Austin Gray says ..

Property Oracle says ..

This listing is for a leasehold garage located at Dolphin Court, Garage 3 Hove Street, Hove, BN3 2DN. The property is situated in Central Hove, offering proximity to Church Road’s amenities and transportation links. Nearby listings show a wide range of property prices, from approximately £93,000 to over £1 million, reflecting the diversity of the Hove housing market. The pictures show the garage located in an alleyway with some graffiti and the garage itself is quite basic in construction and appearance, appearing somewhat weathered. The photos also reveal a lack of private outside space. The price, at £15,000, is a small fraction of the cost of nearby flats and houses and seems like a fairly standard price for a garage in this area, given that it is being sold by auction and not as a direct sale. Without information on lease terms, square footage, or the potential for future developments, it’s difficult to give a comprehensive opinion on this property’s market value. The property could appeal to investors looking for a small-scale investment or local residents in need of secure parking. However, potential buyers should thoroughly review the lease details and conduct a thorough inspection before making an offer. A potential drawback is that this would require considerable due diligence due to the property’s lack of detailed information.

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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