3 Bed Semi-Detached House, Refurb/BRRR, Salisbury, SP2 8AG, £300,000

Burford Avenue, Salisbury, SP2 8AG - 1 views - 10 months ago

Sold STC
Refurb/BRRR
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£198K - £615K
Sold Prices/m²£2.4K/m² - £5.8K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£333,134

 

 

End Value (After Refurb)

£338,784

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£15,500

Refurb Costs

£38,000

Bridging Loan Interest

£7,875

Total Cash In

£138,125

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£338,784

Mortgage (After Refinance)

£254,088

Mortgage LTV

75%

Cash Released

£29,088

Cash Left In

£109,037

Equity

£84,696

Rent Range

£1,025 - £1,800

Rent Estimate

£1,386

Running Costs/mo

£1,356

Cashflow/mo

£30

Cashflow/yr

£361

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £198K to £615K, average is £307.5K. £2.4K/m² to £5.8K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£400K10/210 mi19, Burford Avenue, Salisbury, Wiltshire SP2 8AG3
£265K01/210.03 mi36, Chichester Close, Salisbury, Wiltshire SP2 8AQ3
£330K03/210.07 mi9, Burford Road, Salisbury, Wiltshire SP2 8AN3
£305K10/200.08 mi18, St Clair Road, Salisbury, Wiltshire SP2 8AE3
£258K07/210.12 mi29, Woodbury Gardens, Harnham, Salisbury, Wiltshire SP2 8QA3
£244K01/210.12 mi67, Woodbury Gardens, Harnham, Salisbury, Wiltshire SP2 8QA3
£265K01/210.12 mi25, Woodbury Gardens, Harnham, Salisbury, Wiltshire SP2 8QA3
£249.7K04/210.12 mi35, Woodbury Gardens, Salisbury, Wiltshire SP2 8QA3
£370K02/210.13 mi70, Burford Lane, Salisbury, Wiltshire SP2 8AP3
£405K11/210.17 mi21, Highlands Road, Salisbury, Wiltshire SP2 8EG3
£475K02/210.17 mi12, Highlands Road, Salisbury, Wiltshire SP2 8EG3
£435K06/210.17 mi108, Coombe Road, Salisbury, Wiltshire SP2 8BD3
£405.1K10/210.17 mi116, Coombe Road, Salisbury, Wiltshire SP2 8BD3
£285K02/210.17 mi27, Ancient Way, Salisbury, Wiltshire SP2 8TE3
£269.9K11/200.21 mi18, Senior Drive, Salisbury, Wiltshire SP2 8QD3
£375K12/210.25 mi109, Downton Road, Salisbury, Wiltshire SP2 8AT3
£290K01/210.25 mi65, Downton Road, Salisbury, Wiltshire SP2 8AT3
£215K02/210.27 mi5a, Old Street, Salisbury, Wiltshire SP2 8JL3
£257K07/230.27 mi1, Old Street, Salisbury, Wiltshire SP2 8JL3
£258K01/230.27 miHillsboro, Old Street, Salisbury, Wiltshire SP2 8JL3
£215K02/210.27 mi5a, Old Street, Salisbury, Wiltshire SP2 8JL3
£300K06/230.27 mi19, Old Street, Salisbury, Wiltshire SP2 8JL3
£380K11/200.27 mi17, Harnham Road, Salisbury, Wiltshire SP2 8JG3
£412.5K08/230.28 mi12, Bouverie Avenue, Salisbury, Wiltshire SP2 8DT3
£615K09/210.29 mi53, Harnham Road, Salisbury, Wiltshire SP2 8JJ3
£365K08/230.29 mi9, Rowbarrow Lane, Salisbury, Wiltshire SP2 8BY3
£395K05/230.3 mi50, Harnham Road, Salisbury, Wiltshire SP2 8JJ3
£255K04/210.34 mi7, Bouchers Way, Salisbury, Wiltshire SP2 8RW3
£210K03/210.36 mi31, Martins Close, Salisbury, Wiltshire SP2 8JF3
£210K05/210.36 mi19, Martins Close, Salisbury, Wiltshire SP2 8JF3
£420.5K12/200.37 mi37, Bouverie Avenue, Salisbury, Wiltshire SP2 8DU3
£450K11/210.4 mi6, Old Blandford Road, Salisbury, Wiltshire SP2 8DQ3
£385K04/210.41 mi176, Coombe Road, Salisbury, Wiltshire SP2 8BN3
£410K01/230.41 mi176, Coombe Road, Salisbury, Wiltshire SP2 8BN3
£495K03/210.42 mi6, Francis Way, Salisbury, Wiltshire SP2 8EF3
£240K11/200.43 mi16, Swallowmead, Salisbury, Wiltshire SP2 8JD3
£600K10/200.44 mi4, Grasmere Close, Salisbury, Wiltshire SP2 8DG3
£399K02/230.49 mi5, Kingfisher Close, Salisbury, Wiltshire SP2 8JE3
£285K06/210.49 mi20, Friars Orchard, Salisbury, Wiltshire SP1 2SY3
£295K04/230.49 mi3, Friars Orchard, Salisbury, Wiltshire SP1 2SY3
£455K03/230.5 mi21, Falcons Way, Salisbury, Wiltshire SP2 8NR3
£330K06/210.51 mi65, St Ann Place, Salisbury, Wiltshire SP1 2SU3
£310K08/210.53 mi61, St Ann Place, Salisbury, Wiltshire SP1 2SU3
£610K06/210.53 mi115, Bouverie Avenue South, Salisbury, Wiltshire SP2 8EA3
£340K09/230.54 mi10, Greens Court, Salisbury, Wiltshire SP1 2SX3
£300K06/210.55 mi1, Bouverie Close, Salisbury, Wiltshire SP2 8DY3
£275K02/230.56 mi12, St Ann Street, Salisbury, Wiltshire SP1 2DN3
£198K02/210.57 mi19, Polden Road, Salisbury, Wiltshire SP1 2JU3
£280K03/230.59 mi21, Hollows Close, Harnham, Salisbury, Wiltshire SP2 8JU3
£260K11/200.59 mi9, Hollows Close, Salisbury, Wiltshire SP2 8JU3

