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4 Greenway Court, Chippenham, Wiltshire, SN15 1AS
Two-Bedroom First-Floor Flat, Chippenham
4 Greenway Court, Chippenham, Wiltshire, SN15 1AS
Sold
£75,000+
• 2 Bedrooms
• Purpose built first floor flat
• Leasehold
• On-street parking nearby.
Description
Purpose built first floor 2 bedroom flat in need of modernisation. Chippenham town centre with its numerous amenities is within easy reach. Ideal investment or first time buy.
Accommodation
Ground floor: entrance hall with staircase. First floor: hallway, living/dining room, kitchen, 2 bedrooms and a bathroom.
Location
Chippenham town centre with its numerous amenities is within easy reach.
Tenure / Property Information
Tenure |
Leasehold |
Lease |
A new 999-year lease will be created; further details will be available prior to the auction in the legal pack. |
Parking |
On-street parking nearby. |
Heating |
Electric heating. |
Investment Analysis
The only supplied comparables are for another flat at Greenway Court and completed in 2002, 2007 and 2012. They do not provide reliable evidence of current market value. The £75,000 guide is not a valuation, and no current comparable, EPC, service charge, ground rent or legal-pack details are supplied.
Investment Snapshot
Guide Price |
£75,000 |
Strategy Recommendation
Do not bid on the present evidence alone. Review the legal pack, inspect the flat, obtain a current valuation and residential rental appraisal, and price the modernisation before considering a purchase.
Works Required
Modernisation of the two-bedroom flat is indicated, but the evidence does not specify the required works or condition of individual elements. Obtain a survey, quotations and full legal-pack details before bidding.
Rental & Market Context
|
Office space for rent in Chippenham, Wiltshire - Zoopla — — Advertised asking rent |
£300 pcm |
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
15, Greenway Court, Chippenham, Wiltshire, Sn15 1as |
£76,000 |
|
15, Greenway Court, Chippenham, Chippenham, North Wiltshire, Sn15 1as |
£82,000 |
|
15, Greenway Court, Chippenham, Chippenham, North Wiltshire, Sn15 1as |
£28,000 |
Potential BRRR Position
BRRR viability cannot be calculated because current GDV, refurbishment cost, rent, refinance terms and total acquisition costs are unsupported. The new 999-year lease is stated, but its full terms remain unavailable pending the legal pack.
Buy-to-Let Analysis
A BTL assessment cannot be established because no residential rental evidence, passing rent, service charge, ground rent, EPC or operating-cost information is supplied. The office asking rent is not relevant evidence for this flat.
Flip Analysis
A flip surplus cannot be calculated. The historic same-development sales are too old to establish current GDV, while refurbishment costs, selling costs and current resale evidence are not supplied.
Investor Risks & Due Diligence
• Current market value cannot be established from the supplied historic comparables.
• The flat is stated to need modernisation, but the scope and cost are unknown.
• The new 999-year lease terms are not yet available in the supplied evidence.
• No residential rent, EPC, service charge or ground rent information is supplied.
• Buyer premium, administration charge and other auction fees are not supplied.
• Electric heating and nearby on-street parking are stated property features that may affect demand and costs, but no financial impact is evidenced.
Recommendation
Do not bid on the present evidence alone. Review the legal pack, inspect the flat, obtain a current valuation and residential rental appraisal, and price the modernisation before considering a purchase.
Strategy Rating
HB Rating |
★★☆☆☆ |
Analysis Confidence
Confidence |
Low |
Evidence lacks current comparable sales, residential rental evidence, condition detail, refurbishment quotations, EPC, recurring leasehold costs, auction charges and full new-lease terms.
Auction Details :
Strakers
Auction Date :
15/10/26
Lot Number :
006
Property Location:
4 Greenway Court, Chippenham, Wiltshire, SN15 1AS
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