Garage site at Knaresborough Drive, Huddersfield, West Yorkshire HD2 2PR

Description

Description A freehold site extending to approximately 0.03 acres (102 sq m) and comprising three garages, offered with vacant possession.

The property presents an opportunity for an owner-occupier seeking secure parking or storage accommodation, or for an investor looking to generate rental income from the individual garages.

The site may also offer potential for redevelopment or an alternative use, subject to obtaining the necessary consents. The property is situated in the Birkby area of Huddersfield, close to Knaresborough Drive and Hammerton Road.

Local shops, schools and other amenities are available nearby, with Huddersfield town centre approximately 1.5 miles to the south.

The location benefits from convenient access to the surrounding road network, including the A629, A62 and M62 motorway, while Huddersfield railway station provides regular services to Leeds, Manchester and surrounding destinations.

Site Area Approximately 0.03 Acres (102 Sq M) Tenure Freehold Planning For any pre-application advice, interested parties should consult directly with the Local Planning Authority: Kirklees Council, Princess Street, Huddersfield, HD1 2TT. Telephone: 01484 221 000.

Email: local.development@kirklees.gov.uk Occupancy Vacant possession upon completion

Investment Analysis

Investment Snapshot

Underwriting basis. This is an indicative desktop appraisal. GDV is an estimated post-works/open-market value, not a guaranteed valuation. Comparable research is widened from the same street/postcode to the surrounding market up to approximately five miles where necessary.

Market Comparables

• Specialist asset: working market value is estimated from guide, asset type, income/development potential and local market evidence; midpoint £17,250.

HB estimated GDV: £16,000 low / £17,000 base / £19,000 high. The range reflects comparable quality, condition and the fact that auction stock can trade below normal owner-occupier market value.

Proposed Works

The allowance follows the auction description/visible condition and investor-standard refurbishment scope. It is not a structural survey or contractor quotation.

Strategy & Value Analysis

This is not a conventional single-dwelling BRRR/flip asset. The value case should be assessed using the specialist strategy appropriate to the property—income capitalisation, asset management, planning/development or land value—while still using the market-value range above as an indicative exit benchmark.

Key Risks

Confirm legal title/tenure, occupancy, planning/licensing, service charge/ground rent where relevant, structural condition, utilities, abnormal works and finance terms. Market comparables are indicative and should be refreshed immediately before bidding.