Two Garages and Land to the Rear of, 266 & 268 Tithepit Shaw Lane, Warlingham, CR6 9AQ

Description

Two Freehold Garages and Land on a site area of approximately 3,750 sq ft with further potential subject to the necessary planning consents being obtained.

Accommodation

Two garages and land

Location

Situated to the rear of 266 & 268 Tithepit Shaw Lane, close to the amenities available in Warlingham Village and travelling facilities including Whyteleafe and Upper Warlingham Train Stations. Riddlesdown Common is also nearby.

Tenure / Property Information

Investment Analysis

The lot comprises two freehold garages and approximately 3,750 sq ft of land. The supplied sold comparables are terraced houses and are not sufficiently comparable to value this garage-and-land asset. Any development or alternative use is expressly subject to obtaining the necessary planning consents, and no planning evidence or directly comparable land sales are supplied. At the £50,000 guide, the stated buyer premium would make the known purchase cost £51,500 before any seller fees or other costs.

Investment Snapshot

Strategy Recommendation

Proceed only as a planning-led land and garage acquisition after satisfactory legal, access, title and planning due diligence. Do not rely on the supplied house comparables or assume residential development value.

Works Required

No specific physical works or defects are evidenced. Confirm the condition and lawful use of both garages, and investigate title, access and planning potential before committing to works or development expenditure.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be modelled reliably without evidence of achievable use, planning consent, refurbishment costs, rent or a supported GDV. The guide plus stated buyer premium is £51,500 before any applicable seller fees and other costs, but this is not enough to assess refinance viability.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The asset is described as garages and land rather than residential accommodation, so residential rental assumptions would be unsupported.

Flip Analysis

A flip appraisal cannot be supported. The supplied £424,300–£600,000 sales are terraced-house transactions and do not establish a resale value for the garages and land. Development potential remains subject to planning consent, with no supported GDV, works budget or selling allowance.

Investor Risks & Due Diligence

• Any further potential is subject to the necessary planning consents being obtained.

• The supplied sold comparables are terraced houses and may not reflect the value of this garage-and-land lot.

• No rental evidence or auctioneer rent estimate is available.

• The condition and required works of the garages are not evidenced.

• The seller may charge additional fees payable on completion under the special conditions of sale.

Recommendation

Proceed only as a planning-led land and garage acquisition after satisfactory legal, access, title and planning due diligence. Do not rely on the supplied house comparables or assume residential development value.

Strategy Rating

Analysis Confidence

The lot description, tenure, approximate site area, guide and buyer premium are supplied, but there are no directly comparable sales, planning evidence, rental evidence, condition details, GDV or works costs.