2 Bed Bungalow, Refurb/BRRR, Salisbury, SP1 3HE, £255,000

Stockwood Close, Salisbury, SP1 3HE - 9 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~61 m²
+10 photos

ValuationOvervalued

Sold Prices£182.5K - £350K
Sold Prices/m²£3K/m² - £6.6K/m²

 

 

Square Metres

~60.90 m²
Price/m²£4.2K/m²

Value Estimate

£230,802

 

 

End Value (After Refurb)

£242,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£63,750

Stamp Duty & Legal Fees

£14,200

Refurb Costs

£24,688

Bridging Loan Interest

£6,694

Total Cash In

£111,082

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£242,500

Mortgage (After Refinance)

£181,875

Mortgage LTV

75%

Cash Left In

£111,082

Equity

£60,625

Rent Range

£800 - £1,600

Rent Estimate

£1,111

Running Costs/mo

£1,000

Cashflow/mo

£111

Cashflow/yr

£1,332

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £182.5K to £350K, average is £245K. £3K/m² to £6.6K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£310K04/230 mi4, Stockwood Close, Salisbury, Wiltshire SP1 3HE2
£239.9K10/200.24 mi25, Linkway, Salisbury, Wiltshire SP1 3EP2
£239.9K11/200.24 mi29, Linkway, Salisbury, Wiltshire SP1 3EP2
£253K06/230.25 mi4, Grange Gardens, Salisbury, Wiltshire SP1 3DG2
£240K10/210.28 mi52, Barrington Road, Salisbury, Wiltshire SP1 3JD2
£240K01/210.28 mi46, Barrington Road, Salisbury, Wiltshire SP1 3JD2
£200K12/210.34 mi25, Blyth Way, Salisbury, Wiltshire SP1 3HU2
£255K10/200.38 mi7, Anderson Road, Salisbury, Wiltshire SP1 3DX2
£350K08/230.43 mi40, St Marks Road, Salisbury, Wiltshire SP1 3AZ2
£215K02/230.43 mi92, St Marks Road, Salisbury, Wiltshire SP1 3AZ2
£240K07/230.47 mi81, Bingham Road, Salisbury, Wiltshire SP1 3EB2
£350K09/210.47 mi76, Park Street, Salisbury, Wiltshire SP1 3AU2
£344K02/230.48 mi68, Park Street, Salisbury, Wiltshire SP1 3AU2
£237.5K05/210.48 mi19, Hoadley Green, Salisbury, Wiltshire SP1 3HS2
£280K06/210.49 mi29, Park Street, Salisbury, Wiltshire SP1 3AT2
£227K05/210.49 mi3, Wyndham Park, Salisbury, Wiltshire SP1 3BA2
£239.5K04/230.5 mi5, Fairview Road, Salisbury, Wiltshire SP1 1JX2
£230K02/210.5 mi2, Fairview Road, Salisbury, Wiltshire SP1 1JX2
£262.5K01/230.54 mi11, College Street, Salisbury, Wiltshire SP1 3AL2
£225K01/230.56 mi27, St Judes Close, Bishopdown, Salisbury, Wiltshire SP1 3FA2
£195K03/210.6 mi9, St Judes Close, Bishopdown, Salisbury, Wiltshire SP1 3FA2
£234K09/210.6 mi11, St Judes Close, Bishopdown, Salisbury, Wiltshire SP1 3FA2
£217K01/210.6 mi30, St Judes Close, Bishopdown, Salisbury, Wiltshire SP1 3FA2
£275K10/220.6 mi19, Laverstock Road, Salisbury, Wiltshire SP1 1LE2
£285K10/200.62 mi1, Beechcroft Road, Laverstock, Salisbury, Wiltshire SP1 1PF2
£272.5K04/210.64 mi9, Greenwood Avenue, Laverstock, Salisbury, Wiltshire SP1 1PD2
£272.5K06/210.64 mi11, Melvin Close, Laverstock, Salisbury, Wiltshire SP1 1PG2
£292.5K11/200.64 mi88, Downsway, Salisbury, Wiltshire SP1 3QW2
£250.6K12/220.65 mi55, Elm Grove Road, Salisbury, Wiltshire SP1 1JW2
£310K09/230.67 mi37, Greenwood Avenue, Laverstock, Salisbury, Wiltshire SP1 1PE2
£295K09/210.67 mi37, Hamilton Road, Salisbury, Wiltshire SP1 3TF2
£275K10/200.67 mi57, Hamilton Road, Salisbury, Wiltshire SP1 3TF2
£285K01/230.69 mi15, The Greencroft, Salisbury, Wiltshire SP1 1JD2
£280K04/210.7 mi68, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EQ2
£218K10/200.7 mi58, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EQ2
£205K02/210.7 mi49, Sunnyhill Road, Salisbury, Wiltshire SP1 3QJ2
£245K06/230.7 mi47, Sunnyhill Road, Salisbury, Wiltshire SP1 3QJ2
£245K09/210.71 mi2, Oakway Road, Salisbury, Wiltshire SP1 3QN2
£240K01/230.71 mi60, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EQ2
£237.5K06/210.71 mi13, Hamilton Road, Salisbury, Wiltshire SP1 3TF2
£258K05/230.71 mi2, Oakway Road, Salisbury, Wiltshire SP1 3QN2
£250K02/230.72 mi38, Greencroft Street, Salisbury, Wiltshire SP1 1JE2
£263K12/220.72 mi11, Greencroft Street, Salisbury, Wiltshire SP1 1JF2
£260K08/210.72 mi12, Butts Road, Salisbury, Wiltshire SP1 3ND2
£250K05/230.73 mi19, Greencroft Street, Salisbury, Wiltshire SP1 1JF2
£182.5K11/220.76 mi37, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF2
£200K08/230.77 mi11, Hillview Road, Salisbury, Wiltshire SP1 1HX2
£200K03/230.77 mi4, Hillview Road, Salisbury, Wiltshire SP1 1HX2
£205K11/200.79 mi13, Milford Hill, Salisbury, Wiltshire SP1 2QX2
£235K01/210.81 mi55, Waters Road, Salisbury, Wiltshire SP1 3NU2

