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Ask an estate agent? Or look at flats which have sold with or without garages?
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Yeah definitely a thing, lots of houses in Edinburgh have the option of a garage. I have a vague memory of it being about 35k
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What does it cost to rent a garage - £50-100 / month? Put a 5% cap rate on that and you get towards a valuation of £20k.
Tenderloin
rj
NickCJ
@Dammit
I've been asked to make an offer for a pair of garages that are in the grounds of the flat block that I live in. They're side by side, but each has their own lease - with apparently different periods left to run.
I did try to buy the left hand one before, around five years ago - the lady who owned it wanted 20k which I didn't want to pay.
I think that a single garage would add around 10k value to the flat, and a double (potentially with the dividing wall removed, although I'm assuming that that would have a raft of legal issues to deal with) would add more. I very much don't think that they are worth 40k, as they need fairly extensive maintenance work.
Is garage valuation a thing?