Garage to the Rear of 11 Downview Road, Yapton, Arundel, West Sussex, BN18 0HL

Description

A Vacant Single Storey Lock Up Garage. The property comprises a single storey lock up garage.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Burndell Recreation Ground are within easy reach. Transport links are provided by Ford rail station.

Tenure / Property Information

Investment Analysis

The supplied sold comparables are houses on Downview Road (£285,000–£368,000) and are not suitable evidence of the value of a single lock-up garage. No garage-specific completed sale, valuation, development evidence or directly relevant rental evidence is supplied. The £5,000+ guide is an auction guide, not a market valuation.

Investment Snapshot

Strategy Recommendation

Do not bid on an investment or flip basis without garage-specific comparable evidence, achievable rental evidence and a full legal-pack inspection. Any bid should be limited by independent valuation and confirmed all-in auction costs.

Works Required

No specific repair or refurbishment works are evidenced. Inspect the garage, access, roof, doors, structure, services, title and boundaries before bidding; no works allowance has been assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supportable from the supplied evidence. There is no garage-specific GDV, rent, refinance valuation or refurbishment budget. The known guide and administration charge total £6,800, excluding potentially payable disbursements and other charges.

Buy-to-Let Analysis

BTL viability cannot be established. The only rental evidence is an advertised £1,150 pcm asking rent for houses in Ford, which is not applicable evidence for a single garage. No garage rent or storage income is supplied. At the £5,000 guide, the known guide price plus £1,800 administration charge totals £6,800 before any disbursements or other special-condition charges.

Flip Analysis

A flip surplus cannot be calculated because no garage-specific resale evidence or supported GDV is provided. The house comparables cannot be used to value this garage. Selling costs are also not supplied.

Investor Risks & Due Diligence

• No garage-specific completed sale evidence is supplied, so market value cannot be established.

• No achievable garage rental or storage-income evidence is supplied.

• The £1,800 administration charge is known, but disbursements and other special-condition charges may also be payable.

• Condition, dimensions, access, services, title and boundaries are not evidenced.

• House comparables and the Ford house rental listing may materially misrepresent garage value or income.

Recommendation

Do not bid on an investment or flip basis without garage-specific comparable evidence, achievable rental evidence and a full legal-pack inspection. Any bid should be limited by independent valuation and confirmed all-in auction costs.

Strategy Rating

Analysis Confidence

The property description confirms only a vacant freehold lock-up garage. Relevant garage sales, rents, GDV, condition, dimensions, services and full purchaser costs are absent; the supplied comparables are houses and the rental evidence is for houses.