Garages to the rear of 55-63 Jeffreys Road, Cressing, Braintree, Essex

Description

A freehold parade of 5 garages, offered with vacant possession. Includes land associated to the front and side of the garages.

Accommodation

Approximate areas have been provided by the VOA/Vendor/EPC. The property has not been internally inspected by Savills. Photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.

Location

Cressing is approximately 3 miles south-east of Braintree and approximately 42 miles north-east of the City of London. The property is in a primarily residential area close to Cressing Rail Station. Nearby retailers include a Nisa Local & Post Office and a One-Stop convenience store. Transport links include Cressing railway station, the A120, A131 and A12.

Tenure / Property Information

Investment Analysis

The only directly relevant comparable is Garage 9, Jeffreys Road, sold freehold for £10,000 in May 2025. Applying that benchmark to five garages indicates an estimated aggregate resale value of approximately £50,000. No reliable low/high valuation range is supported because the garages have not been internally inspected, dimensions are approximate and the site boundary is illustrative.

Investment Snapshot

Strategy Recommendation

Only consider bidding after confirming the legal title, exact land included, garage condition and achievable rental income. At the £30,000 guide, the comparable suggests potential value, but the rental estimate is too unsubstantiated to support a BTL or BRRRR decision.

Works Required

No specific works are evidenced. The property has not been internally inspected, so any repairs, clearance or security works require inspection and quotation before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £30,000 guide, the direct single-garage comparable implies approximately £50,000 aggregate value and a theoretical 75% refinance of £37,500. However, refurbishment costs, finance costs, fees and achievable income are unsupported, so cash left in and equity cannot be reliably calculated.

Buy-to-Let Analysis

The auctioneer estimates rent at £50,000 per annum, equivalent to £4,166.67 pcm, producing a theoretical 166.67% gross yield against the £30,000 guide. This estimate is not passing rent and no tenancy evidence is supplied, so the yield should not be relied upon without independently verifying achievable garage rents and occupancy.

Flip Analysis

A £50,000 base resale estimate is indicated by the £10,000 comparable for one garage multiplied across five garages. A supported flip surplus cannot be calculated because works, selling costs and other acquisition costs are not provided. The limited comparable evidence and uninspected condition materially reduce confidence.

Investor Risks & Due Diligence

• The garages have not been internally inspected and condition is unknown.

• Photos and yellow-line drawings may not show the exact site boundary.

• The £50,000 annual rent is an auctioneer estimate rather than passing rent or achieved rental evidence.

• Only one directly relevant garage sale is supplied for valuation benchmarking.

• Buyer, administration, finance and selling costs are not supplied.

• The estimated value assumes all five garages are comparable with the single garage sale and ignores any differences in size, access or condition.

Recommendation

Only consider bidding after confirming the legal title, exact land included, garage condition and achievable rental income. At the £30,000 guide, the comparable suggests potential value, but the rental estimate is too unsubstantiated to support a BTL or BRRRR decision.

Strategy Rating

Analysis Confidence

There is one directly relevant completed sale and a guide price, but no internal inspection, reliable rental evidence, detailed dimensions, confirmed boundaries, works budget or buyer/admin fee information.