72 Poynder Road, Corsham, Wiltshire

Description

A Vacant Two Room End of Terrace Bungalow in Need of Refurbishment. The property comprises a two room end of terrace bungalow arranged over the ground floor.

Accommodation

Ground Floor: Reception Room with Open-Plan Kitchen; Two Rooms; Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Katherine Park are within easy reach. Transport links are provided by the A4 to the north.

Tenure / Property Information

Investment Analysis

The supplied completed sales on Poynder Road range from £215,000 to £251,000 for terraced houses sold in 2021, with a £294,000 semi-detached sale in 2022. The terraced evidence is the more relevant reference, although it is not bungalow-specific and is dated. A cautious evidence-based base GDV estimate is £223,250, using the midpoint of the four terraced sales. The £215,000 to £251,000 range is used as a broad supported scenario range, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, legal-pack review and a fully costed refurbishment plan. A refurbishment-led resale appears more assessable than BTL, but no bid should be recommended without a purchase price and works budget.

Works Required

Refurbishment is required according to the auction description. The evidence does not identify specific defects or provide a works schedule, so only general refurbishment can be stated. The existing EPC rating is C.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The indicative 75% refinance figure is £167,437.50 against the base GDV estimate of £223,250. Cash left in cannot be calculated because there is no guide or purchase price and no refurbishment budget. The £1,800 administration fee is known, but legal-pack disbursements are unspecified.

Buy-to-Let Analysis

A BTL assessment cannot be completed because no sufficiently specific rental comparable or auctioneer rent estimate was supplied. Purchase price, refurbishment cost and total acquisition cost are also unavailable. The property is vacant and would require refurbishment before letting.

Flip Analysis

A resale strategy may be considered because same-road terraced completed sales provide a broad £215,000 to £251,000 reference range. However, refurbishment costs, purchase price, selling costs and any disbursements are unavailable, so a reliable flip surplus or maximum bid cannot be calculated.

Investor Risks & Due Diligence

• No guide price or purchase price is supplied, preventing maximum-bid and total-cost calculations.

• No refurbishment budget or detailed condition report is supplied.

• No sufficiently specific rental evidence is available, preventing yield analysis.

• The completed sales are mainly older terraced-house comparables rather than bungalow-specific evidence.

• Legal-pack disbursements may be payable but are unspecified.

• Vacant possession and required refurbishment create delivery and cost uncertainty.

Recommendation

Proceed only subject to inspection, legal-pack review and a fully costed refurbishment plan. A refurbishment-led resale appears more assessable than BTL, but no bid should be recommended without a purchase price and works budget.

Strategy Rating

Analysis Confidence

The property description, tenure, vacancy, EPC and several same-road completed sales are available, but there is no guide price, no rental evidence, no refurbishment cost evidence and no detailed condition report. The comparables are also not bungalow-specific and are dated.