I BOUGHT A PAIR OF CHEAP GARAGES

Today you join me on a tour of a cheap pair of garages that I have just bought. I'm not entirely sure what I'm going to do with it next.
Thank you for watching. I would greatly appreciate a thumbs up if you enjoyed it and don't forget to subscribe for plenty more videos to come.
#property #propertydevelopmentuk #propertydevelopment #housetour #fixerupper #homerenovation #houserenovation #buytolet

[@jjefferyworboys8138]

Whatever you think the project will cost, it will cost more and however long you expect it take, it will take longer. Whatever you think is easy to achieve will not be as straightforward as you first thought. Apart from these minor issues it will be a breeze. Enjoy the ride !

[@simplypaul8681]

He's been doing this for decades

[@frfr335]

It looks like there's a fairly substantial level difference between your plot and your neighbour on the right (looking in from the street). For a 2 storey house, I think the founds / retaining wall requirements would end up being pretty significant and 'unusual' groundworks are usually slower and more costly than anticipated. Speaking as an architect, I'd personally try and get planning for a house of some sort and punt it on, the costs on this one could increase rapidly and unexpectedly but good luck either way.

[@Jack-cu7rl]

Speaking as a structural Waterproofing surveyor, this would be a relatively straight forward waterproofing system. Making use of natural drainage so therefore reducing the cost of a sump/pump

[@davidrother6972]

I'd submit plans for a coach house. That way you could bring the property closer to the road (approx 4m driveway), you'd get a private garden at the back away from traffic, safer for a family with small kids and two single garages below the 2-3 bed property. As living space would be on the first floor, you'd also be able to make the most of the views.

[@digitalimager4946]

I admire your entrepreneurial spirit, Matt. This is something that would send me running in the opposite direction! The very best of luck to you.

[@highpeakproperty]

Thanks!

[@gambrydew2059]

The Estate agent must have seen Matt coming from a long way away.

[@highpeakproperty]

@@gambrydew2059 I can never understand people like you who make such comments. I guess that’s a good thing.

[@gambrydew2059]

Matt and his business partner are going to need it.

[@joshuawhittaker1197]

@@highpeakproperty from his various comments to this vid, guessing he's a local and opposed to your proposed plans to build?

[@BobSmith-hz6bd]

Just be aware of any time you have to deal with Network Rail re the boundary to the railway side. They honestly work in another galaxy where time itself doesn’t exist. Apart from that it looks like an interesting project. Building cost will be approximately £1600 - £2300 per square metre.

[@jeffreyday4004]

that was my initial thought Bob

[@thomasfrancis5747]

Agree - I wanted to buy a plot of NR land behind my house to develop it with 2 houses and they weren't interested due to its small size/other priorities - they were quite rude.

[@markwarburton8700]

Hi Matt, hope you are well. I think £80k is on the low side. People pay that for an extention on an existing dwelling theses days. More like £150k to build a new build... Hope you can prove me wrong. Good luck.

[@jamescornick8739]

Yes definitely mate. My mate just paid £68.000 for a loft conversion with en suite. £80000 is a little low. If there isnt any utilities, Power, drainage, water supplies, it all adds up.

[@stukyu]

Matt ....even the existing concrete sectional buildings can be sold. Somebody will want them and even be prepared to dismantle and move themselves. It all helps with the cash flow ! Good luck Pal.

[@willbowen4065]

Me too, a Man of My word.

[@MJF-81]

Another great video, Matt, loving the content, as ever. If I can make some suggestions; 1. speak to a local planning consultant, they should be able to give you a fair idea of what the council will say but will likely require plans first. 2. Get surveys/ searches done, ie ground conditions, utilities, soil sample etc. most risk is in the ground. 3.Pay for a quantity surveyor to help with drafting the contract with the builder and also help you tender for the building work if/when you get there. Yes these are extra costs but they help make sure that overall project costs don’t run away with you.

[@highpeakproperty]

Theres a lot to consider which is why I'm staying open minded about what we do with it. I'm really not fussed which avenue we go down

[@ahmetalkn2073]

Good advise, Lucky you are , living in a country where there are such systrms, like consultant for council planning, surveyor for ground and utilies, surveyor to help with contracting of the project. You can also use these even before you buy the land to see if the project is worth doing. Where as where I live first you have to deal with corrupt local council people to agree on a bribe to get permission to buid. The rest you have to do it by yourself. İn the end you may still not get the building permit.

