17 The Glebe, Calne, Wiltshire

Description

A one bedroom mid terrace bungalow. Externally the property benefits from a private rear garden. In need of modernisation. Extension potential subject to requisite consents. Vacant.

Accommodation

Ground Floor - Entrance Hallway, Reception Room, Kitchen, Bedroom, Bathroom/WC.

Location

Calne is a town in the county of Wiltshire. Located on the north west side of The Glebe. Amenities are available nearby on Church Street, Curzon Street and High Street. Recreational amenities are available at Calne Recreation Ground and Castlefields Canal & River Park. Transport Chippenham - GWR.

Tenure / Property Information

Investment Analysis

The guide is £75,000. Supplied Land Registry evidence comprises three freehold terraced sales on The Glebe at £109,000, £130,000 and £227,500, but the subject is a one-bedroom mid-terrace bungalow and no floor areas, condition details or directly comparable bungalow sales are provided. The wide comparable range and differing property type mean a supported GDV or market value cannot be established.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Proceed only after confirming condition, obtaining refurbishment quotations, checking auction special conditions and establishing bungalow-specific value and rental evidence.

Works Required

Modernisation of the property is indicated, but the evidence does not specify the required works or their extent. Any extension would be subject to the requisite consents. Obtain a full inspection and quotations before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed because a supported GDV, refurbishment budget, rent and total acquisition cost are unavailable. Refinance proceeds therefore cannot be calculated.

Buy-to-Let Analysis

BTL returns cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Buyer fees, VAT treatment and any seller charges are also unconfirmed.

Flip Analysis

A flip assessment cannot be supported. The supplied terraced comparables range from £109,000 to £227,500 and are not sufficiently comparable to this one-bedroom bungalow; works costs and selling allowances are also unavailable.

Investor Risks & Due Diligence

• The property is stated to be in need of modernisation, but the required works and costs are unspecified.

• The supplied sold comparables are terraced properties rather than directly comparable bungalows and show a wide price range.

• No sufficiently specific rental evidence is available, so yield and letting assumptions cannot be tested.

• Buyer fees, possible VAT and seller's charges are not quantified and may increase the acquisition cost.

• Any extension is subject to the requisite consents and is not an established value or development assumption.

Recommendation

Do not bid on the current evidence alone. Proceed only after confirming condition, obtaining refurbishment quotations, checking auction special conditions and establishing bungalow-specific value and rental evidence.

Strategy Rating

Analysis Confidence

The property description, tenure, vacancy and guide are supplied, but there is no floor area, detailed condition schedule, specific rental evidence, refurbishment budget, buyer fee, VAT position or directly comparable bungalow sale evidence.