Going rate for a single garage to rent or even buy??
Discussion
As per title, what is the going rate for the rental of a single garage?
No light or power, but next to mine in a block so easily sorted.
I'm thinking about an offer of £20 a month, but the guy is chancing his arm at £30 a month. The guy is the owner and my next door neighbour. No contract, no notice and no minimum term. Mine if I want it for however long I want it.
Also, while I am here, does anyone have a clue what a garage would be worth? Single marley garage, in good condition, in a block of 5, in a quiet residential area with secluded access. The appeal is that it is next to mine, so I would in effect have a double garage with private parking space in front of them both, and both would be privately (as well as publically) accessible via my property/boundary, whether I rented or bought it.
As it is adjacent to mine I am seriously thinking about making the guy an offer as I know he is far from flush, lives on disability benefits and would probably jump at a low 4 figure cash lump in exchange for what is basically changing the boundary on his deeds from his point of view. It also makes a better investment than paying £240 a year for the use of a garage I don't 'really' need....
But the fact that I don't really need it is irrelevant. It would be a good excuse to fill it with a weekend toy/project...
No light or power, but next to mine in a block so easily sorted.
I'm thinking about an offer of £20 a month, but the guy is chancing his arm at £30 a month. The guy is the owner and my next door neighbour. No contract, no notice and no minimum term. Mine if I want it for however long I want it.
Also, while I am here, does anyone have a clue what a garage would be worth? Single marley garage, in good condition, in a block of 5, in a quiet residential area with secluded access. The appeal is that it is next to mine, so I would in effect have a double garage with private parking space in front of them both, and both would be privately (as well as publically) accessible via my property/boundary, whether I rented or bought it.
As it is adjacent to mine I am seriously thinking about making the guy an offer as I know he is far from flush, lives on disability benefits and would probably jump at a low 4 figure cash lump in exchange for what is basically changing the boundary on his deeds from his point of view. It also makes a better investment than paying £240 a year for the use of a garage I don't 'really' need....
But the fact that I don't really need it is irrelevant. It would be a good excuse to fill it with a weekend toy/project...
Blimey! I have to pay two and a half times that amount!bazking69 said:
I'm thinking about an offer of £20 a month, but the guy is chancing his arm at £30 a month. The guy is the owner and my next door neighbour. No contract, no notice and no minimum term. Mine if I want it for however long I want it.
Haven't seen anything under £50/month in Bristol. If it was near me I'd snatch his arm off at £30.
Crikey. Having spoken to people at work they seem to think the rate is £20 a month so that's an eye opener!
Maybe a cheeky punt at £25 and I honestly reckon he would go for that. If I can't talk him into selling it to me for a smidge over £1000 plus me covering the paperwork fees that is...
Maybe a cheeky punt at £25 and I honestly reckon he would go for that. If I can't talk him into selling it to me for a smidge over £1000 plus me covering the paperwork fees that is...
bazking69 said:
Crikey. Having spoken to people at work they seem to think the rate is £20 a month so that's an eye opener!
Maybe a cheeky punt at £25 and I honestly reckon he would go for that. If I can't talk him into selling it to me for a smidge over £1000 plus me covering the paperwork fees that is...
What area do you live?Maybe a cheeky punt at £25 and I honestly reckon he would go for that. If I can't talk him into selling it to me for a smidge over £1000 plus me covering the paperwork fees that is...
Council garages in Bristol are ca £11.50 per week. They go at auction for anything up to 30-40k, depending on area obviously.
Why be so mean to a neighbour though? I suppose some people see more value in money than me, but why not find a value you're both happy with?
If your neighbour's poor, and £30 pw wouldn't hurt you, why beat him down another miserable fiver?
Why be so mean to a neighbour though? I suppose some people see more value in money than me, but why not find a value you're both happy with?
If your neighbour's poor, and £30 pw wouldn't hurt you, why beat him down another miserable fiver?
I forgot that RM does garages and other stuff.
Anyway...eek.
The going rate is between 20-40k. For a freaking garage in a block!! It makes 120k for a 1 bedroom flat look reasonable!!
Anyway, I might have to turn up round his with a nice bottle of whisky and a few grand in used notes and gauge his reaction. It would have to be a bargain, and 20k plus for a 15 foot x 7 foot space with a door isn't a bargain in my eyes, but if there is a deal to be cut...
Anyway...eek.
The going rate is between 20-40k. For a freaking garage in a block!! It makes 120k for a 1 bedroom flat look reasonable!!
Anyway, I might have to turn up round his with a nice bottle of whisky and a few grand in used notes and gauge his reaction. It would have to be a bargain, and 20k plus for a 15 foot x 7 foot space with a door isn't a bargain in my eyes, but if there is a deal to be cut...
Couldn't we?N Dentressangle said:
Why be so mean to a neighbour though? I suppose some people see more value in money than me, but why not find a value you're both happy with?
If your neighbour's poor, and £30 pw wouldn't hurt you, why beat him down another miserable fiver?
Because I am looking for a bargain and I am a self confessed tightwad. Business is business and i'm not a charity. If your neighbour's poor, and £30 pw wouldn't hurt you, why beat him down another miserable fiver?
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