24 Barons Mead, Chippenham, Wiltshire, SN14 0LN

Description

Vacant freehold semi-detached bungalow with a reception room, kitchen, two bedrooms, bathroom, garage, off-street parking, and front and rear gardens. GIA approximately 60 sq m (647 sq ft).

Accommodation

Reception Room, Kitchen, Two Bedrooms, Bathroom; GIA approximately 60 sq m (647 sq ft); Garage and off-street Parking; Front and rear Gardens

Location

The property is situated on the southern side of Barons Mead. Local shops and amenities are available in Frogwell, with the further facilities of Chippenham town centre also being accessible approximately 1 mile to the east. GWR services run from Chippenham rail station approximately 1.4 miles to the east. The A4, A350 and A429 are easily accessible, as is junction 17 of the M4 motorway. John Coles Park and Monkton Park are easily accessible.

Tenure / Property Information

Investment Analysis

Exact-street HM Land Registry comparables for semi-detached freehold properties range from £220,000 to £361,250, with the most recent supplied sale being £250,000 at 18 Barons Mead in February 2024. A base GDV of £250,000 is used, with £220,000 as a low case and £361,250 as a high case. The spread is material and the comparables’ accommodation, condition and specification are not supplied, so this is an indicative range rather than a formal valuation.

Investment Snapshot

Strategy Recommendation

Potentially attractive guide-to-GDV spread, but proceed only after inspection, legal review and a fully costed works plan. Do not rely on the £250,000 GDV or bid beyond a calculated maximum once unknown works and auction charges are established.

Works Required

No specific defects or required works are evidenced. A full inspection and survey are required before allowing for refurbishment, including assessment of the bungalow, garage, parking, gardens, services and general condition.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £90,000+ guide, the indicative 75% refinance against the £250,000 base GDV is £187,500. However, refurbishment costs, acquisition charges, finance costs and the eventual valuation are unknown, so total project cost, cash left in and equity cannot be calculated reliably.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparables or auctioneer rent estimate are supplied. Gross yield, operating costs and cash flow therefore remain unquantified. The property is vacant, but no letting demand or achievable rent has been evidenced.

Flip Analysis

The supplied comparable evidence indicates a potential resale value around £250,000, with a supported observed range of £220,000 to £361,250. A flip surplus cannot be calculated because works, purchase costs, finance costs and selling allowances are not supplied. The comparable spread and unknown condition require caution.

Investor Risks & Due Diligence

• Condition and required works are not evidenced.

• The exact comparable sales show a wide range from £220,000 to £361,250.

• No sufficiently specific rental evidence or auctioneer rent estimate is supplied.

• Buyer premium, admin charge and other possible third-party charges are not quantified.

• No EPC, council tax or heating information is supplied.

• The property is vacant, so there is no evidenced passing rental income.

Recommendation

Potentially attractive guide-to-GDV spread, but proceed only after inspection, legal review and a fully costed works plan. Do not rely on the £250,000 GDV or bid beyond a calculated maximum once unknown works and auction charges are established.

Strategy Rating

Analysis Confidence

There are five exact-street completed-sale comparables and clear property particulars, but condition, EPC, heating, rent, buyer charges, works costs and comparable property specifications are unavailable.