3 Barnfield Walk, Kingsbridge, Devon, TQ7 1QS

Description

A three-bedroom house in Kingsbridge. In need of some redecoration and refurbishment, the accommodation comprises a living room, kitchen/dining room, three bedrooms, a bathroom and W.C. Externally the property benefits an enclosed rear garden. PVCu D/G, GCH. The property is located in a residential area close to amenities, bus routes and the town centre.

Accommodation

Living Room; Kitchen/Dining Room; Bedroom One; Bedroom Two; Bedroom Three; Bathroom; W.C.

Location

Located in a residential area close to amenities, bus routes and the town centre.

Tenure / Property Information

Investment Analysis

Recent same-street completed sales provide the strongest evidence: £199,950 for No. 21 in January 2026 and £240,000 for No. 5 in September 2025. The subject is also a three-bedroom freehold terrace, but its stated need for redecoration and refurbishment creates uncertainty versus completed-sale condition. A base GDV of £220,000 is therefore used as an indicative midpoint, with £199,950–£240,000 as the evidence-supported range. This is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only after obtaining a detailed refurbishment quotation, reviewing the legal pack and confirming all additional auction charges. Do not rely on the indicative GDV alone to set a bid.

Works Required

Redecoration and refurbishment as identified in the auction description. No detailed schedule of defects or specification is supplied, so the works scope and cost cannot be quantified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £220,000 base GDV, 75% refinance proceeds would be approximately £165,000. However, total project cost cannot be calculated because refurbishment costs, legal costs, special-condition charges and other acquisition costs are not fully evidenced. BRRR viability therefore cannot be confirmed.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is provided. The guide price is £155,000, with known buyer premium and admin charge of £2,400 combined, but refurbishment, financing, legal and other potential auction costs remain unquantified.

Flip Analysis

The evidence indicates a potential value gap between the £155,000 guide and comparable completed sales, but a flip surplus cannot be calculated without a supported refurbishment budget, full acquisition costs, selling costs and a confirmed achieved resale value. The subject's stated refurbishment requirement is the principal cost uncertainty.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not quantified.

• No sufficiently specific rental evidence is available, so rental yield cannot be assessed.

• Special Conditions of Sale may impose additional search, seller-cost, legal, transfer or other charges.

• The comparable sales range is broad and may reflect differences in condition or specification.

• Occupancy status and vacant possession are not stated.

Recommendation

Proceed only after obtaining a detailed refurbishment quotation, reviewing the legal pack and confirming all additional auction charges. Do not rely on the indicative GDV alone to set a bid.

Strategy Rating

Analysis Confidence

There are several relevant same-street completed sales and clear tenure/property-type evidence, but no rental evidence, refurbishment budget, occupancy detail, legal-pack costs or supported selling allowance.