2 Bed Flat, Single Let, Salisbury, SP1 2QH, £175,000

4 Methuen Drive, Salisbury, Wiltshire, SP1 2QH - 4 views - 10 months ago

Leasehold
BTL
ROI: 4%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£120K - £500K
Sold Prices/m²£2K/m² - £3.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£192,305
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,450

Total Cash In

£50,200

 

 

Cash Out

 

Rent Range

£800 - £1,850

Rent Estimate

£902

Running Costs/mo

£747

Cashflow/mo

£155

Cashflow/yr

£1,857

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £120K to £500K, average is £185K. £2K/m² to £3.7K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£160K04/210.02 mi8, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£204K12/220.02 mi17, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£185K11/220.03 mi1, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£178.5K01/230.04 mi24, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£245K03/210.1 miFlat 1, Highmount, Shady Bower, Salisbury, Wiltshire SP1 2RE2
£148K10/210.17 miFlat 1, Elm Court, Elm Grove Road, Salisbury, Wiltshire SP1 1JN2
£170K07/210.23 mi22, St Ann Place, Salisbury, Wiltshire SP1 2SU2
£135K01/210.23 mi42, St Ann Place, Salisbury, Wiltshire SP1 2SU2
£172K11/200.23 mi40, St Ann Place, Salisbury, Wiltshire SP1 2SU2
£175K12/220.24 miFlat 3, Three Cuppes House, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF2
£185K08/210.25 mi3, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£185K06/230.25 mi20, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£195K04/230.25 mi28, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£176K06/210.25 mi25, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£153.5K11/210.25 mi45, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF2
£180K06/210.25 mi41, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF2
£151.5K06/210.27 mi71, Catherine Street, Salisbury, Wiltshire SP1 2DH2
£199.9K07/230.28 mi32, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£198K06/210.28 mi38, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£183K07/230.28 mi31, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£185K06/230.28 mi39, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£140K08/230.31 mi2, Cathedral Court, Salisbury, Wiltshire SP1 2SH2
£171K01/210.32 mi12, Avon Place, Salisbury, Wiltshire SP1 2ET2
£180K02/230.32 mi7, Avon Place, Salisbury, Wiltshire SP1 2ET2
£290K01/210.43 miApartment 2, Century House, Endless Street, Salisbury, Wiltshire SP1 3UH2
£400K06/230.43 miApartment 4, Century House, Endless Street, Salisbury, Wiltshire SP1 3UH2
£375K06/210.49 mi193, The Close, Salisbury, Wiltshire SP1 2EZ2
£127.5K02/210.55 mi8, The Brambles, Salisbury, Wiltshire SP1 3EY2
£340K03/230.59 miFlat 12, Elizabeth Court, Cranebridge Road, Salisbury, Wiltshire SP2 7UX2
£290K03/230.59 miFlat 17, Elizabeth Court, Cranebridge Road, Salisbury, Wiltshire SP2 7UX2
£370K06/210.59 miFlat 21, Elizabeth Court, Cranebridge Road, Salisbury, Wiltshire SP2 7UX2
£500K04/210.59 miFlat 26, Elizabeth Court, Cranebridge Road, Salisbury, Wiltshire SP2 7UX2
£149.9K06/210.62 mi30, The Brambles, Salisbury, Wiltshire SP1 3EZ2
£150K09/210.62 mi27, The Brambles, Salisbury, Wiltshire SP1 3EZ2
£120K04/230.63 mi71, Archers Court, Salisbury, Wiltshire SP1 3WE2
£210K11/200.63 mi34, Archers Court, Salisbury, Wiltshire SP1 3WE2
£185K04/230.63 mi52, Archers Court, Salisbury, Wiltshire SP1 3WE2
£175K04/230.63 mi63, Archers Court, Salisbury, Wiltshire SP1 3WE2
£190K02/230.63 mi15, Archers Court, Salisbury, Wiltshire SP1 3WE2
£480K06/210.64 miFlat 4, Harcourt Manor, Harcourt Terrace, Salisbury, Wiltshire SP2 7SR2
£350K03/230.65 mi157, The Close, Salisbury, Wiltshire SP1 2EY2
£198K12/200.65 miFlat 14, Bartholomew Court, Spire View, Salisbury, Wiltshire SP2 7GB2
£187.5K04/210.67 miFlat 4, Francis Court, Spire View, Salisbury, Wiltshire SP2 7GE2
£160K03/210.67 miFlat 9, Francis Court, Spire View, Salisbury, Wiltshire SP2 7GE2
£179K03/210.68 miFlat 7, Valentine Court, Spire View, Salisbury, Wiltshire SP2 7GP2
£178.9K02/210.69 miFlat 2, Bartholomew Court, Spire View, Salisbury, Wiltshire SP2 7GB2
£190K01/230.69 miFlat 1, Bartholomew Court, Spire View, Salisbury, Wiltshire SP2 7GB2
£199.9K09/210.72 miFlat 14, Augustine Court, Spire View, Salisbury, Wiltshire SP2 7GA2
£207K11/220.72 miFlat 20, Augustine Court, Spire View, Salisbury, Wiltshire SP2 7GA2
£200K06/230.72 miFlat 6, Augustine Court, Spire View, Salisbury, Wiltshire SP2 7GA2

