19 North End Gardens, Sherston, Wiltshire, SN16 0NL

Description

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

Accommodation

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

Location

The property is situated in North End Gardens in the market town of Sherston, Wiltshire. Local shops and everyday services are available within Sherston town centre. Recreational amenities include nearby open spaces such as Sherston Recreation Ground and the wider countryside. Transport links include local bus services and road access via the A433. Transport Chippenham - GWR.

Tenure / Property Information

Investment Analysis

Same-street sold evidence includes £250,000 for a terraced property in July 2025 and £275,000 for another terraced property in March 2021. These are not identified as bungalows and their condition is not supplied, so they provide only limited GDV support. A cautious base GDV of £250,000 is adopted, with £250,000–£275,000 as the evidence-supported range. The £105,000 guide represents a substantial discount to this indicative GDV, but the buyer premium, any seller charges and refurbishment cost are unknown.

Investment Snapshot

Strategy Recommendation

Treat as a potential value-add purchase only after confirming the auction fees, legal special conditions and refurbishment scope. The discount to the indicative same-street GDV is attractive on paper, but the evidence is insufficient to set a reliable maximum bid. BTL is viable only subject to works and total-cost confirmation.

Works Required

Modernisation of the bungalow, with the exact scope to be established from inspection. The supplied evidence supports no specific structural, services or finish items. Any extension would be subject to the requisite consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £250,000 base GDV, a 75% refinance would be £187,500. The potential refinance appears materially above the £105,000 guide, but the cash position cannot be calculated because refurbishment costs, buyer premium and other charges are unknown. GDV confidence is reduced because the comparables are terraced properties rather than identified bungalows.

Buy-to-Let Analysis

The advertised asking rent is £480 pcm, giving £5,760 annual gross rent and a 5.49% gross yield on the £105,000 guide before buyer fees, refurbishment, finance, voids and operating costs. Yield on total cost cannot be established because refurbishment costs and buyer charges are not supplied. The rent is an advertised asking figure, not achieved or passing rent.

Flip Analysis

A resale surplus cannot be calculated reliably. The base GDV is estimated at £250,000, but refurbishment costs, buyer premium, seller charges, VAT position and selling costs are not supplied. The comparable evidence is also not directly type-matched.

Investor Risks & Due Diligence

• The supplied sold comparables are terraced properties, not identified bungalows, creating GDV uncertainty.

• The property is stated to need modernisation, but no refurbishment scope or cost is supplied.

• The buyer fee amount is not stated.

• Seller charges and the possible VAT treatment are unresolved pending the Special Conditions of Sale.

• The £480 pcm figure is an advertised asking rent rather than achieved or passing rent.

• Any extension is subject to the requisite consents.

• EPC rating is E.

Recommendation

Treat as a potential value-add purchase only after confirming the auction fees, legal special conditions and refurbishment scope. The discount to the indicative same-street GDV is attractive on paper, but the evidence is insufficient to set a reliable maximum bid. BTL is viable only subject to works and total-cost confirmation.

Strategy Rating

Analysis Confidence

The evidence includes a recent same-street sale and one advertised rent, but the sales are not identified as bungalows, condition details are absent, and refurbishment, buyer-fee and seller-charge amounts are unavailable.