18 Bradford Road, Corsham, Wiltshire, SN13 0QR

Description

Semi-detached bungalow for modernisation with large workshop, open fronted barn and extending to about 0.25 acre.

Accommodation

Entrance hall, lounge, kitchen/dining room, 2 bedrooms, shower room and utility room. Conversion of the attic to provide further bedrooms has been started but requires finishing.

Location

Good sized rear garden laid to lawn and small paddock area with open fronted barn 12.16m x 5.8m which could have development potential in the future (stp). Polytunnel at the rear.

Tenure / Property Information

Investment Analysis

The most relevant evidence is the same-road sale at £372,500 in June 2025. Older same-road semi-detached sales were £410,000 and £440,000 in 2017–2018, while this property itself sold for £232,500 in 2016. The evidence does not identify the condition, specification or accommodation of the comparables, so a formal current value cannot be established. A provisional base GDV of £372,500 is used, with indicative scenarios of £350,000–£410,000; these are HB estimates only and should be verified by inspection and local valuation advice.

Investment Snapshot

Strategy Recommendation

Do not commit to a bid ceiling from the available evidence. Obtain a full inspection, confirm the attic conversion status and planning/building-control position, obtain refurbishment quotations and verify the post-works value before considering a flip or refinance strategy.

Works Required

Modernisation of the bungalow, completion of the started attic conversion, and assessment of the kitchen, shower room, utility room, heating and general finishes. The workshop, barn, polytunnel, garden and paddock should be inspected. Any barn development would be subject to planning permission and is not included in the valuation.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be reliably quantified. The provisional £372,500 GDV implies 75% refinance proceeds of £279,375, but purchase price, works, finance costs and other acquisition costs cannot be combined into a total project cost from the supplied evidence.

Buy-to-Let Analysis

BTL analysis cannot be completed because no sufficiently specific rental evidence, auctioneer rent estimate, refurbishment allowance or buyer costs were supplied. The property is vacant and requires modernisation, so rent should not be assumed without inspection and letting evidence.

Flip Analysis

A flip may be possible if the bungalow can be modernised and the attic conversion completed lawfully, but no works cost, selling costs or verified post-works valuation is supplied. The £372,500 base GDV is supported only by a different same-road sale and is not sufficient to calculate a resale surplus.

Investor Risks & Due Diligence

• Unknown refurbishment cost and condition.

• The started attic conversion may require planning permission, building-regulation approval or remedial work.

• The open-fronted barn's development potential is subject to planning permission and is excluded from the quantified GDV.

• No rental evidence is available, preventing a reliable BTL yield assessment.

• No buyer, administration, finance or selling costs were supplied.

• Comparable sales have differing dates and their condition and specification are unknown.

Recommendation

Do not commit to a bid ceiling from the available evidence. Obtain a full inspection, confirm the attic conversion status and planning/building-control position, obtain refurbishment quotations and verify the post-works value before considering a flip or refinance strategy.

Strategy Rating

Analysis Confidence

There is one relatively recent same-road comparable, but comparable condition and specification are unknown. No tenure confirmation, rent, EPC, buyer costs, refurbishment costs or verified attic/planning information was supplied.