2 Bed Bungalow, Refurb/BRRR, Salisbury, SP3 4RH, £325,000
Orcheston, Salisbury, Wiltshire, SP3 4RH - 6 months ago
Sold STC
Refurb/BRRR
~68 m²





+2 photos
ValuationOvervalued
Sold Prices | £152K - £294K |
Sold Prices/m² | £2.6K/m² - £4.1K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £4.8K/m² |
Value Estimate | £232,406 |
| |
End Value (After Refurb) | £325,000 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £81,250 |
Stamp Duty & Legal Fees | £14,700 |
Refurb Costs | £27,612 |
Bridging Loan Interest | £8,531 |
Total Cash In | £133,843 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £325,000 |
Mortgage (After Refinance) | £243,750 |
Mortgage LTV | 75% |
Cash Left In | £133,843 |
Equity | £81,250 |
Rent Range | £725 - £1,650 |
Rent Estimate | £1,013 |
Running Costs/mo | £1,238 |
Cashflow/mo | £-225 |
Cashflow/yr | £-2,703 |
Gross Yield | 4% |
Local Sold Prices
10 sold prices from £152K to £294K, average is £221K. £2.6K/m² to £4.1K/m², average is £3.5K/m².
Local Rents
3 rents from £725/mo to £1.6K/mo, average is £1.3K/mo.
Local Area Statistics
Population in SP3 | 11,309 |
Population in Salisbury | 93,605 |
Town centre distance | 10.60 miles away |
Nearest school | 0.50 miles away |
Nearest train station | 10.41 miles away |
| |
Rental growth (12m) | +19% |
Sales demand | Balanced market |
Capital growth (5yrs) | +18% |
Property History
Listed for £325,000
September 27, 2024
Floor Plans
