2 Bed Flat, Cash/Bridging Only, Warminster, BA12 9AY, £100,000

Market Place, Warminster, BA12 9AY - 8 months ago

Leasehold

Cash

~78 m²

+13 photos

ValuationUndervalued

Sold Prices	£120K - £170K
Sold Prices/m²	£1.8K/m² - £3.1K/m²

Square Metres	~78 m²
Price/m²	£1.3K/m²
Value Estimate	£103,000£103,000
BMV	3%

End Value (After Refurb)	£215,825£215,825
Uplift in Value	+116%+116%
You could potentially get back more cash than you put into this deal. All your cash out plus £19,488 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£25,000£25,000
Stamp Duty & Legal Fees	£6,200£6,200
Refurb Costs	£31,806£31,806
Bridging Loan Interest	£2,625£2,625
Total Cash In	£67,381£67,381

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£215,825£215,825
Agent Fees (1%)	£2,158£2,158
Bridging Loan	£75,000£75,000
Bridging Loan Interest	£2,625£2,625
Flip Profit	£71,286£71,286

Local Sold Prices

18 sold prices from £120K to £170K, average is £140.7K. £1.8K/m² to £3.1K/m², average is £2.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£148K	08/22	0.05 mi	Flat 1, Shaftesbury House, Weymouth Street, Warminster, Wiltshire BA12 9NP	-	-	2	Flat
£127K	04/23	0.17 mi	11, Buttons Yard, Warminster, Wiltshire BA12 9NZ	£2,913	44	2	Flat
£122K	08/23	0.17 mi	9, Buttons Yard, Warminster, Wiltshire BA12 9NZ	£2,309	53	2	Flat
£139.9K	05/22	0.18 mi	Flat 63, Homeminster House, Station Road, Warminster, Wiltshire BA12 9BP	-	-	2	Flat
£170K	06/23	0.18 mi	17, Old Were Court, Warminster, Wiltshire BA12 8FG	£2,615	65	2	Flat
£130K	03/21	0.18 mi	8, Old Were Court, Warminster, Wiltshire BA12 8FG	£2,766	47	2	Flat
£163.5K	09/23	0.18 mi	18, Old Were Court, Warminster, Wiltshire BA12 8FG	£3,144	52	2	Flat
£125K	06/22	0.29 mi	3b, Silver Street, Warminster, Wiltshire BA12 8PS	£2,829	44	2	Flat
£126K	10/20	0.32 mi	26, Imberwood Close, Warminster, Wiltshire BA12 9DZ	£1,826	69	2	Flat
£127K	06/21	0.32 mi	27, Imberwood Close, Warminster, Wiltshire BA12 9DZ	-	-	2	Flat
£143K	08/23	0.32 mi	24, Imberwood Close, Warminster, Wiltshire BA12 9DZ	£2,388	60	2	Flat
£141.5K	12/20	0.53 mi	27, Pound Street, Warminster, Wiltshire BA12 8NL	£2,775	51	2	Flat
£120K	09/21	0.54 mi	Flat 4, Prestbury Court, Prestbury Drive, Warminster, Wiltshire BA12 9LB	-	-	2	Flat
£141.5K	01/23	0.66 mi	6, Chalfield Close, Warminster, Wiltshire BA12 8PR	£2,948	48	2	Flat
£168K	11/22	0.75 mi	40, Camellia Drive, Warminster, Wiltshire BA12 7RP	£2,507	67	2	Flat
£148K	05/23	0.76 mi	55, Camellia Drive, Warminster, Wiltshire BA12 7RR	£2,000	74	2	Flat
£144.1K	10/22	1.01 mi	32, Swaledale Road, Warminster, Wiltshire BA12 8FJ	£2,540	57	2	Flat
£130K	05/22	1.02 mi	30, Swaledale Road, Warminster, Wiltshire BA12 8FJ	£2,291	57	2	Flat

Local Rents

15 rents from £750/mo to £975/mo, average is £850/mo.

Rent	Date	Distance	Address	Beds	Type
£750	12/24	0.01 mi	Market Place, Warminster	2	Flat
£950	10/23	0.1 mi	-	2	Terraced House
£925	12/24	0.26 mi	Imber Road, Warminster	2	Flat
£850	12/24	0.29 mi	Silver Street, Warminster, Wiltshire, BA12	2	Flat
£775	12/24	0.29 mi	Imber Road, Warminster	2	Flat
£875	11/23	0.3 mi	-	2	Terraced House
£875	11/23	0.3 mi	-	2	Terraced House
£895	01/25	0.41 mi	-	2	Bungalow
£750	12/23	0.46 mi	-	2	Bungalow
£975	06/24	0.46 mi	-	2	Terraced House
£925	12/24	0.64 mi	West Street, Warminster	2	Terraced House
£800	12/24	0.75 mi	-	2	Flat
£850	12/24	0.89 mi	Pepper Place, Warminster	2	Flat
£825	12/24	0.89 mi	Pepper Place, Warminster	2	Flat
£825	12/24	0.89 mi	Pepper Place, Warminster	2	Flat

Local Area Statistics

Population in BA12	28,53728,537
Town centre distance	0.25 miles away0.25 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.21 miles away0.21 miles away

Rental growth (12m)	-16%-16%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Price changed to £100,000

March 4, 2025

Listed for £110,000

August 7, 2024

Floor Plans

Description

TWO BEDROOMS OR A FURTHER LARGE LIVING SPACE +
CENTRAL WARMINSTER LOCATION +
CLOSE TO SCHOOLS, AMENITIES AND TRANSPORT LINKS +
PERIOD FEATURES +
COMMUNAL COURTYARD +
OPEN PLAN LIVING +
CASH BUYERS ONLY +
NO ONWARD CHAIN +

Charming 2-bedroom period apartment in central Warminster. This property boasts elegant interiors, high ceilings, and abundant natural light. Ideal for professionals seeking a central location or investors looking for a buy to let.

Situated in the heart of Warminster this period apartment offers a perfect blend of historic charm and convenience. Vesatile space that can be used as a one bedroom or two bedroom. The apartment features a spacious living area, a fully equipped kitchen, and a modern bathroom. Residents can enjoy access to communal courtyard gardens. With excellent transport links and amenities right on the doorstep, this property offers a convenient and comfortable lifestyle in a sought-after location.

Located in a highly sought after area of Warminster and in a designated 'Home Zone' it provides a safe place for families and children to play and live. The popular town of Warminster benefits from the main line railway station to London Waterloo. The nearby A303 provides excellent road links to London to the east and Exeter to the west and the A36 journey to Salisbury is 14 miles away. Nearby attractions include Longleat House and Safari Park, Shearwater Lake, Stourhead and the Salisbury Plain. The town has a vibrant and diverse mix of shopping facilities with three supermarkets, Waitrose, Lidl and Morrisons. There are several gyms to take advantage of, leisure centre with swimming pool and for those that enjoy the outdoors, the town boasts a beautiful recreation park, perfect for a dog walk or relaxing on a Sunday afternoon.

AGENTS NOTES: CASH BUYERS ONLY.
An Annual parking permit is possible to purchase through the council. The property needs roof repairs and a specialist is due to give an estimate of costs involved.

Ground rent = £250 per annum per flat. Service charge is currently £125 per quarter per flat

Agent Details

Davies & Davies, Westbury

01373 481109

Next Steps?

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