparable garage sales, garage rent, condition detail, dimensions, development consent, or complete acquisition-cost schedule.