2 Bed Flat, Single Let, Salisbury, SP1 1EE, £290,000

Salt Lane, Salisbury, SP1 1EE - 10 months ago

Leasehold
BTL
~68 m²
+5 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£4.3K/m²

Value Estimate

£192,573

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£17,700

Total Cash In

£90,200

 

 

Cash Out

 

Rent Range

£800 - £1,600

Rent Estimate

£831

Running Costs/mo

£1,092

Cashflow/mo

£-261

Cashflow/yr

£-3,137

Gross Yield

3%

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 
£153.5K11/210.05 mi45, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF2
£180K06/210.05 mi41, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF2
£199.9K07/230.06 mi32, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£198K06/210.06 mi38, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£183K07/230.06 mi31, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£185K06/230.06 mi39, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£175K12/220.07 miFlat 3, Three Cuppes House, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF2
£290K01/210.12 miApartment 2, Century House, Endless Street, Salisbury, Wiltshire SP1 3UH2
£400K06/230.13 miApartment 4, Century House, Endless Street, Salisbury, Wiltshire SP1 3UH2
£148K10/210.18 miFlat 1, Elm Court, Elm Grove Road, Salisbury, Wiltshire SP1 1JN2
£151.5K06/210.25 mi71, Catherine Street, Salisbury, Wiltshire SP1 2DH2
£185K11/220.29 mi1, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£160K04/210.29 mi8, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£204K12/220.29 mi17, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£178.5K01/230.29 mi24, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£120K04/230.32 mi71, Archers Court, Salisbury, Wiltshire SP1 3WE2
£210K11/200.32 mi34, Archers Court, Salisbury, Wiltshire SP1 3WE2
£185K04/230.32 mi52, Archers Court, Salisbury, Wiltshire SP1 3WE2
£175K04/230.32 mi63, Archers Court, Salisbury, Wiltshire SP1 3WE2
£190K02/230.32 mi15, Archers Court, Salisbury, Wiltshire SP1 3WE2
£198K12/200.36 miFlat 14, Bartholomew Court, Spire View, Salisbury, Wiltshire SP2 7GB2
£179K03/210.38 miFlat 7, Valentine Court, Spire View, Salisbury, Wiltshire SP2 7GP2
£170K07/210.38 mi22, St Ann Place, Salisbury, Wiltshire SP1 2SU2
£135K01/210.38 mi42, St Ann Place, Salisbury, Wiltshire SP1 2SU2
£172K11/200.38 mi40, St Ann Place, Salisbury, Wiltshire SP1 2SU2
£140K08/230.38 mi2, Cathedral Court, Salisbury, Wiltshire SP1 2SH2
£340K03/230.38 miFlat 12, Elizabeth Court, Cranebridge Road, Salisbury, Wiltshire SP2 7UX2
£290K03/230.38 miFlat 17, Elizabeth Court, Cranebridge Road, Salisbury, Wiltshire SP2 7UX2
£370K06/210.38 miFlat 21, Elizabeth Court, Cranebridge Road, Salisbury, Wiltshire SP2 7UX2
£500K04/210.38 miFlat 26, Elizabeth Court, Cranebridge Road, Salisbury, Wiltshire SP2 7UX2
£187.5K04/210.39 miFlat 4, Francis Court, Spire View, Salisbury, Wiltshire SP2 7GE2
£160K03/210.39 miFlat 9, Francis Court, Spire View, Salisbury, Wiltshire SP2 7GE2
£245K03/210.39 miFlat 1, Highmount, Shady Bower, Salisbury, Wiltshire SP1 2RE2
£178.9K02/210.41 miFlat 2, Bartholomew Court, Spire View, Salisbury, Wiltshire SP2 7GB2
£190K01/230.41 miFlat 1, Bartholomew Court, Spire View, Salisbury, Wiltshire SP2 7GB2
£480K06/210.43 miFlat 4, Harcourt Manor, Harcourt Terrace, Salisbury, Wiltshire SP2 7SR2
£199.9K09/210.44 miFlat 14, Augustine Court, Spire View, Salisbury, Wiltshire SP2 7GA2
£207K11/220.44 miFlat 20, Augustine Court, Spire View, Salisbury, Wiltshire SP2 7GA2
£200K06/230.44 miFlat 6, Augustine Court, Spire View, Salisbury, Wiltshire SP2 7GA2
£375K06/210.47 mi193, The Close, Salisbury, Wiltshire SP1 2EZ2
£210K03/210.48 miGround Floor Flat, 30, Victoria Road, Salisbury, Wiltshire SP1 3NG2
£127.5K02/210.48 mi8, The Brambles, Salisbury, Wiltshire SP1 3EY2
£222.5K06/230.52 mi13, York Road, Salisbury, Wiltshire SP2 7AS2
£185K08/210.52 mi3, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£185K06/230.52 mi20, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£195K04/230.52 mi28, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£176K06/210.52 mi25, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£149.9K06/210.55 mi30, The Brambles, Salisbury, Wiltshire SP1 3EZ2
£150K09/210.55 mi27, The Brambles, Salisbury, Wiltshire SP1 3EZ2
£240K02/230.56 mi22b, Sidney Street, Salisbury, Wiltshire SP2 7AH2

