16 Western Way, Winsham, Chard, TA20 4JH

Description

A two bedroom semi detached house. Benefitting from front and rear gardens and an outbuilding. In need of modernisation. Conveniently located for the local amenities of Winsham. EPC rating - D.

Accommodation

Ground Floor - Kitchen, Living Room, Outhouse; First Floor - Two bedrooms, Bathroom

Location

Winsham is a village situated on the southern edge of Somerset, close to the Dorset and Devon borders. The village lies approximately 4 miles from Chard, 6 miles from Crewkerne and around 10 miles from Axminster. Western Way enjoys a village setting with convenient access to a community shop, post office, primary school, village pub and recreation facilities. The surrounding countryside and nearby Blackdown Hills provide excellent opportunities for outdoor pursuits, whilst Chard offers a wider range of retail, leisure and everyday amenities.

Tenure / Property Information

Investment Analysis

Completed same-street semi-detached sales range from £132,000 to £185,000 between 2017 and 2023, including two sales at £185,000. However, the evidence does not provide comparable bedroom counts, floor areas, condition, specification or a current valuation basis. The subject property requires modernisation, so a reliable GDV cannot be established from the supplied evidence alone.

Investment Snapshot

Strategy Recommendation

Do not bid on an investment basis without a current valuation, detailed inspection, refurbishment quotation, rental evidence and confirmation of all buyer and seller charges. The property may warrant owner-occupier consideration subject to survey and budget.

Works Required

Modernisation of the two-bedroom semi-detached house, including review and upgrading of the kitchen, living accommodation, bedrooms and bathroom as required. The supplied evidence does not identify specific defects or permit a quantified works schedule.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because refurbishment costs, achievable rent and a current post-works GDV are unsupported. The guide price excludes an unspecified buyer fee, and VAT or seller charges may apply.

Buy-to-Let Analysis

BTL analysis cannot be quantified because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Buyer fees, possible VAT and seller charges are also unquantified.

Flip Analysis

The historic same-street sales provide an indicative reference range of £132,000 to £185,000, but there is insufficient evidence to determine a current resale value for this property in its modernisation-required condition. No reliable flip surplus can therefore be calculated.

Investor Risks & Due Diligence

• The property is stated to be in need of modernisation, but the extent and cost of works are unknown.

• The buyer fee is unspecified.

• VAT may apply and seller charges may be stated in the Special Conditions of Sale.

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• The supplied comparable sales do not include bedroom count, floor area, specification or condition.

• Parking, heating, council tax and occupancy information are not supplied.

Recommendation

Do not bid on an investment basis without a current valuation, detailed inspection, refurbishment quotation, rental evidence and confirmation of all buyer and seller charges. The property may warrant owner-occupier consideration subject to survey and budget.

Strategy Rating

Analysis Confidence

The evidence includes several completed same-street sales and a clear property description, but lacks comparable specifications, current market evidence, condition detail, refurbishment costs, rental evidence and auction charges.