Brickyard Cottage, Church Road, Oldbury-On-Severn, Bristol, BS35 1QA

Description

Three-bedroom detached house for renovation, in need of refurbishment and occupying a spacious plot of approximately 0.2 acres. The property offers scope to extend subject to consents and includes a driveway providing off-street parking, a detached garage and extensive wrap-around gardens.

Accommodation

Entrance porch leading to a generous hallway with stairs to the first floor; living room with dual aspect windows and a door onto the rear garden; kitchen diner with wall and base units; study; three good-sized bedrooms and a family bathroom on the first floor, arranged around a central landing. Externally, there are wrap-around gardens to the front, sides and rear, a driveway providing off-street parking and a detached garage with up-and-over door. Scope to extend at the rear to provide an additional bedroom and living accommodation, subject to planning consents.

Location

Situated on the corner of Church Road and Westmarsh Lane in Oldbury-on-Severn, a village on the outskirts of Thornbury in South Gloucestershire. Local facilities include a public house, community shop, village hall, primary school and church. Thornbury provides wider shopping, educational and recreational facilities. The property is positioned for travel to Bristol and Gloucester via the A38 and M5/M4 motorway network, with country walks nearby including a footpath adjoining the River Severn.

Tenure / Property Information

Investment Analysis

The strongest supplied evidence is Pill House, Church Road, Oldbury-on-Severn, a detached freehold sale at £605,000 in October 2023. However, bedroom count, condition, accommodation and plot size are not provided, so it cannot support a reliable subject-specific GDV. The £225,000 sale from 1999 is too historic to use reliably. No formal valuation or sufficient adjustment evidence is available.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain a full inspection, detailed refurbishment quotation, rental appraisal and independent valuation before considering refurbishment, BRRR or resale.

Works Required

Refurbishment is required based on the description, with the EPC rated F. The evidence does not specify individual defects or provide a cost schedule. Rear extension potential is mentioned but remains subject to planning consent and should not be assumed in the appraisal.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR appraisal cannot be calculated reliably without a supported GDV, refurbishment budget, achievable rent and finance costs. The 2023 £605,000 detached sale provides market context only and does not establish the renovated value of this property.

Buy-to-Let Analysis

BTL cannot be underwritten from the supplied evidence because no sufficiently specific rental comparable or auctioneer rent estimate is provided. Refurbishment requirements and total project costs are also unquantified. The £1,900 plus VAT buyer premium (£2,280 including VAT) would be payable in addition to the purchase price.

Flip Analysis

A flip appraisal cannot be established because refurbishment costs, resale costs and a reliable subject-specific GDV are unavailable. The property is described as requiring renovation, while any extension value depends on planning consent.

Investor Risks & Due Diligence

• The property requires refurbishment, but the scope and cost are not quantified.

• EPC rating F may indicate a need for improvement, although specific works are not supplied.

• Potential rear extension is subject to planning consent and should not be assumed.

• No sufficiently specific rental evidence is available.

• The £605,000 2023 comparable lacks bedroom, condition, accommodation and plot-size details.

• Completion is required within eight weeks from exchange or sooner by mutual agreement.

• The £2,280 buyer premium including VAT is payable in addition to the purchase price.

Recommendation

Do not bid on the current evidence alone. Obtain a full inspection, detailed refurbishment quotation, rental appraisal and independent valuation before considering refurbishment, BRRR or resale.

Strategy Rating

Analysis Confidence

Property description, tenure, occupancy, one relatively recent local sale and auction costs are supplied, but there is no reliable GDV adjustment evidence, refurbishment budget, rental evidence, EPC detail beyond rating F or supported project-cost appraisal.