Local Rents

21 rents from £1K/mo to £1.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40010/230.22 mi-3
£1,40010/230.22 mi-3
£1,55009/240.3 miMilton Road, SALISBURY3
£1,70009/240.42 miFrancis Way, Harnham, Salisbury3
£1,25009/240.43 miSwallowmead, Salisbury3
£1,45010/240.46 mi-3
£1,45010/240.46 mi-3
£1,02509/240.6 miHollows Close, Salisbury, Wiltshire, SP23
£1,30009/240.78 miPennyfarthing Street, Salisbury, SP13
£1,05001/240.95 mi-3
£1,40009/240.97 miSteynings House, Chapel Place, Salisbury, Wiltshire, SP23
£1,20009/240.97 mi-3
£1,20009/240.97 mi-3
£1,80001/241 mi-3
£1,40009/241.03 miBelle Vue Road, Salisbury3
£1,45009/241.1 miNetherhampton Road, Salisbury3
£1,35009/241.16 miSALISBURY - Wyndham Terrace3
£1,30012/241.22 mi-3
£1,35004/251.22 mi-3
£1,50001/251.24 mi-3
£1,50001/251.24 mi-3

Local Area Statistics

Population in SP2

28,823

Population in Salisbury

93,605

Town centre distance

0.86 miles away

Nearest school

0.30 miles away

Nearest train station

1.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Price changed to £300,000

January 31, 2025

Price changed to £325,000

December 26, 2024

Listed for £335,000

June 28, 2024

Floor Plans

Description

  • Semi-detached +
  • Three bedrooms +
  • Sought after location +
  • Potential for modernisation +
  • Off road parking space +
  • No onward chain +

SUMMARY
A three bedroom semi-detached house in Salisbury. The property, which has no onward chain, offers potential for modernisation and is situated in a sought after area just a mile from the centre of the historic city of Salisbury and it's many shopping, entertainment and cultural facilities.

DESCRIPTION
Offering to the market this traditional style semi-detached house in Burford Avenue, Salisbury. The property comprises of a lounge, dining room and kitchen on the ground floor and three bedrooms and a bathroom on the first floor. There is an enclosed rear garden and a front garden plus an off road parking space for one car.

Entrance Hall 
Doors to lounge and dining room, stairs to first floor

Lounge 17' 8" x 11' 9" + bay ( 5.38m x 3.58m + bay )
Brick fireplace, bay window to front aspect.

Dining Room 14' 9" max x 11' 8" max ( 4.50m max x 3.56m max )
Tiled fireplace, built in cupboard, wall and base unit with work surface over, rear aspect

Kitchen 6' 3" x 6' 5" ( 1.91m x 1.96m )
Comprising wall and base units, stainless steel sink/drainer, space for cooker, space for washing machine

Landing 
Doors to bedrooms and bathroom

Bedroom One 14' 9" x 11' 8" ( 4.50m x 3.56m )
Built-in cupboard, rear aspect

Bedroom Two 11' 9" x 11' ( 3.58m x 3.35m )
Front aspect

Bedroom Three 8' 8" x 6' 4" ( 2.64m x 1.93m )
Front aspect

Bathroom 
Comprising a panel enclosed bath with overhead shower, wash hand basin and WC.

Outside 

Rear Garden 
Enclosed by wood panel fencing, patio area, mostly laid to lawn, with mature plants borders, a small storage shed and gated access to side

Front Garden 
Small lawn with boundary hedge and mature shrub

Driveway 
Parking space for one car and additional on road parking

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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