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21A Prestbury Drive, Warminster, Wiltshire
Marketed by:
Auction House South West
2 Cattedown Rd, Plymouth PL4 0EG, UK
01752 474200
Vacant three-bedroom leasehold maisonette in Warminster
21A Prestbury Drive, Warminster, Wiltshire
Withdrawn
£130,000+
• 3 Bedrooms
• Maisonette
• Leasehold
• Vacant
• Garage
• Current Rating C71
Description
A three bedroom maisonette, situated in Warminster, Wiltshire. The accommodation comprises a living room, kitchen, three bedrooms and a bathroom. The property also benefits from a garage.
Accommodation
Entrance Hall; Living Room: 19'2 x 13'8; Kitchen: 12'0 x 9'8; Bedroom One: 15'2 x 9'4; Bedroom Two: 12'5 x 10'5; Bedroom Three: 11'4 x 9'4; Bathroom
Location
Situated in Warminster, Wiltshire.
Tenure / Property Information
Tenure |
Leasehold |
Occupancy |
Vacant |
EPC |
Current Rating C71 |
Parking |
Garage |
Investment Analysis
Same-development leasehold comparables sold for £115,000–£120,000 in 2021, while the guide is £130,000. Indicative GDV scenarios are £115,000 low, £120,000 base and £130,000 high, subject to lease, condition and legal-pack review.
Investment Snapshot
Guide Price |
£130,000 (plus fees) |
HB Estimated GDV |
£120,000 |
Estimated Monthly Rent |
£1,475 pcm |
Estimated Annual Rent |
£17,700 pa |
Gross Yield on Guide |
13.6% |
Gross Yield on Project Cost |
13.5% |
Strategy Recommendation
Consider only as a rental if legal-pack, lease and recurring charges support the economics; avoid assuming a profitable flip at the guide.
Works Required
No specific works are evidenced. Allow only for inspection-led works; no refurbishment allowance is included.
Rental & Market Context
HB Estimated Market Rent |
£1,475 pcm |
|
Houses to rent in BA12 | OnTheMarket — 3 bed — — Advertised asking rent |
£1,475 pcm |
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
Prestbury Court, Prestbury Drive, Warminster, Wiltshire, Ba12 9lb |
£120,000 |
|
Prestbury Court, Prestbury Drive, Warminster, Wiltshire, Ba12 9lb |
£115,000 |
|
Prestbury Court, Prestbury Drive, Warminster, Wiltshire, Ba12 9lb |
£105,000 |
|
Prestbury Court, Prestbury Drive, Warminster, Wiltshire, Ba12 9lb |
£98,000 |
|
Prestbury Court, Prestbury Drive, Warminster, Wiltshire, Ba12 9lb |
£95,000 |
Potential BRRR Position
Base Project Cost |
£131,200 |
Base GDV |
£120,000 |
75% Refinance |
£90,000 |
Indicative Cash Left In |
£41,200 |
Equity Before Finance / Tax |
£-11,200 |
At the £130,000 guide, estimated total cost is £131,200 before unknown auction costs. A 75% refinance of the £120,000 base GDV produces £90,000, leaving indicative cash invested of £41,200 before finance and tax.
Buy-to-Let Analysis
Using the advertised £1,475 pcm asking rent, gross yield is approximately 13.62% on the guide and 13.49% including the £1,200 administration charge. Buyer premium, disbursements, service charges, ground rent and finance costs are unknown.
Flip Analysis
The £120,000 base GDV is below the £131,200 guide-plus-known-cost basis. No selling-cost allowance or supported refurbishment budget is available, so a reliable flip surplus cannot be calculated.
Investor Risks & Due Diligence
• Guide exceeds the latest supplied same-development sale evidence.
• Lease length, ground rent and service charges are not supplied.
• Buyer premium and completion disbursements are unknown.
• The rent is an advertised asking rent, not achieved rent.
• No condition survey or refurbishment cost evidence is supplied.
Recommendation
Consider only as a rental if legal-pack, lease and recurring charges support the economics; avoid assuming a profitable flip at the guide.
Strategy Rating
HB Rating |
★★☆☆☆ |
Analysis Confidence
Confidence |
Medium |
There are relevant same-development sales and one advertised rent, but the lease, condition, service charges, buyer premium, disbursements and exact comparable details are unavailable.
Auction Details :
Auction House South West
Auction Date :
21/10/26
Lot Number :
033
Property Location:
21A Prestbury Drive, Warminster, Wiltshire
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