I am considering buying a garage for storage space and use as a
workshop for building models. An example of something under £10k
(auction guide price) is he

http://www.rightmove.co.uk/property-...-23262211.html

I have some questions...

....about buying garages:
1. How well do garages keep their value over the years?
2. Will it be difficult to get a landline, plumbing, gas and
electricity in?
3. What is the likelihood of planning permission being granted a few
years down the line to convert a garage into a studio flat?
4. What can go wrong with a garage and how badly can the future sale
price be affected?

....about buying in auctions:
1. Is it worth getting a surveyor to look at the property?
2. Generally, will the guide price be close to the sale price?
3. If planning permission to convert the garage into a dwelling could
be secured, how much will it raise the subsequent auction price by?

Thanks for any advice.

On Sep 18, 9:28*pm, Foreign Student
wrote:
I am considering buying a garage for storage space and use as a
workshop for building models. An example of something under £10k
(auction guide price) is he

http://www.rightmove.co.uk/property-...-23262211.html

I have some questions...

...about buying garages:
1. How well do garages keep their value over the years?

so far so good, assuming you replace it by end of its life

2. Will it be difficult to get a landline, plumbing, gas and
electricity in?

yes

3. What is the likelihood of planning permission being granted a few
years down the line to convert a garage into a studio flat?

not much. If you do you'll need to rebuild it from foundations up.

4. What can go wrong with a garage

asbestos construction scares people off. It collapses. IT gets broken
into repeatedly, burnt, etc.


and how badly can the future sale
price be affected?

...about buying in auctions:
1. Is it worth getting a surveyor to look at the property?

no, but if you've this little basic knowledge, perhaps

2. Generally, will the guide price be close to the sale price?
3. If planning permission to convert the garage into a dwelling could
be secured, how much will it raise the subsequent auction price by?

hugely. IOW its not likely.


NT

NT gurgled happily, sounding much like they were
saying:

I am considering buying a garage for storage space and use as a
workshop for building models. An example of something under £10k
(auction guide price) is he

http://www.rightmove.co.uk/property-...-23262211.html

I have some questions...

...about buying garages:
1. How well do garages keep their value over the years?

so far so good, assuming you replace it by end of its life

4. What can go wrong with a garage

asbestos construction scares people off. It collapses.

Wild guess - you didn't look at the link, did you?

In uk.d-i-y, Foreign Student wrote:
...about buying in auctions:
1. Is it worth getting a surveyor to look at the property?
2. Generally, will the guide price be close to the sale price?
3. If planning permission to convert the garage into a dwelling could
be secured, how much will it raise the subsequent auction price by?

Go to another auction the day/week/month before, just to observe.

--
Mike Barnes

"Foreign Student" wrote in message
...
I am considering buying a garage for storage space and use as a
workshop for building models. An example of something under £10k
(auction guide price) is he

http://www.rightmove.co.uk/property-...-23262211.html

I have some questions...

...about buying garages:
1. How well do garages keep their value over the years?

The price of a garage is determined by its rental value. As long as it
remains rentable it will hold its value

2. Will it be difficult to get a landline, plumbing, gas and
electricity in?

It will be difficult and expensive. If these things are currently not
supplied "in the road" then getting them put in will cost several times the
cost of the garage.

3. What is the likelihood of planning permission being granted a few
years down the line to convert a garage into a studio flat?

If it's surrounded by other garages, no chance at all (and who would live
there if you did?). Unless that is, you knock them all down and replace
with a new build

4. What can go wrong with a garage and how badly can the future sale
price be affected?

...about buying in auctions:
1. Is it worth getting a surveyor to look at the property?

This is a very difficult decision. Usually you will win say, about 10% of
the properties that you are interested in. Getting them all surveyed will
cost more than just taking the hit if you get it wrong. But if you are only
buying one property .....

2. Generally, will the guide price be close to the sale price?

Varies a lot. 20% over is quite common. For a popular lot, 150% over is
not unknown. Some properties don't even reach the guide.

What I can say is that the guide price usually fairly takes into account the
condition. A low than expected guide suggest that there is something wrong
with the property.

3. If planning permission to convert the garage into a dwelling could
be secured, how much will it raise the subsequent auction price by?

3 or 4 times.

tim

On Sep 19, 9:24*am, Adrian wrote:
NT gurgled happily, sounding much like they were
saying:

I am considering buying a garage for storage space and use as a
workshop for building models. An example of something under £10k
(auction guide price) is he

http://www.rightmove.co.uk/property-...-23262211.html

I have some questions...

...about buying garages:
1. How well do garages keep their value over the years?
so far so good, assuming you replace it by end of its life
4. What can go wrong with a garage
asbestos construction scares people off. It collapses.

Wild guess - you didn't look at the link, did you?

I didnt assume the OP would only contemplate one possible garage to
purchase. The odds are high that the OP might have to look for
another.


NT

On Fri, 18 Sep 2009 14:47:09 -0700 (PDT), NT
wrote:

2. Will it be difficult to get a landline, plumbing, gas and
electricity in?

yes

Gas may be difficult (but not out of the question). Electricity is
not normally a problem (many garages have electric lights), and BT
will put a line to just about anywhere if they have lines nearby.
Heck, you will see portacabins used on road construction sites that
have electricity and telephones. If gas is needed, the OP might like
to think about using bottled gas.

--
Cynic

Foreign Student wrote:

2. Generally, will the guide price be close to the sale price?

Guide prices are usually about right, on average. If you get two determined
people in the auction room, it could go for a lot more. If nobody who is
interested turns up that day, it might go for a lot less.

On Sep 18, 9:28*pm, Foreign Student
wrote:
I am considering buying a garage for storage space and use as a
workshop for building models. An example of something under £10k
(auction guide price) is he

http://www.rightmove.co.uk/property-...-23262211.html


Wow, what an amazing property. it's not just a garage is it?

I have some questions...

...about buying garages:
1. How well do garages keep their value over the years?

This one can only go up I woul dthink.

2. Will it be difficult to get a landline, plumbing, gas and
electricity in?

No, it fronts the public highway so I guess those services are nearby.

3. What is the likelihood of planning permission being granted a few
years down the line to convert a garage into a studio flat?

You ask the council abou the local plan to see how that area is
designated.

4. What can go wrong with a garage and how badly can the future sale
price be affected?

not much if the structure is sound.


...about buying in auctions:
1. Is it worth getting a surveyor to look at the property?

maybe given all that masonry.

2. Generally, will the guide price be close to the sale price?

i could imagine this one going for much much more than a normal
garage.

3. If planning permission to convert the garage into a dwelling could
be secured, how much will it raise the subsequent auction price by?

Loads

Robert

In message
,
Foreign Student writes
I am considering buying a garage for storage space and use as a
workshop for building models. An example of something under £10k
(auction guide price) is he

http://www.rightmove.co.uk/property-...-23262211.html

I have some questions...

...about buying garages:
1. How well do garages keep their value over the years?
2. Will it be difficult to get a landline, plumbing, gas and
electricity in?
3. What is the likelihood of planning permission being granted a few
years down the line to convert a garage into a studio flat?

I'd doubt that one could be converted, as it would need adequate
glazing.

Why not sell it to the local Al Q'ueda cell as a bomb factory?

--
Paul