4 Bonython Drive, Grampound, Truro, Cornwall

Description

A Vacant Three Bedroom Detached Bungalow in Need of Modernisation. The property comprises a three bedroom detached bungalow.

Accommodation

Ground Floor: Reception Room; Kitchen; Three Bedrooms (One with En-Suite); WC. Exterior: Front and rear gardens, a garage and off street parking.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Probus Park are within easy reach. Transport links are provided by St Austell rail station.

Tenure / Property Information

Investment Analysis

The supplied 2026 sales for the same address are £155,000 and £180,000. Older nearby detached sales range from £267,500 to £307,000, but are less directly comparable and dated. A base GDV of £180,000 is used, with a cautious evidence range of £155,000–£270,000. The property requires modernisation, but no works specification or cost evidence is supplied.

Investment Snapshot

Strategy Recommendation

Potential refurbishment-led resale or owner-occupier purchase, subject to survey, legal-pack review and a confirmed works budget. Do not bid solely from the guide price.

Works Required

General modernisation as required by the description. No specific defects, scope or contractor costs are evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £180,000 base GDV, a 75% refinance is approximately £135,000. Refurbishment cost, total project cost and cash required cannot be calculated from the evidence.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rent and yield cannot be established. Modernisation requirements and unknown costs also prevent a reliable BTL assessment.

Flip Analysis

The same-address 2026 sales support a £155,000–£180,000 immediate evidence range, while older nearby sales provide a higher reference point. A flip surplus cannot be calculated because refurbishment and selling costs are unsupported.

Investor Risks & Due Diligence

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

• The two same-address 2026 sold prices differ materially (£155,000 and £180,000).

• Special conditions may create additional search, legal, transfer or seller-cost liabilities.

• No rental evidence is available for yield assessment.

• Older nearby comparables are materially higher and may not reflect the current property condition or market.

Recommendation

Potential refurbishment-led resale or owner-occupier purchase, subject to survey, legal-pack review and a confirmed works budget. Do not bid solely from the guide price.

Strategy Rating

Analysis Confidence

Direct same-address sales and tenure/occupancy details are available, but refurbishment costs, rental evidence, special-condition costs and a full valuation basis are absent.