Brown & Co Online Auctions says ..

Property Oracle says ..

This property listing is for three garages located behind number 77 Simons Cross in Wickham Market, Suffolk. The garages are part of a larger block of six, and they appear to be standard-sized single garages. Photos reveal the garages have blue up-and-over doors which show some signs of wear and minor cosmetic damage but are structurally sound. The immediate surroundings are residential, with a wooden fence separating the garages from neighboring properties.

The location in Wickham Market is favorable. The village is known for its pleasant atmosphere and proximity to amenities, with nearby schools rated ‘Good’ by Ofsted. Transportation links via the Greater Anglia rail line also contribute to the area’s appeal. However, being set back behind other houses might limit visibility and potential for alternative uses.

There is no information on the size of the garages in square feet or plot size, making a detailed price analysis impossible. The auction guide price is given as £7,500-£12,500 plus fees, and the listed price sits at the lower end of this range. The absence of details concerning any potential rental income or the current demand for garages in Wickham Market makes it hard to determine if this represents exceptional value. This aspect of the property therefore requires further investigation to be fully assessed. Overall, the property presents a relatively straightforward investment opportunity, although buyers should be prepared to potentially make some minor improvements. It’s important to note this investment is likely to appeal more to those looking for secure storage or rental income rather than a primary residence.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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