Garage Space 1, Napier Court, Ranelagh Gardens, Hurlingham

Description

Situated close to local shopping/travelling facilities available on Putney High Street including Putney Bridge Underground Station (District Line). Hurlingham Park is also nearby. A Parking Space. Leasehold for a term of 99 years from 25th March 1978, thus having approximately 51 years unexpired, at a ground rent of £3,300 plus VAT per annum. To be offered without reserve.

Accommodation

A Parking Space.

Location

Situated close to local shopping/travelling facilities available on Putney High Street including Putney Bridge Underground Station (District Line). Hurlingham Park is also nearby.

Tenure / Property Information

Investment Analysis

The supplied sold comparables are flats/maisonettes at Napier Court, not parking spaces, so they do not support a market value for this leasehold parking space. No parking-space sales or sufficiently specific rental evidence are supplied. The approximately 50–51 years remaining and £3,300 plus VAT annual ground rent are material valuation considerations, but no supported GDV or maximum bid can be calculated.

Investment Snapshot

Strategy Recommendation

Do not bid on financial assumptions from the supplied evidence alone. Proceed only after reviewing the legal pack and obtaining a specific parking-space valuation, with particular focus on the lease term, ground rent and any seller fees.

Works Required

No refurbishment works are identified in the supplied description. The principal diligence is review of the lease, parking-space rights, ground-rent provisions and auction special conditions.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be supported without a parking-space value, rent, finance assumptions or refinance evidence. The approximately 50–51-year unexpired lease and substantial ground rent would require careful legal and valuation review before considering acquisition.

Buy-to-Let Analysis

BTL analysis is not applicable or supportable because the asset is a parking space and no specific rental evidence or auctioneer rent estimate is supplied. No rental yield can therefore be established. The £3,300 plus VAT annual ground rent is a significant known holding cost.

Flip Analysis

A flip surplus cannot be calculated. The supplied comparables are flats rather than parking spaces, and no parking-space resale evidence, selling allowance or supported GDV is provided. The short remaining lease and high ground rent may constrain resaleability, subject to valuation and legal review.

Investor Risks & Due Diligence

• The lease has approximately 50–51 years unexpired, with an inconsistency between the stated figures.

• Ground rent is £3,300 plus VAT per annum, materially affecting ownership economics.

• The supplied sold comparables are flats/maisonettes and are not directly comparable to a parking space.

• The seller may charge additional fees under the special conditions, but those fees have not been supplied.

• No rental evidence or auctioneer rent estimate is available, so income and yield cannot be assessed.

Recommendation

Do not bid on financial assumptions from the supplied evidence alone. Proceed only after reviewing the legal pack and obtaining a specific parking-space valuation, with particular focus on the lease term, ground rent and any seller fees.

Strategy Rating

Analysis Confidence

The property description and lease costs are provided, but there are no directly comparable parking-space sales, rental evidence, supported valuation, condition details, or complete seller-fee information.