18, Valleyside, Swindon, Wiltshire, SN1 4NB

Description

This one bedroom purpose built maisonette requires complete modernisation throughout and includes a garage with parking to front.

Accommodation

Accessed to rear of the building via an external flight of stairs. Ground Floor: front door into entrance hallway, double bedroom, bathroom, living room and kitchen. Outside: single garage located underneath the property with parking for 1 car to front.

Location

Situated in a convenient residential location, approximately 2 miles from Swindon town centre, with access to shopping, dining and leisure facilities. The property is well placed for local bus services and Swindon railway station, with direct links to London Paddington and other areas.

Tenure / Property Information

Investment Analysis

The latest supplied comparable is 24 Valleyside at £106,000 in May 2025. Earlier same-road maisonette sales were £90,000 and £90,000 in 2021. A base GDV of £106,000 is therefore used, with a low evidence-based scenario of £90,000. The subject requires complete modernisation and has only 51 years remaining on the lease, so the comparables may not be directly equivalent. No service charge, heating details, seller fees or sufficiently specific rental evidence are available.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, confirming the lease and service-charge position, obtaining a refurbishment quotation and checking mortgageability or lease-extension options. Do not rely on the guide price alone to set a bid.

Works Required

Complete modernisation throughout, based on the auction description. The evidence does not specify individual defects, services, kitchen or bathroom condition, so no detailed scope or cost allowance can be established.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £40,000 guide, the known purchase price plus the £1,800 documentation fee is £41,800 before refurbishment and other possible seller charges. A 75% refinance against the £106,000 base GDV would be £79,500, but cash left in cannot be calculated because refurbishment and total project costs are unsupported. Lease length and unknown charges are material risks.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is provided. Service charge, ground rent and other ownership costs are also unknown. The 51-year lease may restrict mortgageability and tenant demand, subject to lender and lease-extension considerations.

Flip Analysis

The evidence supports a base resale value of £106,000, but a flip surplus cannot be calculated because no refurbishment cost, selling allowance or complete project-cost figure is supplied. The property requires complete modernisation and the 51-year lease could affect resale demand and financing.

Investor Risks & Due Diligence

• Only 51 years remain on the lease, which may affect mortgageability, resale value and lease-extension cost.

• Complete modernisation is required, but no detailed scope or cost evidence is supplied.

• Annual service charge and full ground-rent information are unknown.

• Potential seller fees are unknown and may be payable on completion.

• No reliable property-specific rental evidence is available.

• The comparable evidence may not reflect the subject property's condition or lease term.

Recommendation

Proceed only after reviewing the legal pack, confirming the lease and service-charge position, obtaining a refurbishment quotation and checking mortgageability or lease-extension options. Do not rely on the guide price alone to set a bid.

Strategy Rating

Analysis Confidence

There is useful same-road completed-sale evidence and a stated guide price, but no rental evidence, refurbishment costs, service charge, heating details, seller fees or detailed condition schedule. The latest comparable may not match the subject's condition or lease length.