2, Lammas Close, Calne, Wiltshire, SN11 8SF

Description

By order of a Housing Association. Freehold two floor end terrace house requiring modernisation. Full vacant possession.

Accommodation

First floor: Three bedrooms, bathroom/WC. Ground floor: Reception room, dining room, kitchen, storage/workshop. Outside: Front and rear garden.

Location

The property is situated on Lammas Close. Public transport links include Chippenham mainline rail station together with a network of local bus services serving the surrounding vicinity. Road links include the A4 and M4 motorway. Shopping amenities can be found locally within Calne with an extensive range of shops, bars and restaurants being found in Chippenham. Recreational pursuits can be found locally at the open spaces and surrounding countryside of North Wessex Downs Area of Outstanding Natural Beauty.

Tenure / Property Information

Investment Analysis

The strongest evidence is a £467,000 completed sale of a terraced freehold property on the same street in January 2026. However, its bedroom count, floor area, condition and specification are not supplied, so it cannot reliably establish this property's GDV. Older same-street sales were £294,000 and £317,500 in 2015. A formal market value range is therefore unsupported.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, confirming all buyer and seller charges, inspecting the property and obtaining a detailed refurbishment budget. Do not rely on the headline rent or the £467,000 comparable without further validation.

Works Required

Modernisation is required, but the evidence does not identify specific defects or provide a scope. A survey and contractor quotations are required before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR feasibility cannot be established because refurbishment costs and a reliable GDV are unavailable. The same-street £467,000 sale is not sufficiently comparable on the supplied evidence to support a refinance valuation. The £1,800 buyer documentation fee and potentially additional seller fees must also be allowed for.

Buy-to-Let Analysis

The only rental evidence is an advertised asking rent of £1,495 pcm, equivalent to £17,940 annually. At the £90,000 guide, this indicates a headline gross yield of approximately 19.93%, before modernisation, the £1,800 documentation fee, other seller fees, operating costs, finance and voids. This is not an achieved or passing rent, and a stabilised yield cannot be confirmed.

Flip Analysis

A flip surplus cannot be calculated. Although a same-street terraced freehold sale reached £467,000 in January 2026, the comparable's size, condition and specification are unknown. Works, purchase costs and selling costs are also unsupported.

Investor Risks & Due Diligence

• Property requires modernisation, but the extent and cost of works are unknown.

• The £1,495 pcm figure is an advertised asking rent rather than achieved or passing rent.

• The principal £467,000 comparable lacks supplied bedroom count, floor area, condition and specification.

• An £1,800 buyer documentation fee is payable, and additional seller fees may apply under the special conditions.

• Parking and heating details require confirmation from the auction centre.

• Full legal-pack and special-condition review is required before bidding.

Recommendation

Proceed only after reviewing the legal pack, confirming all buyer and seller charges, inspecting the property and obtaining a detailed refurbishment budget. Do not rely on the headline rent or the £467,000 comparable without further validation.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, vacancy, accommodation, guide price, one advertised rent and several same-street sales, but lacks floor areas, comparable specifications, survey findings, refurbishment costs, complete fees and a reliable GDV basis.