Garages and Land to the Rear of 41 Jeymer Drive, Greenford, Middlesex, UB6 8NS

Description

Two Large Garages/Storage Units Situated on Plot of Land Measuring Approximately 100 sq m (1,076 sq ft). The lot comprises two garages/storage units situated a plot of land measuring approximately 100 sq m (1,076 sq ft).

Location

The land is situated on a residential road close to local shops and amenities. The open spaces of Horsenden Hill are within easy reach. Transport links are provided by Greenford underground station (Central line) and rail station.

Tenure / Property Information

Investment Analysis

The lot comprises two garages/storage units on approximately 100 sq m of freehold land. The supplied sold comparables are residential houses on Jeymer Drive and are not sufficiently comparable to value this land and garage asset. No planning permission, development potential, condition, rental evidence or specialist land valuation is supplied. The guide range is £20,000–£60,000, but an evidence-supported GDV or maximum bid cannot be established. The £1,800 inc VAT administration charge is known; further disbursements and special-condition charges are unspecified.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, confirming title/access and investigating planning and alternative-use potential. Do not rely on the nearby house comparables or bid above a separately supported land valuation.

Works Required

No specific works are evidenced. Inspect the two garages/storage units and land, and verify boundaries, access, services, structural condition, title matters and any required repairs through the legal pack and survey.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supportable on the supplied evidence. There is no residential accommodation, rent, GDV, planning consent, refurbishment budget or refinance valuation. Development potential and lender acceptability would need to be established before considering this strategy.

Buy-to-Let Analysis

A BTL assessment cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied, and the asset is described as garages/storage units rather than residential accommodation. Any rental use, demand and permitted use would require verification.

Flip Analysis

A flip analysis cannot be reliably calculated. The nearby house sales, ranging from £475,000 to £545,000, relate to terraced and semi-detached houses and do not establish the value of this 100 sq m garage/land lot. No supported resale value, planning uplift or selling-cost allowance is available.

Investor Risks & Due Diligence

• Planning or alternative-use potential is not supplied or established.

• The residential sold comparables are not directly comparable to the garage and land asset.

• Condition of the garages, land and any structures is unknown.

• Access, boundaries, services and title restrictions require legal-pack verification.

• Additional disbursements and seller or legal charges may be payable under the special conditions.

• No rental evidence is available, so income and yield cannot be assessed.

Recommendation

Proceed only after reviewing the legal pack, confirming title/access and investigating planning and alternative-use potential. Do not rely on the nearby house comparables or bid above a separately supported land valuation.

Strategy Rating

Analysis Confidence

The evidence confirms freehold tenure, approximate land area, two garage/storage units, guide range and one known administration charge, but provides no applicable land comparables, planning information, condition assessment, rent, GDV or complete fee schedule.