[@kevingould6725]

A 2 bed stone detached cottage with off street parking in high peak area . I think your estimate of sale price is a little low Matt. Hopefully building permission should be approved as the site is not green field and your not demolishing a listed building. Noticed other stone houses in the area so going for a stone option is good . If the views at second floor level are magic then maybe a upside down property might be the way forward as we only use bedrooms at night and for sleeping. Had a upside down house with open plan living on the first floor but we did have master bedroom upstairs. Never looked at views from bedroom but living area looked out to the Pacific Ocean. Had a balcony so could sit out and enjoy the view. Anyway I’m sure you have all angles covered. Look forward to more videos.

[@colh5910]

Hi Matt. Any plans to update us on the projects you have shared with us so far?

[@boldertash]

Like others have said the levels between properties will add to build costs even if you used a raft foundation, fair play for having a go

[@JonathanBurnhams]

"Quite a quiet spot" - next to a train line....

[@ravitaheem4272]

Nice Matt, I’m going to pay you a visit when I’m next up in Manchester 🍺🍺👍👍

[@markkingproperties2237]

Good potential Matt, something I’ve done is to flip the site through auction once you have the planning permission, you’ll be surprised how often self builders over pay, I recently did this on a burnt out unit I bought for £49k and it sold for £96k, pretty close to the potential profit of doing the development. Look forward to seeing some of your projects completed soon, good luck and keep the videos coming.

[@highpeakproperty]

Good idea

[@tomatobrush3283]

That is a great idea, no build cost or hassle.

[@markkingproperties2237]

@@tomatobrush3283 build costs are challenging right now, single builds can’t benefit from scale and I’ve had my fingers burnt a few times with additional costs. If you are lucky enough to find a self builder or get a couple of people in battle at auction the results can be good to breathtaking. Also market is softening so there’s risk the end value/ resale could be lower in 12/18 months time.

[@JakobButcher]

@@markkingproperties2237 Really good points Mark. Its funny what people think is achievable after watching homes under the hammer!

[@JackDaLadd]

Little advice, when you have that amount of greenery, get a grab lorry not a skip, it's much cheaper, also building a house in that location with the tree's getting planning could be fun, ontop of that if planning is approved you're looking at 2.5m deep by 450mm footings

[@Theoriginalbigbrillo]

80K total to build new house!! Best of luck with that one Matt 🤭🤭 Might wanna revise your build costs budd?.........................................

[@ianhorswell2829]

Hi Matt I am a Architectural Designer and looking at your site from your video I would recommend getting structural Engineer to look at the site due to the level difference to the garage next door.

[@PaddyWV]

I almost bought a piece of land thirty odd years ago that would have fitted six to eight garages on in the middle of terraced housing. Always kicked myself for not going ahead.

[@LA-fr7fx]

Good purchase - well done and thank you for vlogging it all 👍👍

[@nealthomas5346]

Good luck my friend, Keep us posted.

[@highpeakproperty]

Thanks! Will do!

[@iancook7792]

You are just an amazing man. I love your honesty and the way you present yourself. 👌

[@highpeakproperty]

Thank you so much 😀

[@pinky-ud1rt]

Good luck matt you will get this project sorted you clever man 😊

[@briancahill2136]

Good man Matt .... Always forward thinking......Best of luck with all your endeavours....you keep making the videos. .And I ll enjoy watching them....Thumbs up emogi.......

[@ramalufc322]

I'd be working on £1500psm for an average build, stonework could push that up slightly, and a contingency of 20%. Bit cheaper if you project manage and get separate trades in.

[@gambrydew2059]

I dont trust builders, Matt needs to shop around.

[@normanstephens5391]

🏡🏡🏡🏡🏡🏡🏡 Good luck Matt. Diversity can reveal Opportunity's.

[@anthonypaterson7066]

Hi Matt, if it was me, I would get planning passed and sell it on to a builder. Quicker return and less hassle.

[@billwhiz1]

Matt your beginning to sound like a estate agent rural quiet spot what next to railway line Crossing / junction box and electrical sub units id be running a mile

[@sgdtv1368]

Happy new year here’s to more vids like this

[@highpeakproperty]

Thanks! There should be a lot more this year as all the projects progress

[@daviddawson9099]

I wonder if you could make a couple of apartments for renting. Might give a better rental return. Could go down well with the town planers as low cost housing.

