Updated October 2026
In short: Lock-up garages are a low-entry-price property investment, often bought at auction in blocks. Income comes from renting them for storage or parking. Returns can be attractive, but problems with access rights, title, asbestos roofs and anti-social behaviour are common. Some garage sites also have redevelopment potential for small housing schemes.
| What to check | Why it matters |
|---|---|
| Legal access | Many garage blocks sit behind houses with shared accessways |
| Title and boundaries | Older sites can have unclear or unregistered land |
| Roof material | Older garages often have asbestos cement roofs |
| Condition and doors | Repairs affect rentability |
| Local demand | Parking pressure and storage demand drive occupancy |
| Planning potential | Small sites may suit mews houses, but neighbour impact matters |
Before you bid
- Read the legal pack, especially access and rights of way
- Visit at different times of day
- Check whether garages are currently let and on what terms
- Get an asbestos view and repair estimate
- Check planning history for redevelopment attempts
How Fraser Bond helps
- Shortlisting garage lots and checking legal packs
- Valuation and rental appraisal
- Letting and managing garages
- Assessing development potential
Related guides
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