Updated October 2026
In short: A freehold garage can be useful for parking, storage or a hobby space, and in areas with parking pressure it can also earn steady rental income. Values depend heavily on location. Check legal access, the condition of the roof and door, whether it's rated for business rates, and any restrictions in the title on how it can be used.
| Use | Considerations |
|---|---|
| Own parking | Value depends on local parking pressure and permits |
| Storage | Damp and security; insurance |
| Letting to others | Licence agreement, rent collection, business rates |
| Workshop or hobby use | Power, noise and title or planning restrictions |
| Future development | Usually only in blocks; single garages rarely have potential |
Before you buy
- Legal right of way to the garage
- Title plan matches the garage you're viewing
- Restrictive covenants on use
- Roof condition (asbestos in older garages)
- Business rates if let separately from a home
- Insurance and security
How Fraser Bond helps
- Sourcing garages and parking spaces
- Valuation and rental appraisal
- Letting and managing garages
Related guides
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