[@tomsurrey2252]

Oh dear... good luck!

[@skozra]

Looking forward to seeing how all this pans out and where it goes, excellent stuff 👍

[@bsimpson6204]

You'll have to do something on the right side of the property where the land falls away, good luck mate you could build a really nice place on there.

[@tomdowell6311]

Just a thought but if the planning officers are reticent then perhaps a building in the style mirroring the old rail building next to it would improve the chances + add some more character and uniqueness. As always, commending your ventures and look forward to seeing whatever you do with it!!

[@FiscalWoofer]

I guess you are in the park…probably a good thing you have this channel as I’ve known the parks take 8 years deliberating before…passing from one officer to the next as they move on and drop cases. At least you’ll be able to link them to this well followed update to get them moving! Good luck with planning… oh always ask for more than you want then when you scale it back you get what you want rather than something that’s way too small.

[@Matticitt]

I imediately though you could put a small house there, and then you said it yourself. A perfect idea really... if it gets approved.

[@Alixstair]

Fab vlogs - any more planned? Subscribed!

[@barricadeish]

Sunny F ness vale hope you like trains and traffic due to level crossing, think this site used to be a small haulage yard in the 1980s when we lived there. Good luck with the planning😀😀😀

[@stephenayres8527]

Wishing you all the very best. Looking forward to seeing how you get on.

[@highpeakproperty]

Thank you!

[@Diced420]

Oakwood garden rooms is a great shout

[@jamies_st220]

I think building a 2 bedroom cottage would be ideal for a space there that money will be able to get u some brand new cars and buying cheap cars for the high peak autos channel that's a not bad idea there mate

[@highpeakproperty]

I hope that theres enough room for a nice little place there but we shall see

[@gambrydew2059]

I suppose living opposite a train line could come in handy.

[@MustafaAshah-el9nc]

@@highpeakproperty you could even do a two bedroom with one bedroom in the second floor along with a bathroom and then slit the attic into a second bedroom and a store room I’d say build it as far back as you could go to leave space for a front and small side garden, having it near the train line might make it harder to sell but you could advertise it as “rural cottage overlooking the quiet village train station “ 😅

[@cchrist58]

Dear Sir !! ............Well Done ...........Look forward To See what happens !! AnyWay ......GodBless & Happy New Year

[@highpeakproperty]

Happy new year!

[@dembaba9843]

Well done!

[@johnelbro127]

Great purchase. Build a cottage definitely. Look forward to the build. 👍👍👍😊

[@MatthewJBD]

Would love an update

[@karlwarnes6062]

Parking for station/canal ? Pocket money on plot whilst retaining options. Out line planning permission for house/shop/unit and sell plot,minimal investment quicker return,move money into another project would be my choice. Build house,not enough profit after unexpected costs and fees ?to just sell Keep house and rent it out. Good luck Matt. Build shop on ground floor and flat above

[@paulharrison2325]

Good luck with the project. I am sure somebody has said this to you before but you have a very good voice and tone for things like this. It’s very engaging and friendly, and also not big headed how many people on KZbin sound. It’s refreshing.

[@highpeakproperty]

Wow, thank you!

[@richie4561]

hey matt, any updates on the property vids plz

[@jamesmarco9685]

The open day stuff is a load of Estate Agent bollocks. They would have probably taken 40. It sounds like the margin is too small to build, just get planning and flip

[@robertharding7550]

It's a good adventure. I can see a pretty cottage near the railway. In local stone. Yes, widen the plot if you can. We need more housing stock. And of course shelter from the naysayers. Good luck though I don't think you'll need it. Looking forward to see what you do.

[@highpeakproperty]

Totally agree!

[@justsomeguy1141]

Just make sure you don't knock the garage down before planning is approved!! You get credit for replacing an existing structure

[@gangsterkami1]

Wow you just keep impressing me matey. Great find and amazing entrepreneurism.

[@highpeakproperty]

Thanks 👍

[@themav7232]

Good luck and just ignore those who try to put you down.

[@highpeakproperty]

Thanks! Everyone is an expert these days

[@giovannidonega9391]

Hi from Italy. I admire your mental strenght. Happy new year

[@highpeakproperty]

Thanks!

[@stephenconway2468]

The great thing about garages is not just the rental income but the investment size. You can for example sell one later and get a nice lot of cash but not a huge amount.

[@dazspurs9899]

and the seller didn't know that already? they couldn't take Matt's cash fast enough!

