5 Heathway, Corsley, Warminster, Wiltshire, BA12 7PJ

Description

3 Bedroom semi-detached house for modernisation situated in a quiet road in the popular hamlet of Corsley. Ideal investment or first time buy.

Accommodation

Ground floor: entrance hall, living room, kitchen, rear hall and bathroom. First floor: landing and 3 good size bedrooms.

Location

Situated in a quiet road in the popular hamlet of Corsley.

Tenure / Property Information

Investment Analysis

Same-road sold evidence ranges from £238,000 to £440,000, with the latest comparable at £265,000 on 31 July 2026. The £440,000 sale is materially above the other supplied evidence and its condition/specification are unknown. A cautious base GDV of £265,000 is used, with £238,000 low and £440,000 high scenarios. These are indicative estimates only because the subject property's condition, size, tenure and specification are not fully evidenced.

Investment Snapshot

Strategy Recommendation

Proceed only subject to legal review, survey and firm refurbishment pricing. The low evidenced rent makes the BTL case weak, while a flip or BRRR strategy is highly dependent on the unknown modernisation cost and the uncertain comparable range.

Works Required

Modernisation is stated to be required, but no detailed condition schedule or scope is supplied. Obtain a survey and contractor pricing before budgeting for works. Any parking creation would be subject to consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £265,000 indicative base GDV, 75% refinancing would be approximately £198,750. However, the required refurbishment budget, purchase costs and finance costs are unknown, so total project cost and cash left in cannot be calculated. The strategy requires a survey, works quotation and confirmation of refinance eligibility.

Buy-to-Let Analysis

The only rental evidence is an advertised asking rent of £350 pcm, equivalent to £4,200 annually. This produces a gross yield of approximately 3.23% against the £130,000 guide, before works, finance, tax, insurance, maintenance and voids. The total-cost yield cannot be established because refurbishment costs and buyer charges are unavailable. Achieved rent is not evidenced.

Flip Analysis

Using the £265,000 base GDV, the apparent gross value gap against the £130,000 guide is £135,000 before refurbishment, acquisition costs, finance, selling costs and tax. Because the modernisation scope and all relevant costs are unknown, a reliable flip surplus or maximum bid cannot be calculated.

Investor Risks & Due Diligence

• Modernisation is required but no works scope or cost estimate is provided.

• The supplied rental figure is an advertised asking rent rather than achieved rent and may not reflect the subject property.

• Same-road sold prices vary materially from £238,000 to £440,000, with condition and specification not supplied.

• Buyer, administration and other auction fees are not provided.

• Tenure, occupancy and lease information are not supplied.

• Potential off-road parking is subject to consents.

• Electric heating may affect running costs and marketability, although no energy-performance evidence is provided.

Recommendation

Proceed only subject to legal review, survey and firm refurbishment pricing. The low evidenced rent makes the BTL case weak, while a flip or BRRR strategy is highly dependent on the unknown modernisation cost and the uncertain comparable range.

Strategy Rating

Analysis Confidence

There are several same-road completed sales and one rental asking figure, but the property's condition, tenure, occupancy, lease details, refurbishment cost, fees and achieved rent are not supplied. Comparable values also vary materially.