Local Rents

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

RentDateDistanceAddressBeds 
£82509/240.04 miSALISBURY - Milford Hill2
£1,15001/250.04 mi-2
£1,20009/240.17 miElm Grove Road, Salisbury, Wiltshire2
£1,60009/240.27 mi-2
£1,60009/240.35 miEndless Street Salisbury SP12
£1,40009/240.37 miNew Street, Salisbury2
£1,20009/240.42 miPark Street, Salisbury2
£99509/240.42 miEstcourt Road, Salisbury2
£1,20009/240.64 miFisherton Street, Salisbury 2
£1,40012/230.67 mi-2
£1,40012/230.67 mi-2
£95009/240.67 miSalisbury2
£99509/240.68 miFrancis Court, Spire View2
£80003/250.72 mi-2
£1,10009/240.76 miGeorge Street, Salisbury2
£87509/240.78 miGeorge Street, Salisbury, Wiltshire2
£95009/240.82 miMeadow Road, Salisbury, SP22
£1,30005/240.83 mi-2
£1,10009/240.84 miChurchfields Road, SALISBURY2
£89509/240.84 mi-2
£1,85002/240.84 mi-2
£1,00009/240.85 miSidney Street, Salisbury2
£1,30010/240.85 mi-2
£1,10012/240.86 mi-2
£95002/240.9 mi-2
£1,25003/250.9 mi-2
£1,00009/240.93 miSalisbury2
£1,10009/240.97 miSALISBURY - Ashley Road2
£1,00002/240.99 mi-2
£1,10009/241 miChurchfields Road, Salisbury2
£82507/241.02 mi-2
£1,05012/231.08 mi-2
£1,05009/241.08 miStratford Road, Salisbury2
£1,05002/251.17 mi-2
£99511/241.18 mi-2
£99509/241.22 mi-2

Local Area Statistics

Population in SP1

21,621

Population in Salisbury

93,605

Town centre distance

0.67 miles away

Nearest school

0.10 miles away

Nearest train station

0.81 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+49%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £175,000

May 24, 2024

Sold for £124,000

2017

Sold for £101,000

2007

Sold for £48,000

1999

Floor Plans

Description

  • No chain +

A beautifully presented compact ground floor flat quietly tucked away in this attractive conversion. 4 Methuen House has been greatly improved by its current owner with a refitted kitchen and bathroom, the double glazed windows and gas heating is also modern. The flat is beautifully presented throughout and has a light and airy feel due to its large windows and sunny aspect. Located in Methuen House the flat enjoys access to very attractive communal gardens with a decorative gravelled area with a private feel directly outside the flat itself. 4 Methuen House has the huge advantage of an allocated parking space directly outside the flat with further permit parking available close by. The quiet location provides a lovely balance of a quiet and leafy environment a short walk from the city centre itself.

Directions - When leaving Salisbury from Milford Hill turn right onto Fowlers Road. Follow for a short while then take the turning left onto Methuen Drive where Methuen House can be found on the left.

Hall - Full height cupboard housing Worcester gas boiler. Entryphone system. Laminate flooring. Cupboard with shelving and clothes rail.

Living Room/Kitchen - 3.7m x 3.95m (12'1" x 12'11" ) -

Bedroom One - 2.8m ext to 3.25m x 2.3m (9'2" ext to 10'7" x 7'6 - Twin double glazed windows to side aspect. Radiator and ceiling spotlights.

Bedroom Two - 2.35m x 2.3m (7'8" x 7'6" ) - Double glazed window to side aspect. Radiator.

Bathroom (Internal) - Refitted white suite comprising panelled bath, with low level WC and vanity basin. Tiled splashbacks and floor, heated towel rail, extractor fan and ceiling spotlights.

Outside - Immediately outside the property is a graveled area which although part of the communal garden tends to have exclusive use by the property. The current owner has placed several pots to make the area more attractive.
To the front of the building is a lovely communal garden which is predominantly laid to lawn with a lovely array of mature planting and trees. Pathway to Fowlers Road, communal drying area to the rear and bins to side. To one side of the building is a parking area where the allocated space for number four can be found.

Agent Details

Venditum, Netherhampton

01722 449933

Next Steps?

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