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Selling a garage

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Comments

  • silvercar
    silvercar Posts: 46,942 Ambassador
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    Also consider the upkeep costs. At the moment is there an agreement (registered with the house) that you all pay a share of the upkeep of the garage block Ensure that is transferred over with the sale.
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  • D_M_E
    D_M_E Posts: 3,008 Forumite
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    I once bought a house which came with a garage in a separate block of 6 about 25 yards away.

    The garage had an electricity supply which was connected to the house supply.

    If the garage which you want to sell has the same setup you should get it disconnected from the house before you sell.
  • G_M
    G_M Posts: 51,977 Forumite
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    On a practical level, is the garage on the same title as the house, or seperate? Is it leasehold or freehold?


    ps - underneath each post you should see a blue button marked 'thanks'. Click it!
  • martindow
    martindow Posts: 10,213 Forumite
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    Do you have a mortgage? If so you will need their agreement to do this. By reducing the value of the house you are increasing the LTV percentage. They may well refuse permission.
  • AndyBSG
    AndyBSG Posts: 986 Forumite
    I live in Essex and have been trying to buy a single garage with driveway space for a single car off my local council(house is ex council and garage backs onto my rear garden and was part of the house but seems when the house was bought off the council the garage wasn't included).

    They've not actually agreed to sell it yet as someone rents it so won't open discussions until he vacates but the guy I spoke to at the council told me to expect to pay an absolute minimum of 8K
  • booksurr
    booksurr Posts: 3,700 Forumite
    GSR1000 wrote: »
    There is mo mortgage.
    martindow wrote: »
    Do you have a mortgage? If so you will need their agreement to do this. By reducing the value of the house you are increasing the LTV percentage. They may well refuse permission.
    try reading the OP in full?
  • booksurr
    booksurr Posts: 3,700 Forumite
    GSR1000 wrote: »
    b) I never realised that "Rightmove" would quote for garages as well as houses. I will visit the site forthwith.
    it doesn't,

    but you can set your search criteria to exclude properties over a max value (I used £50k) and not to include flats or bungalows. What is left will be commercial properties (because some are priced per sq metre so appear "cheap"), mobile ("park") homes, building land and garages....
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