5, Glebe View, CIRENCESTER, Gloucestershire, GL7 7HG

Description

Freehold semi-detached bungalow requiring updating, with countryside views and full vacant possession. By order of a major housing association.

Accommodation

Entrance hall, two bedrooms, reception room, kitchen (former), shower room/WC, utility room. Approximate area: 61m2 / 656 sq ft. Outside: front and rear gardens.

Location

Situated on Glebe View, a semi-rural location and well positioned for the amenities of Gloucester, Cheltenham and Cirencester. Transport options include local bus routes, rail connections via Stroud or Cirencester Spa, and road links via A417, M4 or M5.

Tenure / Property Information

Investment Analysis

The £89,000 guide is the only purchase-price evidence supplied. No completed sales comparables or formal valuation evidence are provided, so GDV and a supported maximum bid cannot be established. The property is vacant and requires updating, but the scope and cost of works are unspecified. The only rental evidence is an advertised asking rent of £459 pcm for a two-bedroom property in GL7; this is not an achieved rent and may not be directly comparable.

Investment Snapshot

Strategy Recommendation

Treat as a potential vacant refurbishment purchase only after inspection, confirmation of works, rental evidence and local completed-sale valuation. Do not rely on the supplied evidence to set a bid above the guide.

Works Required

General updating is indicated by the description. No specific defects or works are evidenced, so no detailed schedule or cost allowance can be supported. Confirm the condition of the former kitchen, shower room/WC, utility room, finishes, services, heating and external areas before bidding.

Rental & Market Context

Potential BRRR Position

A BRRR analysis cannot be completed reliably. No supported GDV or refurbishment budget is available, so refinance proceeds at 75% of GDV, equity requirement and cash left in cannot be calculated. The EPC is E and the property requires updating; confirm improvement requirements and lender acceptability before relying on refinance.

Buy-to-Let Analysis

Using the single advertised asking rent of £459 pcm gives annual advertised rent of £5,508 and a gross yield of approximately 6.19% against the £89,000 guide price. This is not an achieved rent, and a reliable all-in yield cannot be established because refurbishment costs, finance costs, insurance, maintenance, voids, taxes and any seller fees are unknown.

Flip Analysis

A flip surplus cannot be calculated because there are no completed-sale comparables, supported GDV, refurbishment costs or selling-cost allowance. The known buyer documentation fee is £1,800 inclusive of VAT, while any additional seller fees are unspecified.

Investor Risks & Due Diligence

• The property is described as requiring updating, but the condition and full scope of works are unknown.

• No completed-sale comparables or formal valuation evidence are supplied.

• The £459 pcm figure is an advertised asking rent rather than an achieved or passing rent.

• Additional seller fees may be payable on completion but are not specified.

• EPC rating is E; any upgrade requirements and costs are not evidenced.

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

Recommendation

Treat as a potential vacant refurbishment purchase only after inspection, confirmation of works, rental evidence and local completed-sale valuation. Do not rely on the supplied evidence to set a bid above the guide.

Strategy Rating

Analysis Confidence

The address, tenure, accommodation, vacancy, guide price, one advertised rent and buyer documentation fee are supplied, but there are no completed sales, formal GDV, quantified works, detailed condition, achieved rent or complete fee schedule.