125 Stafford Street, Swindon, Wiltshire, SN1 3PG

Description

A Vacant Three Bedroom Mid Terrace House in Need of Refurbishment. The property comprises a three bedroom mid terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Reception Room, Kitchen, Bathroom. First Floor: Three Bedrooms. Exterior: Rear yard.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Savernake Park are within easy reach. Transport links are provided by Swindon rail station.

Tenure / Property Information

Investment Analysis

Same-street HM Land Registry sales range from £165,000 to £210,000, with the two most recent supplied sales at £210,000 in 2020 and 2021. These sales do not state bedroom count or condition, and the subject requires refurbishment, so £210,000 is an indicative upper-end base GDV rather than a formal valuation. A lower evidence-based scenario is £165,000.

Investment Snapshot

Strategy Recommendation

Investigate as a potential refurbishment-led resale or refinance project, but do not bid beyond a fully costed appraisal. The legal pack, inspection, works quotation and local rental evidence are essential before proceeding.

Works Required

General refurbishment is required, but the evidence does not specify defects, services, finishes or the extent of works. Obtain a full inspection and contractor schedule before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £45,000 guide, plus the known £1,800 administration charge, the entry price is materially below the supplied same-street sales. However, refurbishment cost, finance costs, valuation outcome and rental evidence are unknown, so the cash requirement and refinance viability cannot be calculated.

Buy-to-Let Analysis

A reliable BTL yield cannot be established. The £1,300 pcm evidence is a Wiltshire asking rent rather than a confirmed Swindon achieved rent, while the £550 pcm listing is for Heathcote Street, CV6 and is not a relevant local comparable. Refurbishment costs and ongoing costs are also unavailable.

Flip Analysis

The supplied same-street completed sales support an indicative resale range of £165,000 to £210,000. A flip surplus cannot be calculated because refurbishment, acquisition beyond the known administration charge, finance, selling costs and the purchase price are not established.

Investor Risks & Due Diligence

• The property is explicitly in need of refurbishment, but the extent and cost of works are unknown.

• Same-street comparable sales do not state bedroom count or condition and range across different sale dates.

• Rental evidence is limited to advertised asking rents and is not a reliable subject-property valuation.

• Buyer fees, disbursements and other special-condition charges may be payable but are not quantified.

• The guide price is stated as £45,000+ and the eventual auction purchase price is unknown.

Recommendation

Investigate as a potential refurbishment-led resale or refinance project, but do not bid beyond a fully costed appraisal. The legal pack, inspection, works quotation and local rental evidence are essential before proceeding.

Strategy Rating

Analysis Confidence

There are several same-street completed sales and a stated guide price, but no detailed condition assessment, refurbishment budget, local achieved rent, EPC, council tax, heating, parking or complete fee schedule.