Nicholas James says ..
A rare opportunity to acquire a freehold block of 15 garages plus one store situated in a prime Brighton location, close to Preston Park railway station. The garages are served by a driveway from Clermont Road and accessed via an undercroft. Each garage is of standard size with its own up and ove...
Property Oracle says ..
This property listing presents a unique investment opportunity: a freehold block of 15 garages plus a store in Withdean, Brighton. The location benefits from the proximity to Preston Park railway station offering direct routes to Gatwick and London. Local amenities like schools are also within a reasonable distance.
The garages themselves appear to be in reasonable condition, showing some age but no apparent significant structural damage. The plot of land is relatively large for this type of property, and includes a private driveway.
The lack of living space, bedrooms and bathrooms makes it unsuitable as a residential property but very attractive to investors looking to profit from rental income or a potential redevelopment project. The pricing should be viewed within the context of the high demand for parking and storage in this area of Brighton. A comparative market analysis is required for a comprehensive valuation. Potential buyers should be aware of potential maintenance costs and the limitations of the property as garages rather than residential accommodation.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 5
- Location
- 7
- Land
- 4
- Bedrooms
- 0
- Bathrooms
- 0
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Metrics Year-on-Year
- Average area value
- 564,925.00 £Decreased by 12.97 %
- Average area rental value
- 1,752.00 £/moIncreased by 7.35 %
- Est rental Yield
- 3.72 %Increased by 23.18 %
- Crime Rate
- 12.00 %Unchanged by 0.00 %
Agent Activity
Nicholas James created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| St Bernadette'S Catholic Primary School | Voluntary Aided School | Good | 0.26 KM |
| Stanford Infant School | Community School | Outstanding | 0.94 KM |
| Lancing College Preparatory School At Hove | Other Independent School | 0.97 KM | |
| Dorothy Stringer School | Community School | Good | 1.07 KM |
| Windlesham School | Other Independent School | 1.08 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| The Approach | £ 0 | 0 | 0.00 KM |
| Front Road | £ 0 | 0 | 0.00 KM |
| The Green | £ 0 | 0 | 0.00 KM |
| Old Mill Close | £ 1,300,000 | 0 | 0.00 KM |
| Dyke Road | £ 900,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Preston Park | 5285 | PRP | 0.27 KM |
| London Road (Brighton) | 5281 | LRB | 2.10 KM |
| Brighton | 5268 | BTN | 2.32 KM |
| Hove | 5273 | HOV | 2.34 KM |
| Aldrington | 5280 | AGT | 3.61 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Clermont Road, Brighton | £ 375,000 | BUY | 5 / 10 | 0.00 KM |
| London Road, Brighton | £ 1,000,000 | BUY | 6 / 10 | 0.06 KM |
| Clermont Road, Brighton, East Sussex | £ 400,000 | BUY | 6 / 10 | 0.06 KM |
| Preston Road, Brighton | £ 285,000 | BUY | Unknown | 0.07 KM |
| Birch Villa, 253 Preston Road, Brighton, BN1 6HY | £ 112,000 | BUY | 8 / 10 | 0.07 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| Tudor Cottage | £ 560,000 | 0.09 KM |
| 255 Preston Road | £ 735,000 | 0.13 KM |
| 18 Clermont Road | £ 558,000 | 0.13 KM |
| 259 Preston Road | £ 600,000 | 0.14 KM |
| 247 Preston Road | £ 1,870,000 | 0.14 KM |