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Garages Off Mayfields, Redditch

West Midlands

£130,000
Listed on 24/02/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This freehold property features a well-structured block of ten residential garages, currently operating as work units, along with the capability to park an additional ten vehicles above. With direct vehicular access from Mayfields to Mount Pleasant, the location offers convenience for users. Having been professionally managed over the past five years, these garages generate an annual income of £12,560. There exists significant potential for enhancing rental income through strategic management and further development of the parking spaces situated atop the garage block. This is an ideal investment for those looking to capitalize on current earnings while exploring renovation options to increase property value and usage efficiency.

Investment Analysis

(B97 area)
Area Average
£289/sq ft
Avg Rent (weekly)
£220
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (B97)

Area prices are rising by +5.7% over the last 12 months
3 year growth: +6.8%
5 year growth: +15.3%
Investment Disclaimer: Analysis based on B97 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Garages Off Mayfields, Redditch
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Mortgage Calculator

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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£469
Based on a loan of £97,500 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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