Land and Garage at 19 Albion Road, Gravesend, Kent, DA12 2SR

Description

A Vacant Single Storey Lock Up Garage Situated on a Plot of Land Measuring Approximately 88 sq m (947 sq ft)

Accommodation

The lot comprises a single storey lock up garage situated on a plot of land measuring approximately 88 sq m (947 sq ft).

Location

The garage is situated on a residential road close to local shops and amenities. The open spaces of Gordon Gardens are within easy reach. Transport links are provided by Northfleet rail station.

Tenure / Property Information

Investment Analysis

The supplied sold comparables are semi-detached houses and are not directly comparable with a vacant single-storey garage on an 88 sq m plot. No garage sales, land transactions, planning consent, development evidence or formal valuation has been supplied. A GDV or supported maximum bid cannot therefore be established. The £20,000+ guide is an auction guide, not a market valuation.

Investment Snapshot

Strategy Recommendation

Do not bid on an investment or development assumption without legal-pack review, structural inspection, planning due diligence and independent evidence of garage or land value. Treat the guide as unverified for this asset type.

Works Required

No specific defects or refurbishment requirements are evidenced. Inspect the garage structure, roof, doors, services, boundaries and access, and obtain any required surveys before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR analysis is unsupported because there is no evidenced refurbishment budget, applicable rental valuation, development consent or GDV. The 75% refinance figure cannot be calculated. The £1,800 administration charge is known, but other possible disbursements and purchaser costs are unspecified.

Buy-to-Let Analysis

The supplied £900 pcm asking rent relates to a one-bedroom property and is not evidence for renting this garage. No applicable garage rent or passing rent is supplied, so rental yield and BTL viability cannot be established.

Flip Analysis

A flip appraisal cannot be supported. The nearby house sales range from £337,500 to £395,000 but do not value this garage or plot. No planning permission, proposed scheme, development costs or selling allowance is supplied, so estimated flip surplus is unavailable.

Investor Risks & Due Diligence

• House sale comparables are not directly applicable to the garage and land.

• No planning permission, permitted development position or development potential is evidenced.

• The garage condition, structural integrity, services, access and boundaries are not described.

• Other disbursements, search fees, seller costs, legal fees and transfer fees may be payable but are not quantified.

• No applicable rental evidence or passing rent is supplied.

Recommendation

Do not bid on an investment or development assumption without legal-pack review, structural inspection, planning due diligence and independent evidence of garage or land value. Treat the guide as unverified for this asset type.

Strategy Rating

Analysis Confidence

Evidence confirms tenure, vacancy, plot size, guide price and an administration charge, but lacks directly comparable sales, applicable rent, condition, planning information, development costs and complete purchaser charges.