8, Bunyan Close, PLYMOUTH, Devon, PL5 3JJ

Description

Freehold mid terrace house

Accommodation

First floor: Principle bedroom with en-suite, one further bedroom, bathroom/wc. Ground floor: Reception rooms, kitchen, sun room, cloakroom/wc. Outside: Garden.

Location

The property is located on Bunyan Close. Shopping amenities are available locally with a more comprehensive range of amenities found within Plymouth City Centre lying to the south. Public transport links are available at St. Budeaux Victoria Road Station located to the west along with a network of local bus services serving the surrounding areas. The property is served by road links including the A30 lying to the south and the A386 located to the east. Recreational pursuits can be found at Bolitho Park lying to the east.

Tenure / Property Information

Investment Analysis

The strongest evidence is the same property’s £175,000 completed sale on 28 February 2025. The subject also sold for £128,000 in 2017 and £117,500 in 2014. The £175,000 figure is therefore a reasonable base GDV indicator, but the evidence does not confirm current condition, improvements, floor area, parking or whether the 2025 comparable was fully equivalent. The £137,000 guide is £38,000 below that latest comparable, before the £1,800 buyer administration charge and any seller fees.

Investment Snapshot

Strategy Recommendation

Consider only as a potential buy-to-let at or near the guide, subject to viewing, legal-pack review, confirmation of achievable rent and all auction fees. Do not rely on a BRRR or flip strategy until condition, works and seller charges are verified.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a viewing, survey and auction legal pack review before budgeting works. Confirm the condition of the kitchen, bathrooms, sun room, garden, heating and any external elements rather than assuming a refurbishment allowance.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £175,000 base GDV, 75% refinance is £131,250. However, total project cost cannot be calculated because no works allowance or seller completion fees are supplied. The available refinance would therefore not support a reliable cash-left-in or equity calculation. BRRR viability remains unproven and depends on valuation, lending terms and actual condition.

Buy-to-Let Analysis

The supplied rental evidence is one advertised asking rent of £1,000 pcm, equivalent to £12,000 annually; it is not an achieved or passing rent. Against the £137,000 guide, the indicative gross yield is 8.76%, before the £1,800 administration charge, any seller fees, finance, maintenance, voids, insurance and management. A fully costed yield cannot be established because refurbishment, seller fees and other acquisition costs are unknown.

Flip Analysis

The latest same-property completed sale supports a £175,000 base resale indicator against the £137,000 guide, but no reliable flip surplus can be calculated. Works, seller fees and resale costs are not supplied, and the comparable does not establish the property’s present condition or achievable resale price.

Investor Risks & Due Diligence

• The £1,000 pcm figure is an advertised asking rent rather than achieved or passing rent.

• The seller may charge additional completion fees, but the amount is not supplied.

• No condition report, refurbishment scope or works cost is provided.

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

• The £175,000 GDV relies principally on one recent same-property sale and may not reflect current condition or specification.

• Finance, maintenance, voids, insurance, management and resale costs are not included in the indicative guide-price yield.

Recommendation

Consider only as a potential buy-to-let at or near the guide, subject to viewing, legal-pack review, confirmation of achievable rent and all auction fees. Do not rely on a BRRR or flip strategy until condition, works and seller charges are verified.

Strategy Rating

Analysis Confidence

There is a recent same-property completed sale and one advertised rental listing, but condition, floor area, parking, heating, works, seller fees and achieved rent are not evidenced.