9 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. The property has double glazing and oil fired heating. There is off road parking to the front for 2 cars with pathway to front door. Gated side access leads to the rear garden which is mainly laid to patio with a raised pond and timber outhouse/shed.

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 sale at 3 Heathway recorded at £265,000 on 31 July 2026. The £440,000 sale is materially higher and may reflect differences not evidenced here. A base GDV of £265,000 is used, with low and high scenarios anchored to the supplied £238,000 and £440,000 sales. The property is described as requiring modernisation, but no works budget or detailed condition report is supplied.

Investment Snapshot

Strategy Recommendation

Proceed only as a conditional refurbishment opportunity after confirming tenure, legal title, actual condition, total works cost and achievable rent. Do not set a bid limit from the guide-to-GDV spread alone.

Works Required

General modernisation as indicated by the auction description. The supplied evidence does not specify particular defects, installations or finishes, so no detailed scope or cost allowance can be supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the base GDV of £265,000, a 75% refinance is £198,750. Refurbishment cost, acquisition costs and total project cost are unavailable, so cash required, equity released and BRRR viability cannot be calculated. The apparent guide-to-GDV discount is subject to condition, legal and auction due diligence.

Buy-to-Let Analysis

The two supplied advertised rents are highly inconsistent, ranging from £350 to £1,700 pcm, and neither is an achieved rent or property-specific valuation. Annual rent and a reliable BTL yield therefore cannot be established. At the £130,000 guide, the unsupported mathematical gross-yield range would be 32.31% to 156.92%, which should not be relied upon.

Flip Analysis

The latest same-road sale supports a base resale indication of £265,000, while supplied same-road evidence ranges from £238,000 to £440,000. A flip surplus cannot be calculated because refurbishment, acquisition, selling and finance costs are not supplied. The wide comparable range creates substantial resale uncertainty.

Investor Risks & Due Diligence

• Modernisation scope and refurbishment cost are not supplied.

• Same-road sold prices vary materially from £238,000 to £440,000.

• Rental evidence is inconsistent, ranging from £350 to £1,700 pcm, and consists only of advertised asking rents.

• Tenure, occupancy and lease information are not supplied.

• Buyer premium, administration charge and other auction fees are not supplied.

• No formal valuation, EPC, council tax or property-specific achieved rent is supplied.

Recommendation

Proceed only as a conditional refurbishment opportunity after confirming tenure, legal title, actual condition, total works cost and achievable rent. Do not set a bid limit from the guide-to-GDV spread alone.

Strategy Rating

Analysis Confidence

There is useful same-road sold evidence and a stated guide price, but the comparables vary widely, the property condition and tenure are incomplete, all cost data is absent, and rental evidence is inconsistent advertised asking rent.