Bridgend, Eldersfield, Gloucester, GL19 4NR

Description

A three-bedroom semi-detached house in need of modernisation, benefiting from a garage and front and rear gardens. The property is situated in a village location and is within close proximity to the M50 and wider motorway network. No chain.

Accommodation

Entrance lobby; living room measuring 4.0m x 3.9m with open fireplace, radiator and built-in cupboards; dining room measuring 3.5m x 2.5m with storage cupboard and radiator; rear lobby; cloakroom with WC and hand wash basin; kitchen measuring 3.0m x 2.2m with fitted wall and base units, sink with drainer, space and plumbing for appliances, and oil-fired boiler; three bedrooms measuring 3.0m x 3.4m, 3.4m x 2.8m, and 2.5m x 2.4m; bathroom with bath, WC, hand wash basin and radiator; landing with access to loft space.

Location

Village location within close proximity to the M50 and wider motorway network. The rear garden enjoys views over the surrounding open countryside.

Tenure / Property Information

Tenure	Freehold
Occupancy	Vacant possession upon completion
EPC	Energy Rating F
Council Tax	Band C
Parking	Off-road parking in the front garden area
Heating	Oil-fired central heating
Services	Mains water and electricity, private drainage and oil-fired central heating are connected to the property.

Investment Analysis

The strongest evidence is a £380,000 completed sale of a three-bedroom semi-detached freehold property at Bridgend, Eldersfield, in April 2023. Other sales are for differing bedroom counts and/or older dates, so they are weaker comparables. The subject requires modernisation and has an EPC F rating, but no condition survey or adjustment evidence is supplied. A £380,000 base GDV is therefore indicative only and is not a formal valuation.

Investment Snapshot

Guide Price	£150,000-£200,000
HB Estimated GDV	£380,000

Strategy Recommendation

Proceed only after a full inspection, contractor refurbishment appraisal, local rental evidence and confirmation of auction costs. Treat the £380,000 GDV as an indicative benchmark rather than a firm valuation.

Works Required

Modernisation is required, but the evidence does not define the scope or cost. Assess the kitchen, bathroom, internal finishes, oil-fired heating system, electrical installation and EPC F-related improvements before bidding. No specific replacement works should be assumed.

Rental & Market Context

Properties For Sale in Thame | Rightmove — 3 bed — — Advertised asking rent

£1,900 pcm

Sold Comparables

The following completed sales were identified within approximately 5 miles:

3, Bridgend, Eldersfield, Gloucester, Malvern Hills, Gl19 4nr 2023-04-13 · Semi-Detached · Freehold	£380,000
4, Bridgend, Eldersfield, Gloucester, Malvern Hills, Gl19 4nr 2022-11-02 · Semi-Detached · Freehold	£490,000
6, Bridgend, Eldersfield, Gloucester, Malvern Hills, Gl19 4nr 2021-01-20 · Semi-Detached · Freehold	£297,000
6, Bridgend, Eldersfield, Gloucester, Malvern Hills, Gl19 4nr 2013-07-15 · Semi-Detached · Freehold	£181,000
1, Bridgend, Eldersfield, Gloucester, Malvern Hills, Gl19 4nr 2012-10-17 · Semi-Detached · Freehold	£269,000

Potential BRRR Position

Base GDV	£380,000
75% Refinance	£285,000

The indicative £380,000 base GDV would imply 75% refinance proceeds of £285,000. However, refurbishment cost, local rent, fees and total project cost are not supplied, so cash left in, equity and refinance viability cannot be calculated. The EPC F rating and required modernisation require further investigation.

Buy-to-Let Analysis

A BTL yield cannot be established. The only supplied rental listing is for a three-bedroom property in Thame at £1,900 pcm, which is not evidence for this Eldersfield property. No local achieved or advertised rent is supplied, and refurbishment and acquisition costs are unknown.

Flip Analysis

The April 2023 £380,000 three-bedroom comparable provides an indicative resale benchmark. A flip surplus cannot be calculated because refurbishment costs, selling costs, acquisition fees and the appropriate purchase price are not sufficiently evidenced. The subject's modernisation requirement may materially reduce the achievable resale value relative to the comparable.

Investor Risks & Due Diligence

• Unknown cost and scope of the required modernisation.

• EPC F rating may require improvement works, but no cost or regulatory assessment is supplied.

• Oil-fired central heating requires inspection and its condition is unknown.

• The supplied rental evidence relates to Thame rather than Eldersfield and cannot support a local rent estimate.

• No buyer premium, administration charge or other auction fees are supplied.

• The indicative GDV relies mainly on one 2023 comparable and is not a formal valuation.

Recommendation

Proceed only after a full inspection, contractor refurbishment appraisal, local rental evidence and confirmation of auction costs. Treat the £380,000 GDV as an indicative benchmark rather than a firm valuation.

Strategy Rating

HB Rating

★★★☆☆

Analysis Confidence

Confidence

Low-Medium

There is one reasonably relevant completed three-bedroom comparable, but it is from 2023 and the property condition, refurbishment budget, local rent, fees and selling costs are not evidenced.