[@stephenconway2468]

@@dazspurs9899 Sure people may know the value of things but can they use them. Matt has access to the car market and thousands of his followers have cars. So he can leverage this...perhaps. Anyway, my point is that investing in houses usually means investment in hundreds of thousands which ties up capital. Investment in garages can yield similar returns but can be liquified to release tens of thousands. It is a smaller block of capital to tie up and release. As an example. if you are retired and have a simple pension selling a garage a year may release enough capital for your immediate needs. Selling a house can release too much at once. Also, from an investment perspective as you get enough cash together together you can invest it more quickly in acquiring these smaller units. You don't have to wait those extra months/years waiting to get the investment together. If you imagine that 5 garages equates to 1 house (and that is not the typical ratio). I could have 4 garages bought and making money before I would have enough money to get that first house.

[@Rabscuttle3]

Hey, what fun! Potentially, a great project and good luck with it!

[@alexkeohane143]

❤ your channels thank you 🙏

[@highpeakproperty]

Cheers!

[@stephen6262]

What ever you do i think you will do well. Seems a nice area also

[@-Burts30]

Matt, I’ve got to say your vids are like ASMR, love the car vids but this adds an extra side and I like it, keep it up mate

[@garyfoster]

Matt I live down near Exeter and you wouldn't believe the amount of industrial units being built and no wonder a small 2 storey one gets £1300 or month !

[@lukeframpton3671]

This is what I want to get into I been sat on the machines for donkey's watching houses go up

[@pauldiplock205]

Just love the honesty in these videos….. and the inexperience on display. Something very charming and lovely about the optimism being thrown at a slightly undesirable turn of events. I believe you will succeed. Happy New Year.

[@highpeakproperty]

Thank you very much!

[@johnrowswell94]

Quiet spot with Buxton railway line next to it lol, But on the plus side isnt there a pub across the road ?

[@jampot20000]

Blimey you can turn your hand to anything.....well done you

[@HEL0-MR-M]

Put a Greggs on it pal.......build from local stone ( well frontage anyways )......flat above jobs a goodan......look into footfall and whats around obviously ;-)

[@cybershot123]

No holding you back Matt . All the best for this project wish you the best Les

[@highpeakproperty]

Thanks!

[@Belfreyite]

Sites like that on the main line into Stockport/Manchester are great places for train commuting. Furness Vale is a nice place to live.

[@MePeterNicholls]

It’s a lovely bit of the country there

[@highpeakproperty]

It is

[@jonathanmoore994]

This would suit a self-builder on a budget. I'd get the outline planning, clear the site completely, and then sell it. The profit margin sounds tiny relative to the time and energy spent to get it if you do the whole thing to completion. There's a lot to be said for a quick in and out which doesn't take too much time and energy to get it.

[@glennchapman5337]

Great video Matt, if the garage has to come down, i would definitely recommend advertising it for sale as some one will buy it and get them to dismantle it and take it away , its a win win no demolition or skip costs and a couple of quid in your back pocket.

[@highpeakproperty]

Yes definitely

[@svernon7472]

Enjoying your new property channel Matt!hope you keep going with the videos👍

[@highpeakproperty]

Thanks! Will do!

[@garys7828]

I think that's a great buy in a great location..wish you well with it👍

[@angledangle1]

I recognise this area as Furness Vale .... its good to see that particular area get hopefully a extra property there . Far enough away from the A6 but close to the Train to utilise as a base to commute from Manchester bound . Good luck with it I'm sure it'll look amazing if it all goes to plan 👍

[@highpeakproperty]

Thanks! I hope so

[@stefanreeves7219]

Quiet spot next to a rail crossing 😂

[@jruk1981]

Should be an interesting watch. I know the area, would just consider retaining walls due to the level changes. Hopefully the neighbouring railway won’t cause a problem. Good luck should be an interesting journey.

[@highpeakproperty]

I think you're right. I quite liked the idea of the railway - it isnt a busy line so I thought it added a bit of character

[@rouman7]

The cottage is the best idea , and the best income ..

[@utlm6168]

Extend the roof so that it could fit a ramp in there and rent it out as a mechanics garage? You’ve got the 2/3 car parking outside which will be attractive for the potential mechanic

[@highpeakproperty]

Good idea

[@johnkennedy5117]

You can use a container and make it into an office and kitchen space

[@alexlarby7917]

One word of advice, especially since covid - contingency. Good luck, Matt 👍

[@Passionbloom52]

Ohhh , this will be interesting

[@Bootneck-RMC]

You really are starting to turn into a property mogul Matt. 😃 Any updates on the previous properties that you bought (especially the first one, the three bedroomed house)?

