22 Tickenham Road, Clevedon, BS21 6AA

Description

A Terrace House requiring modernisation with accommodation arranged on Two Floors comprising: First Floor: Bedroom (One), Bedroom (Two). Ground Floor: Entrance Hall, Living Room, Bedroom (Three), Kitchen, Shower Room/WC. Yard at Rear.

Accommodation

First Floor: Bedroom (One), Bedroom (Two). Ground Floor: Entrance Hall, Living Room, Bedroom (Three), Kitchen, Shower Room/WC. Yard at Rear.

Location

Situated on Tickenham Road, close to the amenities available in Clevedon Town Centre. Clevedon Court is also nearby.

Tenure / Property Information

Investment Analysis

The strongest evidence is 26 Tickenham Road, a terraced freehold house sold for £310,000 on 27 March 2026. Another terraced sale at 3 Tickenham Road was £358,000 in July 2024, while 26 Tickenham Road previously sold for £230,000 in February 2024. The £625,000 sale is an ‘Other’ property and the £317,500 sale is semi-detached, so they are less directly comparable. A cautious base GDV of £310,000 is adopted, with £310,000–£358,000 as the evidence-supported scenario range. Condition differences, floor area and specification are not supplied.

Investment Snapshot

Strategy Recommendation

Proceed only as a conditional value-add opportunity after reviewing the legal pack and obtaining a detailed refurbishment quotation. The guide price is low relative to the supplied sales evidence, but no reliable maximum bid can be set from the available cost data.

Works Required

Modernisation of the existing three-bedroom terraced house. The auction description does not specify the required scope, costs or defects, so no detailed works schedule can be assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £50,000 guide, the known buyer premium is £1,500, before any refurbishment and seller charges. A 75% refinance against the £310,000 base GDV would be £232,500, but total project cost and cash left in cannot be calculated without a supported works allowance and full special-condition costs. The GDV range is based on same-road sales but is not a formal valuation.

Buy-to-Let Analysis

The supplied advertised asking rents are £1,450–£1,500 pcm; using the lower figure gives annual rent of £17,400 and a gross yield of 34.8% against the £50,000 guide. This is not a passing rent and excludes refurbishment, finance, operating costs, taxes and completion charges. Yield on total cost cannot be established because the works budget and any seller charges are unknown.

Flip Analysis

The guide-to-GDV spread appears substantial, but a flip surplus cannot be calculated because refurbishment costs, selling costs and any additional completion charges are not supplied. The £310,000 base GDV is supported primarily by the latest same-road terraced sale; the £358,000 figure is an older same-road terraced benchmark.

Investor Risks & Due Diligence

• The property is described as requiring modernisation, but the scope and cost of works are unknown.

• Advertised rental listings are asking rents rather than achieved or passing rents.

• Seller charges may apply under the special conditions and are not quantified.

• The comparable sales vary by date, property type and potentially specification; no floor areas are supplied.

• Parking and heating details are not provided.

• A maximum bid, total project cost and flip surplus cannot be supported without works and selling-cost evidence.

Recommendation

Proceed only as a conditional value-add opportunity after reviewing the legal pack and obtaining a detailed refurbishment quotation. The guide price is low relative to the supplied sales evidence, but no reliable maximum bid can be set from the available cost data.

Strategy Rating

Analysis Confidence

There is useful same-road sold-price evidence and rental asking evidence, but floor area, condition detail, refurbishment costs, parking/heating information and possible seller charges are not supplied.