Garages and Land at Regent Street, Stowmarket, Suffolk, IP14 1RJ

Description

Eighteen Single Storey Lock Up Garages and Allotments Situated on a Substantial Plot of Land Measuring Approximately 1,282 sq m (13,800 sq ft) Part Let Producing £1,200 Per Annum

Accommodation

Eighteen single storey lock up garages and allotments situated on a substantial plot of land measuring approximately 1,282 sq m (13,800 sq ft).

Location

The site is situated on a residential road close to local shops and amenities. The open spaces of King’s Meadow Recreation Ground are within easy reach. Transport links are provided by Stowmarket rail station.

Tenure / Property Information

Investment Analysis

No direct sold evidence for garages, allotments or development land is supplied. The five Regent Street comparables are houses and are not reliable indicators of this site's value. The £40,000+ auction guide is the only supplied price evidence. Development value cannot be established without planning, access, services, title and legal-pack evidence.

Investment Snapshot

Strategy Recommendation

Treat as a cautious income-hold opportunity only if the legal pack confirms the income, occupation arrangements, title, access and permitted use. Do not underwrite development or resale value from the supplied house comparables.

Works Required

No specific refurbishment or development works are evidenced. The property comprises garages and allotments; any maintenance, clearance or improvement allowance would require inspection and further evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be supported because no GDV, refurbishment budget, development evidence or refinance valuation is supplied. At the guide plus the known administration charge, the documented acquisition cost is £41,800 before disbursements and any works.

Buy-to-Let Analysis

The supplied income is £1,200 per annum, equivalent to £100 per calendar month. Against the £40,000 guide this indicates a 3.00% gross yield; including the known £1,800 administration charge, the cost becomes £41,800 and the gross yield is 2.87%. This excludes disbursements, maintenance, vacancy and other ownership costs. No external rental comparables are available.

Flip Analysis

A flip surplus cannot be calculated because no supported GDV, development potential, works allowance or selling-cost allowance is available. The supplied house sales are not appropriate evidence for valuing this garage and land site.

Investor Risks & Due Diligence

• The stated income relates to a part-let property and may not represent income from all 18 garages and allotments.

• No external rental comparables or evidence of achievable vacant or fully let income is supplied.

• The supplied sold comparables are residential houses rather than garages, allotments or development land.

• Planning status, development potential, access, services and permitted use are not evidenced.

• Additional disbursements and other charges may be payable under the legal pack and special conditions.

• The low gross yield leaves limited apparent margin before maintenance, vacancy and other ownership costs.

Recommendation

Treat as a cautious income-hold opportunity only if the legal pack confirms the income, occupation arrangements, title, access and permitted use. Do not underwrite development or resale value from the supplied house comparables.

Strategy Rating

Analysis Confidence

The guide, tenure, site area and stated income are supplied, but there is no direct comparable evidence, rental evidence beyond the stated letting, planning information, condition report, development evidence or complete purchaser-cost information.