Local Rents

21 rents from £800/mo to £1.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,60009/240.1 miEndless Street Salisbury SP12
£1,20009/240.18 miElm Grove Road, Salisbury, Wiltshire2
£1,60009/240.24 mi-2
£1,20009/240.26 miPark Street, Salisbury2
£1,40009/240.28 miNew Street, Salisbury2
£1,15001/250.28 mi-2
£82509/240.28 miSALISBURY - Milford Hill2
£99509/240.31 miEstcourt Road, Salisbury2
£95009/240.38 miSalisbury2
£99509/240.39 miFrancis Court, Spire View2
£1,20009/240.4 miFisherton Street, Salisbury 2
£1,40012/230.42 mi-2
£1,40012/230.42 mi-2
£1,10009/240.47 miGeorge Street, Salisbury2
£80003/250.48 mi-2
£87509/240.48 miGeorge Street, Salisbury, Wiltshire2
£95009/240.53 miMeadow Road, Salisbury, SP22
£89509/240.55 mi-2
£1,00009/240.56 miSidney Street, Salisbury2
£1,30010/240.57 mi-2
£1,10009/240.61 miChurchfields Road, SALISBURY2

Local Area Statistics

Population in SP1

21,621

Population in Salisbury

93,605

Town centre distance

0.48 miles away

Nearest school

0.10 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+49%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £290,000

May 28, 2024

Floor Plans

Description

  • Ground Floor Flat +
  • Contemporary Finish +
  • Two Bedrooms +
  • En-Suite to Master Bedroom +
  • Open Plan Living +
  • Courtyard Garden +
  • Situated In The Heart Of The City +

SUMMARY
A contemporary ground floor flat situated in the heart of Salisbury city and offering an open plan kitchen/living area, en-suite to master bedroom, bathroom and courtyard garden. Salisbury offers a wide range of entertainment, shopping and cultural facilities.

DESCRIPTION
A contemporary ground floor flat situated in the heart of Salisbury city and offering an open plan kitchen/living area, en-suite to master bedroom, bathroom and courtyard garden. Salisbury offers a wide range of entertainment, shopping and cultural facilities.

Porch 
Door from entrance, door to bedroom.

Hallway 
Doors to lounge, bedroom and bathroom.

Open Plan Kitchen/ Living Area 21' 1" x 14' 4" ( 6.43m x 4.37m )
This contemporary modern kitchen comprises a drainer sink unit with mixer taps, wall and base units with worksurfaces over, built in oven, inset hob unit with extractor over, French doors to patio and rear aspect.

Master Bedroom 15' 6" x 10' 4" ( 4.72m x 3.15m )
Built in double wardrobe, built in single wardrobe, side aspect.

En-Suite 
Comprising a walk in double shower unit with metro tiled walls, wash hand basin with mixer taps in vanity unit, heated towel rail, WC and tiled floor.

Bedroom Two 12' 6" x 7' 11" ( 3.81m x 2.41m )
Front aspect.

Bathroom 
Comprising a panel enclosed bath with shower over, glass screen and metro tiled walls, wash hand basin with mixer taps in vanity unit, WC, heated towel rail, tiled floor.

Outside Space 
This low maintenance enclosed courtyard garden offers a patio sitting area, a feature slated fence panel and gravel borders.

Parking 
On street parking.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

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, Salisbury

01722 548988

Next Steps?

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