Local Rents

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

RentDateDistanceAddressBeds 
£99509/240.43 miEstcourt Road, Salisbury2
£1,20009/240.47 miPark Street, Salisbury2
£1,20009/240.68 miElm Grove Road, Salisbury, Wiltshire2
£82509/240.78 miSALISBURY - Milford Hill2
£1,00009/240.82 miLindford Road, Bishopdown, SALISBURY2
£1,60009/240.83 miEndless Street Salisbury SP12
£1,05009/240.83 miStratford Road, Salisbury2
£1,15001/250.83 mi-2
£1,25004/250.92 mi-2
£1,20009/240.93 miHowes Crescent, Bishopdown, SALISBURY2
£95009/240.93 miSalisbury2
£1,60009/240.95 mi-2
£99509/240.97 miFrancis Court, Spire View2
£87509/240.99 miGeorge Street, Salisbury, Wiltshire2
£1,10009/240.99 miGeorge Street, Salisbury2
£1,40009/241.02 miNew Street, Salisbury2
£95009/241.02 miMeadow Road, Salisbury, SP22
£89509/241.04 mi-2
£1,40012/231.05 mi-2
£1,40012/231.05 mi-2
£1,20009/241.05 miFisherton Street, Salisbury 2
£1,00009/241.06 miSidney Street, Salisbury2
£1,10009/241.07 miSALISBURY - Ashley Road2
£1,30010/241.11 mi-2
£80003/251.13 mi-2
£82507/241.15 mi-2
£1,25004/251.16 mi-2
£1,05012/231.23 mi-2

Local Area Statistics

Population in SP1

21,621

Population in Salisbury

93,605

Town centre distance

1.18 miles away

Nearest school

0.30 miles away

Nearest train station

1.19 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+49%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Price changed to £255,000

January 31, 2025

Listed for £270,000

July 13, 2024

Floor Plans

Description

  • Two Bedroom Semi Detached Bungalow +
  • Potential To Extend To The Rear & Side (STPP) +
  • Stunning Views Across The Surrounding Countryside +
  • Separate Lounge & Kitchen +
  • 1.3 Miles To Salisbury Train Station +
  • Private Front & Rear Garden +
  • Driveway For Multiple Cars +
  • In Need Of Modernisation +
  • Close To Great Primary & Secondary Schools +
  • Double Glazed & Central Heating +

The Property
Two bedroom semi detached bungalow in need of some modernisation with a spacious lounge, separate kitchen, private front & rear garden with stunning views, driveway, potential to extend to the side & rear (STPP) and within 1.3 miles of Salisbury Train Station.

Entering the property, the lounge is to the front of the house with fireplace to one side. There is a separate kitchen with cupboard space to two sides, space & plumbing for a cooker & washing machine and a door leading out to the side of the property. There are two double bedrooms both looking out to the rear garden and the family bathroom has a bath, w/c, hand basin & towel rail.

Outside - To the front there is a driveway for multiple vehicles and front garden area surrounded by mature shrubs. The private rear garden has a lawn surrounded by mature shrubs & trees with views overlooking the surrounding countryside.

Location
The property is located 1.3 miles from Salisbury Train Station with half-hourly services to London Waterloo and hourly to Exeter St Davids. There are also hourly regional services between Portsmouth Harbour and Cardiff Central via Bristol Temple Meads.

For primary schools, Chafyn Grove School, St Andrew's Church of England Voluntary Aided Primary School, Laverstock, Wyndham Park Infants' School & St Mark's CofE Junior School, Salisbury are all within 0.4 miles.
For secondary schools, both Chafyn Grove School & Wyvern St Edmund's are within 0.4 miles and both Exeter House Special School & Leehurst Swan School are within 0.5 miles.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Salisbury

020 3910 6548

Next Steps?

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