2 Bed Terraced House, Refurb/BRRR, Salisbury, SP1 2QX, £175,000

20 Milford Hill, Salisbury, Wiltshire, SP1 2QX - 2 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£150K - £392.5K
Sold Prices/m²£2.6K/m² - £6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£180,250
BMV3%

 

 

End Value (After Refurb)

£227,037

Uplift in Value

+30%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,450

Refurb Costs

£27,612

Bridging Loan Interest

£4,594

Total Cash In

£84,155

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£227,037

Mortgage (After Refinance)

£170,277

Mortgage LTV

75%

Cash Released

£39,027

Cash Left In

£45,128

Equity

£56,759

Rent Range

£800 - £1,850

Rent Estimate

£1,123

Running Costs/mo

£954

Cashflow/mo

£169

Cashflow/yr

£2,027

ROI

2%

Gross Yield

8%

Local Sold Prices

51 sold prices from £150K to £392.5K, average is £250K. £2.6K/m² to £6K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£205K11/200.01 mi13, Milford Hill, Salisbury, Wiltshire SP1 2QX2
£200K03/230.08 mi4, Hillview Road, Salisbury, Wiltshire SP1 1HX2
£200K08/230.08 mi11, Hillview Road, Salisbury, Wiltshire SP1 1HX2
£295K08/230.09 mi29, Rampart Road, Salisbury, Wiltshire SP1 2LU2
£325K01/210.1 mi5, Tollgate Road, Salisbury, Wiltshire SP1 2JA2
£250.6K12/220.14 mi55, Elm Grove Road, Salisbury, Wiltshire SP1 1JW2
£392.5K02/210.19 mi76, St Ann Street, Salisbury, Wiltshire SP1 2DX2
£250K02/230.19 mi38, Greencroft Street, Salisbury, Wiltshire SP1 1JE2
£285K01/230.2 mi15, The Greencroft, Salisbury, Wiltshire SP1 1JD2
£190K04/210.2 mi27, Pennyfarthing Street, Salisbury, Wiltshire SP1 1HJ2
£222K07/230.2 mi131, Love Lane, Salisbury, Wiltshire SP1 2BG2
£222K07/230.2 mi131, Love Lane, Salisbury, Wiltshire SP1 2BG2
£250K05/230.2 mi19, Greencroft Street, Salisbury, Wiltshire SP1 1JF2
£263K12/220.21 mi11, Greencroft Street, Salisbury, Wiltshire SP1 1JF2
£275K10/220.21 mi19, Laverstock Road, Salisbury, Wiltshire SP1 1LE2
£182.5K11/220.24 mi37, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF2
£279.9K01/210.25 mi6, Marina Road, Salisbury, Wiltshire SP1 2JN2
£150K06/230.26 mi46, St Ann Place, Salisbury, Wiltshire SP1 2SU2
£220K06/210.26 mi3, Greens Court, Salisbury, Wiltshire SP1 2SX2
£240K01/230.28 mi60, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EQ2
£230K02/210.28 mi2, Fairview Road, Salisbury, Wiltshire SP1 1JX2
£239.5K04/230.28 mi5, Fairview Road, Salisbury, Wiltshire SP1 1JX2
£280K04/210.29 mi68, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EQ2
£256K11/210.3 mi12, St Ann Street, Salisbury, Wiltshire SP1 2DN2
£230K04/210.31 mi41, Waterloo Road, Salisbury, Wiltshire SP1 2JR2
£280K10/230.34 mi28, Bower Gardens, Salisbury, Wiltshire SP1 2RL2
£235K07/210.34 mi7, Polden Road, Salisbury, Wiltshire SP1 2JU2
£220K06/230.34 mi20, Polden Road, Salisbury, Wiltshire SP1 2JU2
£209K09/210.34 mi23, Avon Place, Salisbury, Wiltshire SP1 2ET2
£226K04/210.35 mi6, Farley Road, Salisbury, Wiltshire SP1 2JZ2
£262.5K01/230.36 mi11, College Street, Salisbury, Wiltshire SP1 3AL2
£227.5K03/210.38 mi30, Friary Lane, Salisbury, Wiltshire SP1 2HA2
£202.5K05/210.38 miOrchard Cottage, Friary Lane, Salisbury, Wiltshire SP1 2HA2
£280K06/210.39 mi29, Park Street, Salisbury, Wiltshire SP1 3AT2
£350K09/210.4 mi76, Park Street, Salisbury, Wiltshire SP1 3AU2
£344K02/230.43 mi68, Park Street, Salisbury, Wiltshire SP1 3AU2
£272.5K04/210.47 mi9, Greenwood Avenue, Laverstock, Salisbury, Wiltshire SP1 1PD2
£215K02/230.48 mi92, St Marks Road, Salisbury, Wiltshire SP1 3AZ2
£350K08/230.48 mi40, St Marks Road, Salisbury, Wiltshire SP1 3AZ2
£227K05/210.54 mi3, Wyndham Park, Salisbury, Wiltshire SP1 3BA2
£272.5K06/210.57 mi11, Melvin Close, Laverstock, Salisbury, Wiltshire SP1 1PG2
£253K06/230.58 mi4, Grange Gardens, Salisbury, Wiltshire SP1 3DG2
£237.5K06/210.59 mi13, Hamilton Road, Salisbury, Wiltshire SP1 3TF2
£310K09/230.6 mi37, Greenwood Avenue, Laverstock, Salisbury, Wiltshire SP1 1PE2
£245K06/210.62 mi14, Water Lane, Salisbury, Wiltshire SP2 7TE2
£275K10/200.62 mi57, Hamilton Road, Salisbury, Wiltshire SP1 3TF2
£295K09/210.62 mi37, Hamilton Road, Salisbury, Wiltshire SP1 3TF2
£325K01/230.62 mi14, Water Lane, Salisbury, Wiltshire SP2 7TE2
£265K08/210.67 mi15, South Street, Salisbury, Wiltshire SP2 7SE2
£271K04/230.68 mi7, South Street, Salisbury, Wiltshire SP2 7SE2
£229.9K01/210.71 mi37, Harnham Road, Salisbury, Wiltshire SP2 8JG2

