27 Station Road, Castle Cary, Somerset

Description

The property comprises this two floor mid-terrace cottage style house. It does now require upgrading and modernisation and could have potential to reconfigure to move the bathroom to the first floor.

Accommodation

First Floor: Two Bedrooms. Ground Floor: Reception Room open plan to Kitchen, Conservatory, Bathroom/wc. Outside: Rear Garden.

Location

Castle Cary lies off the A371 between Wincanton to the south and Shepton Mallet to the north. The property itself is located close to the centre of Castle Cary which provides a good range of local services with more comprehensive shopping facilities and recreational pursuits at the nearby towns of Shepton Mallet and Wincanton. The A371 provides good road links providing access south to the A303.

Tenure / Property Information

Investment Analysis

The most directly relevant completed sale is 27 Station Road itself at £100,000 on 17 October 2025. Other Station Road terraced sales range from £180,000 to £200,000, with one £390,000 outlier. Differences in condition, size and specification are not supplied, so the base GDV is cautiously anchored to the direct £100,000 comparable, with a £180,000 upper scenario rather than a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack, confirming all completion charges, inspecting the condition and obtaining a detailed refurbishment quote. The guide-price rental headline is attractive, but the incomplete project costs make a firm bid or flip decision unsuitable.

Works Required

Upgrade and modernise the house as described. Investigate the feasibility, approvals and cost of relocating the bathroom to the first floor. No specific defects or itemised works are evidenced, so a refurbishment budget cannot be quantified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the cautious £100,000 base GDV, a 75% refinance would equate to £75,000. However, refurbishment costs and total acquisition costs are incomplete, so cash left in, equity creation and refinance viability cannot be reliably calculated. The potential bathroom reconfiguration also requires feasibility and cost confirmation.

Buy-to-Let Analysis

The only rental evidence is an advertised asking rent of £925 pcm, equivalent to £11,100 annually; achieved rent is not evidenced. This produces a headline gross yield of 22.7% on the £49,000 guide, before the £1,800 documentation charge, refurbishment, finance, operating costs and any seller fees. The underlying yield on total project cost cannot be established without a works budget.

Flip Analysis

A £100,000 base GDV is supported by the direct completed sale, while £180,000 is an evidence-supported higher scenario from nearby Station Road. A flip surplus cannot be calculated because refurbishment costs, selling costs and any additional seller charges are unknown.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not itemised; the property is stated to require upgrading and modernisation.

• The feasibility, approvals and cost of moving the bathroom to the first floor are unknown.

• The £925 pcm figure is an advertised asking rent, not an achieved or passing rent.

• Comparable completed prices vary materially from £100,000 to £200,000, with limited specification and condition evidence.

• The £1,800 buyer documentation charge is payable, and the seller may charge additional completion fees.

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

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

Recommendation

Proceed only after reviewing the legal pack, confirming all completion charges, inspecting the condition and obtaining a detailed refurbishment quote. The guide-price rental headline is attractive, but the incomplete project costs make a firm bid or flip decision unsuitable.

Strategy Rating

Analysis Confidence

There is a direct completed sale and one advertised rent, but the comparable prices vary substantially and no refurbishment budget, property dimensions, parking/heating confirmation, achieved rent or selling costs are supplied.