Cherhill TRS, Main Road, Cherhill, Calne, Wiltshire, SN11 8UT

Description

Former telephone repeater station in the village of Cherhill. Ideal for storage with potential for various other uses (subject to consents).

Accommodation

Brick built building with a pitched roof measuring approximately 4.42 x 3.87 metres, giving an internal floor area of about 17.1m² (184ft²).

Location

Located in the village of Cherhill.

Tenure / Property Information

Investment Analysis

The £10,000 guide is the only property-specific price evidence. The sold comparables are mainly detached or semi-detached houses and are not sufficiently comparable to a 17.1m² former telephone repeater station. The £132,000 'Other' sale is also insufficiently described to support a valuation. The rental evidence consists of broad or apparently unrelated advertised listings and cannot establish rent for this property. No GDV, refurbishment budget or investment yield can therefore be supported.

Investment Snapshot

Strategy Recommendation

Treat as a specialist storage or potential-change-of-use opportunity only. Obtain legal, planning, condition and services information before setting a bid limit; do not rely on residential BTL, BRRR or flip assumptions.

Works Required

No specific physical works are evidenced. Before bidding, establish the building's condition, services, access, lawful use and whether any conversion or parking works require consent.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment is not supportable because lawful residential use, tenure, condition, refurbishment cost, rent and post-works value are unknown. Refinance at 75% of GDV cannot be calculated.

Buy-to-Let Analysis

BTL viability cannot be established. The property is described as a former telephone repeater station with potential for other uses subject to consents, and no property-specific passing or estimated rent is supplied. The £432 pcm evidence is a broad advertised rental listing and the £8,000 pcm listing is not shown to relate to this property.

Flip Analysis

A flip appraisal is not supportable. The available sold comparables are houses or insufficiently described, while no supported GDV, works budget or selling allowance is available. Any conversion or alternative use would also be subject to consents.

Investor Risks & Due Diligence

• Potential alternative uses and parking are subject to consents.

• Lawful planning/use status is not supplied.

• Tenure, occupancy and lease information are not supplied.

• Condition, services, heating and EPC information are not supplied.

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

• The available sold comparables are not sufficiently comparable to the subject building.

• The rental evidence does not establish achievable rent for this property.

Recommendation

Treat as a specialist storage or potential-change-of-use opportunity only. Obtain legal, planning, condition and services information before setting a bid limit; do not rely on residential BTL, BRRR or flip assumptions.

Strategy Rating

Analysis Confidence

The evidence omits tenure, occupancy, lease, condition, services, EPC, council tax, fees, lawful use, consents, rent and comparable specialist sales. The available comparables and rental listings are not sufficiently relevant.