3 Bed Flat, Single Let, Salisbury, SP1 2RQ, £250,000

Shady Bower Close, Salisbury, SP1 2RQ - 1 views - 10 months ago

Leasehold
BTL
ROI: 1%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£180K - £665.3K
Sold Prices/m²£2.1K/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£261,071
BMV4%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Rent Range

£799 - £1,800

Rent Estimate

£1,056

Running Costs/mo

£1,012

Cashflow/mo

£44

Cashflow/yr

£523

ROI

1%

Gross Yield

5%

Local Sold Prices

7 sold prices from £180K to £665.3K, average is £290K. £2.1K/m² to £3.6K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£290K09/230.43 miFlat 2, Blackmore Museum, St Ann Place, Salisbury, Wiltshire SP1 2SU3
£230K04/210.74 mi63, St Marks Avenue, Salisbury, Wiltshire SP1 3DD3
£665.3K05/230.81 mi184, The Close, Salisbury, Wiltshire SP1 2EZ3
£186K03/231.18 mi86, Hollows Close, Harnham, Salisbury, Wiltshire SP2 8JX3
£460K12/201.29 mi72, Park Lane, Salisbury, Wiltshire SP1 3NP3
£460K11/211.65 mi2, Montague Road, Salisbury, Wiltshire SP2 8NJ3
£180K06/211.88 mi5, Centurion Close, Salisbury, Wiltshire SP2 9BL3

Local Rents

24 rents from £799/mo to £1.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,20009/240.37 mi-3
£1,20009/240.37 mi-3
£1,30009/240.45 miPennyfarthing Street, Salisbury, SP13
£1,25009/240.6 miSALISBURY - Atherton Court3
£1,35009/240.64 miSALISBURY - Wyndham Terrace3
£1,40009/240.66 miBelle Vue Road, Salisbury3
£1,40010/230.82 mi-3
£1,40010/230.82 mi-3
£1,55009/240.86 miMilton Road, SALISBURY3
£1,40009/240.87 miSteynings House, Chapel Place, Salisbury, Wiltshire, SP23
£1,05001/240.9 mi-3
£1,50009/240.93 miVictoria Road3
£1,45009/240.97 miCastle Road, Salisbury3
£1,80001/240.97 mi-3
£1,30012/241.02 mi-3
£79912/241.03 mi-3
£1,45011/241.04 mi-3
£1,45011/241.04 mi-3
£1,35003/251.14 mi-3
£1,02509/241.15 miHollows Close, Salisbury, Wiltshire, SP23
£1,35003/251.17 mi-3
£1,10009/241.17 miDevizes Road, Salisbury3
£1,70009/241.18 miFrancis Way, Harnham, Salisbury3
£1,25009/241.21 miSwallowmead, Salisbury3

Local Area Statistics

Population in SP1

21,621

Population in Salisbury

93,605

Town centre distance

0.91 miles away

Nearest school

0.10 miles away

Nearest train station

1.06 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+49%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £250,000

June 12, 2024

Sold for £217,000

2014

Sold for £212,500

2013

Sold for £190,000

2007

Sold for £207,000

2006

Sold for £135,000

1999

Floor Plans

Description

  • Three Bedrooms +
  • 23' 1" x 23' 10" Lounge/ Dining Room +
  • Separate Kitchen +
  • Two Balconies +
  • Far Reaching Views +
  • Garage & Communal Parking +

SUMMARY
This spacious three bedroom top floor flat benefits from outdoor space, sitting balcony with pleasant far reaching views. The property is situated within walking distance to Salisbury city centre offering a shopping, cultural facilities and a direct train services to London Waterloo and Southampton

DESCRIPTION
This spacious three bedroom top floor flat benefits from a 23' 1" x 23' 10" lounge/ dining room, outdoor space, sitting balcony with pleasant far reaching views. The property is situated within walking distance to Salisbury city centre offering a range of entertainment, shopping, cultural facilities and a direct train services to London Waterloo and Southampton.

Entrance Hall 
Doors to Lounge / Dining Room, Kitchen, Bedroom Two, Bedroom One, Bathroom, Cloakroom & Balcony

Lounge / Dining Room 23' 1" max x 23' 10" max ( 7.04m max x 7.26m max )
Doors to balcony and bedroom three, dual aspect

Kitchen 11' 5" x 10' 5" ( 3.48m x 3.17m )
Comprising wall and base units with work top over, single stainless steel sink drainer with mixer tap, integrated oven, gas hob with extractor over, space for washing machine and fridge freezer, rear aspect.

Bedroom One 15' 9" x 11' 11" ( 4.80m x 3.63m )
Door to balcony, triple built in wardrobes, dual aspect

Bedroom Two 9' 10" x 11' 5" ( 3.00m x 3.48m )
Double built in wardrobe, rear aspect

Bedroom Three 6' x 7' 7" ( 1.83m x 2.31m )
Door to lounge /dining room, rear aspect

Four Piece Bathroom 
Comprising of a panel enclosed bath, shower cubicle, wash hand basin, WC.

Cloakroom 
Wash hand basin, WC, front aspect

Outside 
Two balconies, one accessed from lounge /diner, larger patio accessed from bedroom one. Larger patio provides entertaining space with pleasant far reaching views.

Garage & Parking 
Private garage and communal parking at the rear of the building.

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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