159 Wood Lane, Chippenham, Wiltshire

Description

A two bedroom mid terrace house. Externally the property benefits from front and rear gardens. In need of modernisation. Extension potential subject to requisite consents. Vacant.

Accommodation

Ground Floor - Entrance Hallway, Reception Room, Kitchen. First Floor - Two Bedrooms, Bathroom/WC.

Location

Chippenham is a market town in the county of Wiltshire. Located on the south side of Wood Lane. Amenities are available nearby on London Road, with a broader range available in Chippenham Town Centre (approximately 1 mile). The recreational amenities of Pewsham Park, Westmead Open Space and Stanley Park are conveniently local. Transport Chippenham - GWR.

Tenure / Property Information

Investment Analysis

The £115,000 guide is materially below the supplied historic Wood Lane terraced sale prices (£138,000–£275,000), but those comparables are not sufficiently specific: bedroom count, size, condition and improvement level are not provided, and the sales date from 2021–2022. A reliable current GDV cannot therefore be established from the evidence alone.

Investment Snapshot

Strategy Recommendation

Do not proceed beyond a cautious due-diligence bid strategy until a survey, realistic modernisation budget and current two-bedroom comparable evidence are obtained. Treat the extension potential as unconfirmed.

Works Required

Modernisation of the property as required, with the exact scope to be confirmed by survey. Any extension would require the requisite consents. No specific defects or work costs are evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be quantified because there is no supported GDV, rent, refurbishment budget or refinance valuation. The historic nearby sales indicate potential value upside, but they are insufficiently comparable and dated.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Modernisation costs and total acquisition costs are also unknown.

Flip Analysis

A flip assessment cannot be quantified. The supplied historic sales range provides context only; without a condition-based refurbishment budget, current comparable evidence, resale costs or a supported GDV, any surplus calculation would be speculative.

Investor Risks & Due Diligence

• The property is described as needing modernisation, but the scope and cost of works are unknown.

• The supplied sales are historic and do not specify comparable bedroom count, floor area or condition.

• No sufficiently specific rental evidence is available, so rental yield cannot be established.

• Extension potential is subject to requisite consents and is not assured.

• Buyer, administration and other auction costs are not supplied.

Recommendation

Do not proceed beyond a cautious due-diligence bid strategy until a survey, realistic modernisation budget and current two-bedroom comparable evidence are obtained. Treat the extension potential as unconfirmed.

Strategy Rating

Analysis Confidence

The guide, tenure, vacancy, description and historic same-road sales are supplied, but there is no specific rental evidence, refurbishment cost, property size, detailed condition, buyer fees or sufficiently comparable current valuation evidence.