Anthony James Manser says ..

Property Oracle says ..

This listing presents a freehold investment opportunity of 13 garages in Romford, located on South Street within walking distance of Romford station. The property’s current rental income is £10,800 per annum with potential for future increases. The garages themselves appear in reasonable condition, though somewhat dated based on the photographs. The listing does not provide square footage for the garages or the land, limiting a full assessment of the overall size and value. The property’s location offers access to public transport, however detailed information regarding local amenities, such as schools and shopping centers, is absent. Additional information on the structural integrity and future maintenance costs of the garages would aid in a more complete valuation. The current asking price considers the rental income which may make it attractive to potential investors. However, prospective buyers should conduct thorough due diligence including a property survey to assess structural integrity and potential future repair/maintenance costs.

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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