Miles & Son says ..

Property Oracle says ..

This listing is for a pair of garages located on Victoria Avenue in Swanage, Dorset. The property’s key advantage is its location, being near the seafront and town centre, and within reasonable distance to well-regarded schools such as Purbeck View School and Swanage Primary School. This makes it potentially attractive to buyers seeking parking or storage solutions in a desirable area. However, the property is limited to two garages. The condition of the garages is fair; while structurally sound, they could benefit from cosmetic improvements and some maintenance. The listing price of £52,500 is hard to assess accurately due to the lack of information about the leasehold, size, and potential additional fees, which could be significant. While the location is positive and the price might be considered fair relative to comparable properties in the area, the absence of critical details and the limited size of the property prevent a definitive conclusion about its overall value. Potential buyers should carefully review the lease terms and carry out a thorough inspection before committing to a purchase. Further information regarding the square footage and the terms of the lease would significantly improve the assessment of the property’s market value. The absence of this information makes it hard to evaluate the potential long term value as an investment, especially compared to nearby properties which include more significant space such as the flats or houses on Victoria Avenue.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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