Manor Road Garage Site, Manor Road, Mile Oak, Tamworth, B78 3NB

Description

A Freehold 0.24 acre site comprising a rank of 20 single garages with up-and-over doors. The garages have scope for investment or break-up and individual resales. The site has scope for residential development subject to gaining the necessary consents.

Accommodation

20 single garages with up-and-over doors

Location

Manor Road, Mile Oak, Tamworth, Staffordshire

Tenure / Property Information

Investment Analysis

The site comprises 20 garages on approximately 0.24 acres. The supplied sold comparables are residential houses on Manor Road, ranging from £195,000 to £262,500, with an average of £216,100, but they do not establish the value of this garage site or any residential development GDV. No planning consent, residential scheme, garage income, condition report or directly comparable land evidence is supplied. A reliable GDV, refurbishment budget, rent or maximum bid cannot therefore be calculated.

Investment Snapshot

Strategy Recommendation

Treat as a planning-led garage-site acquisition only after legal, access, condition and planning due diligence. Do not rely on the residential comparables or bid above a separately verified land value.

Works Required

No specific works are evidenced. The garages should be inspected for condition, functionality of the up-and-over doors and any required repairs, with rights of way reviewed in the legal pack. Residential redevelopment would require the necessary consents, which are not confirmed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be underwritten from the supplied evidence. There is no supported garage rent, refurbishment budget, planning consent, residential GDV or refinance valuation. Any refinance assumption would be speculative.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is a vacant garage site rather than a confirmed residential rental asset. The stated £1,800 buyer premium including VAT would be payable on exchange at the guide price, before any other acquisition or project costs.

Flip Analysis

A flip or development resale surplus cannot be calculated. The residential sold comparables provide local context only and do not evidence the value of this garage site. Planning status, a defined scheme, build costs, professional costs, finance costs and selling costs are absent.

Investor Risks & Due Diligence

• Residential development is only described as having scope subject to obtaining the necessary consents; no consent or scheme is supplied.

• The supplied sold comparables are residential houses and are not directly comparable to the garage site.

• No sufficiently specific rental evidence or passing income is supplied.

• The condition of the 20 garages and up-and-over doors is not evidenced.

• Rights of way are noted and require review in the legal pack.

• The buyer premium of £1,800 including VAT is payable on exchange at the stated guide price, with other acquisition and project costs not supplied.

Recommendation

Treat as a planning-led garage-site acquisition only after legal, access, condition and planning due diligence. Do not rely on the residential comparables or bid above a separately verified land value.

Strategy Rating

Analysis Confidence

The evidence confirms the site size, garage count, tenure, vacancy and guide-related buyer premium, but provides no direct value, rent, condition, planning, development-cost or resale evidence.