[@highpeakproperty]

Hahah I dont know about that. I'll have an update for you in a couple of weeks. One of them is nearing the end.

[@gambrydew2059]

I was wondering about what happened to them, maybe Matt will reveal them when they're nearly finished.

[@williamfence566]

Sorry pal. I took the veyrons out just before you got there. !. Good luck with the project

[@highpeakproperty]

I was hoping for an old E Type or a Jensen Interceptor

[@geoffreyrobert4132]

Good spec @44k you cannot go wrong well done

[@craigwallace5430]

Hi Matt. I watch both your channels as Im a petrol head and a chartered surveyor who designs and builds new-builds and extensions. With the daft increase in material costs and labours costs post covid I fear your £80k build budget is light but if it were me Id speak to local estate agents to understand what accomodation is in demand in that area and go from there. If the figures dont stack up to build it Id get planning permission and sell it as a development plot. Good luck with it though.

[@dazspurs9899]

absolutely no doubt the previous owner already done it,it's a red flag they took Matt's first offer

[@steve5772]

Station next door..... rent out parking spaces for commuters on justpark or something while you work out what to do next.

[@simonelsey]

really interesting project

[@nickwebb9290]

Interesting project. Did I miss it? What happened with that school rebuild?

[@kr2513]

There's a lot of value in what people are tired of dealing with. Good to see you can still pick up some pieces, do some work, take a risk and make a profit for your trouble.

[@highpeakproperty]

Thats exactly what I was thinking. Cheers

[@dazspurs9899]

no people most aren't stupid they see something as a money pit and want rid of it

[@msp5616]

Matt, you are indeed a man of many talents... when are you releasing your Peak energy drink brand

[@garethsworkshop]

I really do wish you good luck, I walk past there often with the dog down from Chinley and Peak Planning are a nightmare, they are known for being very very difficult. I had my own nightmare with them just over garage planning permission and that was using a local architect that knows them. but nothing compared to my neighbour who has done something similar to what you have described it has taken him over 5 years of constant meetings and many many many revisions of plans to finally get planning permission that he is now building. If you speak to any local builders I am sure they will tell you how difficult they can be.

[@rrain3375]

Can’t wait to see where this goes. Cottage or garage?

[@baldnutbaz]

Try to get planning and maybe resell with planning in place is an alternative.

[@johnshaw8481]

Let's hope you get planning consent Matt , good luck

[@GorgiRO]

i dobut u can build a house for that ammount, but yet im not a builder as well :D on the side/back of the garage, next to the other garages it would be nice to put a support wall and fill that space in

[@shaunjnmkbrennan7539]

This should be interesting! I look forward to seeing how it develops.

[@highpeakproperty]

Thanks!

[@gambrydew2059]

Matt hasn't refurbished and sold the other properties yet before he's buying new one's, I think Matt needs to slow down abit.

[@hermanmunster3358]

@Gambry Dew Well you're entitled to your opinion, but I'm sure Matt knows his limitations, and already has a successful car dealership under his belt. Nobody ever got anything done by sitting on their backside, or taking a few risks. I admire Matt for his intrepid spirit, and his desire to branch out. I wish I'd done the same when I had cash to spare, and youth on my side. Keep it up Matt, but just be cautious about what you buy, and who you deal with.

[@placepages8071]

Best of luck mate!

[@highpeakproperty]

Thanks!

[@S100FAN]

Love the B-roll in this video Matt.

[@highpeakproperty]

Thanks!

[@dansimmons21]

Hey Matt, love the new channel. Been watching your car channel since the beginning, and it’s cool to see you branching out into property. Keep up the good work!

[@highpeakproperty]

I appreciate that!

[@Macca5]

Hi Matt, Happy New Year to you. Good luck with this project.

[@PCG2022]

I am looking to invest in this type of work as well Matt, It looks like you have very similar desires as me, and I would love to hear from you. I use to watch all your car videos and it's great to see you now going into the property world. Great video and wish you luck. :)

[@highpeakproperty]

Thank you. All the best

[@rosehogan2861]

A small flat roof balcony at the back would be nice for private time