2 Bed Semi-Detached House, Refurb/BRRR, Salisbury, SP3 6RX, £270,000

Squalls Lane, Tisbury, Salisbury, SP3 6RX - 2 years ago

Sold STC
Refurb/BRRR
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£189K - £575K
Sold Prices/m²£2.7K/m² - £5.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£258,569

 

 

End Value (After Refurb)

£280,000

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£11,100

Refurb Costs

£27,612

Bridging Loan Interest

£7,088

Total Cash In

£115,049

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£280,000

Mortgage (After Refinance)

£210,000

Mortgage LTV

75%

Cash Released

£7,500

Cash Left In

£107,549

Equity

£70,000

Rent Range

£650 - £25,000

Rent Estimate

£913

Running Costs/mo

£1,078

Cashflow/mo

£-165

Cashflow/yr

£-1,975

Gross Yield

4%

Local Sold Prices

16 sold prices from £189K to £575K, average is £268.5K. £2.7K/m² to £5.1K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£575K04/220.63 mi79, High Street, Ansty, Salisbury, Wiltshire SP3 5QD2
£310K10/231.18 mi12, Castle Mount, Tisbury, Salisbury, Wiltshire SP3 6PP2
£250K07/211.18 mi12, Castle Mount, Tisbury, Salisbury, Wiltshire SP3 6PP2
£200K01/211.18 mi29, Castle Mount, Tisbury, Salisbury, Wiltshire SP3 6PP2
£189K04/211.24 mi16, Station Road, Tisbury, Salisbury, Wiltshire SP3 6JR2
£255K06/211.5 miHigh Shield, Cuffs Lane, Tisbury, Salisbury, Wiltshire SP3 6LG2
£205K03/211.53 mi4, Jacksons Terrace, Tisbury, Salisbury, Wiltshire SP3 6HN2
£205K03/211.53 mi4, Jacksons Terrace, Tisbury, Salisbury, Wiltshire SP3 6HN2
£269.9K11/211.53 mi3, Jacksons Terrace, Tisbury, Salisbury, Wiltshire SP3 6HN2
£269.9K11/211.53 mi3, Jacksons Terrace, Tisbury, Salisbury, Wiltshire SP3 6HN2
£270K07/231.53 miThe Cottage, High Street, Tisbury, Salisbury, Wiltshire SP3 6PS2
£395K09/211.56 miJasmine Cottage, The Quarry, Tisbury, Salisbury, Wiltshire SP3 6HR2
£245K08/221.61 mi3, Weaveland Road, Tisbury, Salisbury, Wiltshire SP3 6HJ2
£307K01/231.64 mi39, Weaveland Road, Tisbury, Salisbury, Wiltshire SP3 6HJ2
£427.5K10/212.84 miHoofprints, Sutton Road, Fovant, Salisbury, Wiltshire SP3 5LF2
£267K03/212.84 miField View, Sutton Road, Fovant, Salisbury, Wiltshire SP3 5LF2

Local Rents

8 rents from £650/mo to £25K/mo, average is £913/mo.

RentDateDistanceAddressBeds 
£2,80009/241.08 miWardour, Tisbury, Wiltshire3
£2,00009/241.1 mi-4
£85607/241.15 mi-2
£90009/241.39 miThe Avenue, Tisbury, Wiltshire2
£75009/241.46 miPark Road, Tisbury, SALISBURY1
£92506/231.56 mi-1
£65009/241.77 miTisbury, Salisbury3
£25,00009/242.32 miThe Lancers, Sutton Mandeville, Salisbury19

Local Area Statistics

Population in SP3

11,309

Population in Salisbury

93,605

Town centre distance

11.65 miles away

Nearest school

1.70 miles away

Nearest train station

1.15 miles away

 

 

Rental growth (12m)

+19%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £270,000

December 5, 2024

Listed for £280,000

August 3, 2023

Floor Plans

Description

  • Huge potential +
  • Two bedrooms +
  • Character property +
  • Semi-detached house +
  • Large outbuilding +

SUMMARY
In need of modernisation is this two bedroom semi-detached character property with huge potential. With lounge and kitchen on the ground floor, two bedrooms and bathroom on the first floor, large garden and outbuilding.

DESCRIPTION
In need of modernisation is this two bedroom semi-detached character property with huge potential. With lounge and kitchen on the ground floor, two bedrooms and bathroom on the first floor, large garden and outbuilding.

Entrance Hall 
Door to the front and an airing cupboard.

Lounge 15' 6" x 9' 9" ( 4.72m x 2.97m )
Single glazed windows to the front and rear.

Kitchen 13' 6" x 11' 6" ( 4.11m x 3.51m )
Kitchen with electric oven and hob, pantry, stainless steel sink and drainer, plumbing for a washing machine and a log burner.

Rear Hall 
Stairs to the first floor landing, single glazed window and a door leading to the garden.

Bathroom 
Situated on the ground floor with bath, WC, wash hand basin and a single glazed window to the side.

Landing 
Single glazed window to the rear and access to the loft via the loft hatch.

Bedroom One 19' 1" x 14' 9" ( 5.82m x 4.50m )
Open to the landing, was two bedrooms which has been made into one with airing cupboard and further separate cupboard and single glazed windows to the front and side.

Bedroom Two 15' 3" x 11' 8" ( 4.65m x 3.56m )
Single glazed windows to the front and rear.

Rear Garden 
To the rear the large garden is mainly laid to lawn with a pond and a greenhouse and outbuildings.

Outbuilding 22' 6" x 12' ( 6.86m x 3.66m )
Outbuilding with power, lighting and a WC.

Parking 
Parking to the front of the property.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Shaftesbury

01747 441317

Next Steps?

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