2 Bed Flat, Single Let, Salisbury, SP1 2RQ, £149,750

27 SHADY BOWER CLOSE, SALISBURY SP1 2RQ - 2 years ago

Sold STC
Leasehold
BTL
ROI: 3%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£110K - £500K
Sold Prices/m²£1.8K/m² - £3.7K/m²

 

 

Square Metres

~68 m²
Price/m²£2.2K/m²

Value Estimate

£187,188
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,438

Stamp Duty & Legal Fees

£8,688

Total Cash In

£46,125

 

 

Cash Out

 

Rent Range

£800 - £1,850

Rent Estimate

£775

Running Costs/mo

£643

Cashflow/mo

£132

Cashflow/yr

£1,584

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £110K to £500K, average is £183.8K. £1.8K/m² to £3.7K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£185K08/210.02 mi3, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£185K06/230.02 mi20, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£195K04/230.02 mi28, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£176K06/210.02 mi25, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£245K03/210.15 miFlat 1, Highmount, Shady Bower, Salisbury, Wiltshire SP1 2RE2
£171K01/210.17 mi12, Avon Place, Salisbury, Wiltshire SP1 2ET2
£180K02/230.17 mi7, Avon Place, Salisbury, Wiltshire SP1 2ET2
£204K12/220.26 mi17, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£160K04/210.26 mi8, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£185K11/220.26 mi1, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£178.5K01/230.28 mi24, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£148K10/210.36 miFlat 1, Elm Court, Elm Grove Road, Salisbury, Wiltshire SP1 1JN2
£170K07/210.43 mi22, St Ann Place, Salisbury, Wiltshire SP1 2SU2
£135K01/210.43 mi42, St Ann Place, Salisbury, Wiltshire SP1 2SU2
£172K11/200.43 mi40, St Ann Place, Salisbury, Wiltshire SP1 2SU2
£175K12/220.48 miFlat 3, Three Cuppes House, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF2
£153.5K11/210.49 mi45, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF2
£180K06/210.49 mi41, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF2
£151.5K06/210.52 mi71, Catherine Street, Salisbury, Wiltshire SP1 2DH2
£199.9K07/230.53 mi32, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£198K06/210.53 mi38, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£183K07/230.53 mi31, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£185K06/230.53 mi39, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£140K08/230.53 mi2, Cathedral Court, Salisbury, Wiltshire SP1 2SH2
£127.5K02/210.59 mi8, The Brambles, Salisbury, Wiltshire SP1 3EY2
£149.9K06/210.64 mi30, The Brambles, Salisbury, Wiltshire SP1 3EZ2
£150K09/210.64 mi27, The Brambles, Salisbury, Wiltshire SP1 3EZ2
£290K01/210.65 miApartment 2, Century House, Endless Street, Salisbury, Wiltshire SP1 3UH2
£184.5K01/230.66 mi6 Pilgrims Gate, Pilgrims Way, Laverstock, Salisbury, Wiltshire SP1 1AF2
£205K01/230.66 mi8 Pilgrims Gate, Pilgrims Way, Laverstock, Salisbury, Wiltshire SP1 1AF2
£400K06/230.66 miApartment 4, Century House, Endless Street, Salisbury, Wiltshire SP1 3UH2
£110K07/210.69 miFlat 3, Pilgrims House, Pilgrims Way, Laverstock, Salisbury, Wiltshire SP1 1RZ2
£375K06/210.72 mi193, The Close, Salisbury, Wiltshire SP1 2EZ2
£150K11/220.74 mi1, Hughendon Manor, Petersfinger, Salisbury, Wiltshire SP5 3EY2
£180K08/220.76 mi2 Hughenden Manor, Southampton Road, Petersfinger, Salisbury, Wiltshire SP5 3EY2
£120K04/230.84 mi71, Archers Court, Salisbury, Wiltshire SP1 3WE2
£210K11/200.84 mi34, Archers Court, Salisbury, Wiltshire SP1 3WE2
£185K04/230.84 mi52, Archers Court, Salisbury, Wiltshire SP1 3WE2
£175K04/230.84 mi63, Archers Court, Salisbury, Wiltshire SP1 3WE2
£190K02/230.84 mi15, Archers Court, Salisbury, Wiltshire SP1 3WE2
£340K03/230.84 miFlat 12, Elizabeth Court, Cranebridge Road, Salisbury, Wiltshire SP2 7UX2
£290K03/230.84 miFlat 17, Elizabeth Court, Cranebridge Road, Salisbury, Wiltshire SP2 7UX2
£370K06/210.84 miFlat 21, Elizabeth Court, Cranebridge Road, Salisbury, Wiltshire SP2 7UX2
£500K04/210.84 miFlat 26, Elizabeth Court, Cranebridge Road, Salisbury, Wiltshire SP2 7UX2
£350K03/230.88 mi157, The Close, Salisbury, Wiltshire SP1 2EY2
£480K06/210.89 miFlat 4, Harcourt Manor, Harcourt Terrace, Salisbury, Wiltshire SP2 7SR2
£198K12/200.89 miFlat 14, Bartholomew Court, Spire View, Salisbury, Wiltshire SP2 7GB2
£179K03/210.91 miFlat 7, Valentine Court, Spire View, Salisbury, Wiltshire SP2 7GP2
£187.5K04/210.92 miFlat 4, Francis Court, Spire View, Salisbury, Wiltshire SP2 7GE2
£160K03/210.92 miFlat 9, Francis Court, Spire View, Salisbury, Wiltshire SP2 7GE2

