82, Tollgate Road, Salisbury, Wiltshire, SP1 2JJ

Description

Two bedroom detached bungalow requiring refurbishment and updating, with driveway parking and single garage.

Accommodation

Ground Floor: Entrance Porch, Entrance Hallway, Lounge, Kitchen, Bedroom One, Bedroom Two, Shower Room, Separate WC. Outside: Gardens to front and side elevations. Driveway providing off-road parking leading to single garage.

Location

Tollgate Road is conveniently positioned for access to local shops, amenities and regular bus routes, while being within easy reach of Salisbury city centre with its selection of restaurants, cafes, independent retailers and the historic Cathedral Close. The area benefits from good transport connections, making it a practical location for both commuters and those seeking a home close to the city.

Tenure / Property Information

Investment Analysis

Guide price is £170,000, but the supplied evidence does not support a current GDV. The £525,000 sale at 64 Tollgate Road completed in 2016 and is not sufficiently current or detailed for direct valuation. The two historic sales for this property (£92,500 in 1998 and £79,000 in 1997) are outdated. No current comparable sales, refurbishment budget or rental evidence is supplied.

Investment Snapshot

Strategy Recommendation

Do not commit to a bid based on the current evidence alone. Obtain a full survey, heating information, current local comparable valuations, contractor quotations and the Special Conditions before considering owner-occupier, BTL, BRRR or flip use.

Works Required

Refurbishment and updating are required, but the evidence does not specify the condition or scope of works. A survey and contractor quotations are required before bidding. Heating details should also be confirmed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed without a supported post-refurbishment GDV, refurbishment budget and rent. The known £1,800 contract documentation fee should be included in any detailed appraisal, alongside any applicable seller fees disclosed in the Special Conditions.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Gross yield, operating costs and achievable rent therefore remain unsupported.

Flip Analysis

A flip appraisal cannot be completed reliably. The only nearby comparable supplied is a 2016 sale at £525,000 for 64 Tollgate Road, while the subject property's other sales are from 1997 and 1998. Current resale value, works cost, selling costs and profit are unsupported.

Investor Risks & Due Diligence

• Refurbishment scope and cost are unspecified.

• Heating information is unavailable.

• No sufficiently specific rental evidence is supplied.

• Current GDV cannot be established from the historic or indirect sold comparables.

• The seller may charge additional completion fees under the Special Conditions.

• The £1,800 contract documentation fee is payable by the buyer.

Recommendation

Do not commit to a bid based on the current evidence alone. Obtain a full survey, heating information, current local comparable valuations, contractor quotations and the Special Conditions before considering owner-occupier, BTL, BRRR or flip use.

Strategy Rating

Analysis Confidence

The property description and tenure are clear, but current GDV, rental value, refurbishment cost, heating condition and potential seller fees are not supplied. The available sold evidence is historic or not directly comparable.