Maple Cottage, 1 Parsonage Lane, Market Lavington, Devizes, Wiltshire, SN10 4AA

Description

Attractive 2 bedroom end-terrace cottage in need of some modernisation. Set in the heart of this thriving village and close to local amenities.

Accommodation

Ground floor: dual aspect sitting room with inglenook fireplace and kitchen/dining room. First floor: landing, 2 bedrooms and a bathroom.

Location

Set in the heart of this thriving village and close to local amenities.

Tenure / Property Information

Investment Analysis

The £190,000 guide is below the supplied same-lane sold evidence, which ranges from £238,500 in June 2021 to £355,000 in August 2024. However, the comparables have no bedroom count, floor area, condition or detailed accommodation, so an adjusted market value or GDV cannot be established reliably. The subject is stated to require some modernisation, which further limits direct comparison.

Investment Snapshot

Strategy Recommendation

Proceed only after legal, survey and specification checks establish the tenure, condition, refurbishment budget and resale evidence. The supplied evidence does not support a firm BTL, BRRR or flip bid.

Works Required

Modernisation as described by the auction particulars. No specific works, defects or specification are provided, so the scope and cost cannot be quantified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because refurbishment costs, rent, tenure, finance costs and a supported GDV are unavailable. The same-lane sales provide useful context but are not sufficiently detailed for an adjusted valuation.

Buy-to-Let Analysis

BTL assessment cannot be completed because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Rental yield, operating costs and investment returns therefore cannot be established.

Flip Analysis

A flip assessment cannot be quantified. Same-lane sales range from £238,500 to £355,000, but their property specifications and condition are unknown, while the subject's modernisation scope and selling costs are unsupported.

Investor Risks & Due Diligence

• Refurbishment scope and cost are unspecified beyond a need for some modernisation.

• No sufficiently specific rental evidence is available.

• Subject tenure, occupancy and lease information are not supplied.

• EPC and council tax information are not supplied.

• The property has electric heating.

• Parking is limited to a small-car space on a shared driveway.

• Comparable sale specifications and condition are not provided, limiting valuation accuracy.

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

Recommendation

Proceed only after legal, survey and specification checks establish the tenure, condition, refurbishment budget and resale evidence. The supplied evidence does not support a firm BTL, BRRR or flip bid.

Strategy Rating

Analysis Confidence

The evidence includes several sold comparables but lacks comparable specifications, subject tenure, condition detail, refurbishment costs, rental evidence, EPC, council tax and auction charges.