Local Rents

29 rents from £800/mo to £1.9K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£82509/240.26 miSALISBURY - Milford Hill2
£1,15001/250.29 mi-2
£1,20009/240.36 miElm Grove Road, Salisbury, Wiltshire2
£1,60009/240.52 mi-2
£99509/240.52 miEstcourt Road, Salisbury2
£1,20009/240.55 miPark Street, Salisbury2
£1,60009/240.6 miEndless Street Salisbury SP12
£1,40009/240.62 miNew Street, Salisbury2
£1,00002/240.74 mi-2
£1,20009/240.9 miFisherton Street, Salisbury 2
£1,30005/240.91 mi-2
£1,10012/240.91 mi-2
£95009/240.91 miSalisbury2
£99509/240.92 miFrancis Court, Spire View2
£1,40012/230.92 mi-2
£1,40012/230.92 mi-2
£80003/250.97 mi-2
£95002/240.98 mi-2
£1,10009/241 miGeorge Street, Salisbury2
£87509/241.02 miGeorge Street, Salisbury, Wiltshire2
£1,85002/241.03 mi-2
£95009/241.07 miMeadow Road, Salisbury, SP22
£89509/241.08 mi-2
£1,10009/241.09 miChurchfields Road, SALISBURY2
£1,00009/241.09 miSidney Street, Salisbury2
£1,30010/241.1 mi-2
£1,25003/251.15 mi-2
£1,00009/241.18 miSalisbury2
£1,10009/241.2 miSALISBURY - Ashley Road2

Local Area Statistics

Population in SP1

21,621

Population in Salisbury

93,605

Town centre distance

0.92 miles away

Nearest school

0.10 miles away

Nearest train station

1.07 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+49%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £149,750

August 23, 2023

Floor Plans

Description

  • Double Aspect Sitting/Dining Room +
  • Two Double Bedrooms +
  • Family Bathroom +
  • Sunny Balcony +
  • Private Allocated Parking +
  • Communal Gardens +
  • Gas Central Heating +
  • Double Glazing +
  • Ideal Investment Purchase +

Shady Bower Close is a development of modern apartments located a short distance from the city centre with allocated residents parking and mature communal grounds.
 
The property occupies a first floor position with a sunny westerly facing balcony overlooking the garden. The light and airy accommodation is arranged off a central entrance hall with a large double aspect sitting room/dining room, a spacious well equipped kitchen, two double bedrooms and a family bathroom.  Heating is supplied via a mains gas fired boiler to radiators; the windows are double glazed.
 
The gardens are well maintained and there is an allocated parking space.
 
Investment buyers should be aware that the property has been let continuously for a period of 7 years,  the current rent is £775.00pcm giving a return of 5.3%.
 
LOCATION:  Shady Bower Close is located on the south-eastern edge of Salisbury a short walk from the historic cathedral, local park, shopping facilities and the twice weekly market; there is a general store close by in Tollgate Road.  Salisbury has a good range of social and educational amenities including restaurants, theatre, arts centre, cinema and both state and private, primary and secondary schools including South Wilts Grammar School and Bishop Wordsworth's School, Wiltshire College and University Centre and Salisbury 6th Form College.  Leisure and recreational facilities include the Five Rivers Health and Wellbeing Centre, private members gymnasiums, golf club, recreation ground and three tennis clubs.  Salisbury has good road links to London (A303, M3) and the West Country, Southampton (A36, M27) and Bournemouth (A338) and also has a mainline railway station serving London, Waterloo (journey time 90 minutes) and the West Country.
 
DIRECTIONS: From Salisbury city centre proceed along Milford Street under the Churchill Way East bypass and straight over the traffic lights and up Milford Hill.  At the mini roundabout bear left onto Shady Bower, continue over the hill passing St Martins Primary School on the right, over the railway bridge and Shady Bower Close is immediately on the left.
 
TENURE AND SERVICES:  Tenure: Leasehold.   Local Authority: Wiltshire County Council.  Council Tax Band C  -  £2,245.28 : for year 2024/25.  All mains services connected.  Mains Drainage.  Gas central heating.  Fully double glazed.
 
LEASE:  Residue of Lease is  999 years from 31 August 1964.    SERVICE CHARGE :  £729.72 payable every 6 months.
 
DECLARATION: For clarification, we wish to inform prospective purchasers that we have prepared these
particulars as a general guide.  We have not carried out a detailed survey nor tested the services, appliances  and specific fittings.  Room sizes should not be relied upon for carpets and  furnishings.  The particulars do not constitute or form part of an offer or contract nor may they be regarded as representations.  All interested parties must themselves verify their accuracy. Ref: 10698

Agent Details

Baxters Property & Land Agents, Salisbury

01722 548820

Next Steps?

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