Parking Space at 99 Mile End Road, Tower Hamlets, London, E1 4UH

Description

A Vacant Single Parking Space Situated Within a Securely Gated Location. The property comprises a vacant parking space, situated within a securely gated location.

Accommodation

Single parking space.

Location

Situated on a residential road close to local shops and amenities. Mile End Park is within easy reach. Transport links are provided by Whitechapel underground (Circle and Elizabeth lines) and overground stations.

Tenure / Property Information

Investment Analysis

The supplied Land Registry comparables are flats/maisonettes at the same address, not parking spaces, so they do not support a value for this lot. No parking-space sale comparables or rental evidence are supplied. The £5,000–£15,000 guide is auction guidance only and cannot be treated as market value. The long lease, peppercorn ground rent and secure gated setting are positive stated features, but parking rights, service charges, restrictions and transfer provisions should be checked in the legal pack.

Investment Snapshot

Strategy Recommendation

Treat as a specialist parking-space purchase for personal use or a speculative resale/letting opportunity only. Do not bid on an investment case until parking-specific valuation, demand and legal-pack evidence are obtained.

Works Required

No refurbishment works are evidenced. Confirm the precise space allocation, access arrangements, gate/security operation, condition, service-charge liability and any use or letting restrictions through the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR analysis is not supportable because there is no evidenced GDV, rent, refurbishment budget or finance-cost information. The lease length is stated as approximately 143 years with a peppercorn ground rent, but lease terms and charges still require legal review.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rent and yield cannot be established. A single parking space may have letting potential, but no supported income assumption can be made.

Flip Analysis

A resale analysis is not supportable. The supplied sold comparables are flats/maisonettes rather than parking spaces, and no selling-cost allowance or parking-space valuation evidence is provided.

Investor Risks & Due Diligence

• The supplied sold comparables are flats/maisonettes and are not reliable evidence for parking-space value.

• No sufficiently specific rental evidence or passing rent is available.

• Buyer/admin costs include a stated £1,800 inc VAT admin charge, while further disbursements and other charges may apply.

• The legal pack should confirm the exact parking-space rights, access, security arrangements, service charges, restrictions and transfer requirements.

• The auction guide is a range rather than an independent valuation and the winning price is uncertain.

Recommendation

Treat as a specialist parking-space purchase for personal use or a speculative resale/letting opportunity only. Do not bid on an investment case until parking-specific valuation, demand and legal-pack evidence are obtained.

Strategy Rating

Analysis Confidence

The lot description and lease headline terms are supplied, but there are no relevant parking-space comparables, rental evidence, service-charge details, or supported valuation and cost assumptions.