5 Oak Place, Amesbury, Salisbury, Wiltshire

Description

Freehold semi-detached bungalow with two bedrooms, in need of modernisation, well located for Salisbury town centre, and vacant.

Accommodation

Two bedrooms, reception room, kitchen, bathroom/wc; outside: front and rear garden.

Location

Located on the east side of Oak Place, accessed off London Road. Local amenities on Porton Road and Boscombe Road. Recreational amenities available nearby such as Holders Field. Transport connections via Salisbury station and via the A303. Transport Salisbury - GWR, South Western Railway.

Tenure / Property Information

Investment Analysis

The £155,000 guide is the only supplied price evidence. No completed-sale comparables, formal valuation or rental evidence is provided, so market value, GDV and investment returns cannot be reliably estimated. The property is described as a vacant two-bedroom freehold semi-detached bungalow requiring modernisation, with EPC E.

Investment Snapshot

Strategy Recommendation

Do not commit to BTL, BRRR or a flip on the current evidence. Obtain a building inspection, detailed refurbishment quotations, local completed-sale evidence and rental evidence before bidding; otherwise treat the £155,000 guide only as an auction guide, not a valuation.

Works Required

Modernisation of the bungalow, subject to inspection and contractor quotations. The supplied evidence does not identify specific defects or define the required scope of works.

Rental & Market Context

Potential BRRR Position

BRRR cannot be underwritten: refurbishment costs, post-works GDV, achievable rent and refinance valuation evidence are all unavailable. The EPC is E and the property is vacant.

Buy-to-Let Analysis

BTL returns cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Modernisation costs, operating costs and acquisition costs are also unavailable.

Flip Analysis

A flip appraisal cannot be completed because there are no completed-sale comparables, GDV evidence, quantified works or selling-cost allowance. The guide price alone is insufficient to establish a resale margin.

Investor Risks & Due Diligence

• The scope and cost of the required modernisation are unquantified.

• No completed-sale comparables are supplied to support the guide price or GDV.

• No sufficiently specific rental evidence is supplied, preventing a yield assessment.

• EPC E may require further consideration in the refurbishment and letting strategy.

• Buyer, administration and other auction costs are not supplied.

• Vacant property condition and services have not been independently evidenced.

Recommendation

Do not commit to BTL, BRRR or a flip on the current evidence. Obtain a building inspection, detailed refurbishment quotations, local completed-sale evidence and rental evidence before bidding; otherwise treat the £155,000 guide only as an auction guide, not a valuation.

Strategy Rating

Analysis Confidence

Only the guide price, basic property description, EPC and location information are supplied. There are no sold comparables, rental evidence, works budget, fees or valuation evidence.