Local Rents

36 rents from £800/mo to £1.9K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£82509/240 miSALISBURY - Milford Hill2
£1,15012/240.06 mi-2
£1,20009/240.14 miElm Grove Road, Salisbury, Wiltshire2
£1,60009/240.27 mi-2
£1,60009/240.33 miEndless Street Salisbury SP12
£1,40009/240.38 miNew Street, Salisbury2
£1,20009/240.38 miPark Street, Salisbury2
£99509/240.38 miEstcourt Road, Salisbury2
£1,20009/240.63 miFisherton Street, Salisbury 2
£95009/240.66 miSalisbury2
£1,40012/230.66 mi-2
£1,40012/230.66 mi-2
£99509/240.66 miFrancis Court, Spire View2
£80002/250.71 mi-2
£1,10009/240.74 miGeorge Street, Salisbury2
£87509/240.76 miGeorge Street, Salisbury, Wiltshire2
£95009/240.81 miMeadow Road, Salisbury, SP22
£89509/240.82 mi-2
£1,10009/240.83 miChurchfields Road, SALISBURY2
£1,00009/240.83 miSidney Street, Salisbury2
£1,30009/240.84 mi-2
£1,30005/240.87 mi-2
£1,85002/240.87 mi-2
£1,25004/250.89 mi-2
£1,10012/240.89 mi-2
£1,00009/240.92 miSalisbury2
£95002/240.93 mi-2
£1,10009/240.95 miSALISBURY - Ashley Road2
£1,10009/240.99 miChurchfields Road, Salisbury2
£82507/241 mi-2
£1,00002/241 mi-2
£1,05009/241.05 miStratford Road, Salisbury2
£1,05012/231.06 mi-2
£1,05002/251.15 mi-2
£99510/241.16 mi-2
£99509/241.2 mi-2

Local Area Statistics

Population in SP1

21,621

Population in Salisbury

93,605

Town centre distance

0.67 miles away

Nearest school

0.10 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+49%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £175,000

September 19, 2024

Floor Plans

Description

  • An older style terraced house +
  • Requiring refurbishment, +
  • Conveniently located +
  • Easy access to the city centre. +
  • Two bedrooms +

An older style terraced house REQUIRING REFURBISHMENT, conviently located with easy access to the city centre. NO ONWARD CHAIN.

20 Milford Hill an older style mid terrace house, is being offered for sale with NO FORWARD CHAIN and REQUIRES MODERNISATION.

The property is conveniently located with good access to the city centre. .

PVCu door opens into the Sitting room, PVCu double glazed window to the front, fire place and gas fire.

Kitchen at the rear, is a basic room, with PVCu double glazed window. Work surface, inset sink, space for cooker, plumbing for washing machine, base and wall units. Stairs to first floor.

Rear lobby, door to outside and door to ground floor bathroom.

Ground floor bathroom, with bath, WC, pedestal wash hand basin, airing cupboard with hot water cylinder. PVCu double glazed window to side.

First floor lobby landing.

Bedroom 1. PVCu double glazed window to rear.
Bedroom 2. PVCu double glazed window to front.

Outside. Small narrow courtyard, accessed from the rear lobby.

The property is pleasantly situated on the edge of the City centre where there is an extensive range of educational, recreational, leisure and shopping facilities which combine with a twice weekly market in addition to a mainline railway station with regular services to Waterloo. The City centre can be reached on foot and Milford Hill is also convenient for the A36 and A30.

Small narrow courtyard.

Council Tax Band C.

All mains services are connected.

From our office in Castle Street, continue into the city centre and into Blue Boar Row. Pass the Market Square and into the first part of Winchester Street, bear right into Brown Street and at the traffic lights, turn left into Milford Street. Go under the flyover and continue on to Milford Hill where 20 will be found on the right hand side.

Agent Details

Woolley & Wallis, Salisbury

01722 548402

Next Steps?

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