3 Bed Terraced House, Refurb/BRRR, Salisbury, SP1 2SF, £235,000

100 Exeter Street, Salisbury, Wiltshire, SP1 2SF - 5 views - 6 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+6 photos

ValuationUndervalued

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

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£250,000

 

 

End Value (After Refurb)

£298,929

Uplift in Value

+20%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£37,702

Bridging Loan Interest

£6,169

Total Cash In

£113,070

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£298,929

Mortgage (After Refinance)

£224,196

Mortgage LTV

75%

Cash Released

£47,946

Cash Left In

£65,124

Equity

£74,732

Rent Range

£799 - £1,800

Rent Estimate

£1,345

Running Costs/mo

£1,223

Cashflow/mo

£122

Cashflow/yr

£1,462

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £198K to £615K, average is £298.8K. £2.4K/m² to £5.8K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£275K02/230.13 mi12, St Ann Street, Salisbury, Wiltshire SP1 2DN3
£330K06/210.14 mi65, St Ann Place, Salisbury, Wiltshire SP1 2SU3
£285K06/210.15 mi20, Friars Orchard, Salisbury, Wiltshire SP1 2SY3
£295K04/230.15 mi3, Friars Orchard, Salisbury, Wiltshire SP1 2SY3
£340K09/230.15 mi10, Greens Court, Salisbury, Wiltshire SP1 2SX3
£310K08/210.15 mi61, St Ann Place, Salisbury, Wiltshire SP1 2SU3
£300K12/200.24 mi39, New Street, Salisbury, Wiltshire SP1 2PH3
£335K12/220.25 mi96, Gigant Street, Salisbury, Wiltshire SP1 2BQ3
£355K02/210.26 mi78, St Ann Street, Salisbury, Wiltshire SP1 2DX3
£230.1K09/210.29 mi9, St Martins Church Street, Salisbury, Wiltshire SP1 2HY3
£380K11/200.3 mi17, Harnham Road, Salisbury, Wiltshire SP2 8JG3
£225K02/210.33 mi19, Rampart Road, Salisbury, Wiltshire SP1 2LU3
£290K05/230.35 mi26, Fowlers Road, Salisbury, Wiltshire SP1 2QU3
£258K10/200.35 mi26, Fowlers Road, Salisbury, Wiltshire SP1 2QU3
£215K02/210.36 mi5a, Old Street, Salisbury, Wiltshire SP2 8JL3
£257K07/230.36 mi1, Old Street, Salisbury, Wiltshire SP2 8JL3
£258K01/230.36 miHillsboro, Old Street, Salisbury, Wiltshire SP2 8JL3
£215K02/210.36 mi5a, Old Street, Salisbury, Wiltshire SP2 8JL3
£300K06/230.36 mi19, Old Street, Salisbury, Wiltshire SP2 8JL3
£615K09/210.36 mi53, Harnham Road, Salisbury, Wiltshire SP2 8JJ3
£395K05/230.37 mi50, Harnham Road, Salisbury, Wiltshire SP2 8JJ3
£295K02/210.38 mi6, Guilder Lane, Salisbury, Wiltshire SP1 1HW3
£325K04/230.38 mi31, Guilder Lane, Salisbury, Wiltshire SP1 1HW3
£318K11/220.39 mi86, Tollgate Road, Salisbury, Wiltshire SP1 2JJ3
£230K04/210.39 mi83, Rampart Road, Salisbury, Wiltshire SP1 1HU3
£305K10/200.4 mi18, St Clair Road, Salisbury, Wiltshire SP2 8AE3
£210K08/230.4 mi5, Milford Hill, Salisbury, Wiltshire SP1 2QX3
£400K10/210.43 mi19, Burford Avenue, Salisbury, Wiltshire SP2 8AG3
£385K12/200.43 mi8, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF3
£345K05/230.44 mi12, St Margarets Close, Salisbury, Wiltshire SP1 2RY3
£297.5K11/220.44 mi14, St Margarets Close, Salisbury, Wiltshire SP1 2RY3
£265K01/210.45 mi36, Chichester Close, Salisbury, Wiltshire SP2 8AQ3
£198K02/210.45 mi19, Polden Road, Salisbury, Wiltshire SP1 2JU3
£405K11/210.45 mi21, Highlands Road, Salisbury, Wiltshire SP2 8EG3
£475K02/210.45 mi12, Highlands Road, Salisbury, Wiltshire SP2 8EG3
£238K10/200.46 mi58, Greencroft Street, Salisbury, Wiltshire SP1 1JE3
£246K05/210.47 mi1, Salt Lane, Salisbury, Wiltshire SP1 1DT3
£450K11/210.47 mi6, Old Blandford Road, Salisbury, Wiltshire SP2 8DQ3
£485K12/220.49 mi5, Courtwood Close, Salisbury, Wiltshire SP1 2RX3
£330K03/210.51 mi9, Burford Road, Salisbury, Wiltshire SP2 8AN3
£435K06/210.51 mi108, Coombe Road, Salisbury, Wiltshire SP2 8BD3
£405.1K10/210.51 mi116, Coombe Road, Salisbury, Wiltshire SP2 8BD3
£258K07/210.52 mi29, Woodbury Gardens, Harnham, Salisbury, Wiltshire SP2 8QA3
£244K01/210.52 mi67, Woodbury Gardens, Harnham, Salisbury, Wiltshire SP2 8QA3
£265K01/210.52 mi25, Woodbury Gardens, Harnham, Salisbury, Wiltshire SP2 8QA3
£249.7K04/210.52 mi35, Woodbury Gardens, Salisbury, Wiltshire SP2 8QA3
£280.5K04/230.52 mi12, Water Lane, Salisbury, Wiltshire SP2 7TE3
£260K05/230.52 mi21, Water Lane, Salisbury, Wiltshire SP2 7TE3
£600K10/200.53 mi4, Grasmere Close, Salisbury, Wiltshire SP2 8DG3
£370K02/210.53 mi70, Burford Lane, Salisbury, Wiltshire SP2 8AP3

Local Rents

29 rents from £799/mo to £1.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40010/230.31 mi-3
£1,40010/230.31 mi-3
£1,30009/240.36 miPennyfarthing Street, Salisbury, SP13
£1,05001/240.55 mi-3
£1,40009/240.56 miSteynings House, Chapel Place, Salisbury, Wiltshire, SP23
£1,02509/240.57 miHollows Close, Salisbury, Wiltshire, SP23
£1,20009/240.6 mi-3
£1,20009/240.6 mi-3
£1,40009/240.6 miBelle Vue Road, Salisbury3
£1,80001/240.61 mi-3
£1,70009/240.67 miFrancis Way, Harnham, Salisbury3
£1,55009/240.68 miMilton Road, SALISBURY3
£1,25009/240.72 miSwallowmead, Salisbury3
£1,35009/240.74 miSALISBURY - Wyndham Terrace3
£1,30012/240.8 mi-3
£1,35003/250.83 mi-3
£1,45011/240.86 mi-3
£1,45011/240.86 mi-3
£1,25009/240.88 miSALISBURY - Atherton Court3
£1,10009/240.89 miDevizes Road, Salisbury3
£1,35003/250.91 mi-3
£1,50009/240.94 miVictoria Road3
£1,45009/240.96 miCastle Road, Salisbury3
£1,45009/240.99 miNetherhampton Road, Salisbury3
£1,40009/241.03 miKingsland Road Salisbury SP23
£79912/241.04 mi-3
£1,25009/241.07 miLongland, Salisbury, Wiltshire, SP23
£1,50001/251.15 mi-3
£1,50001/251.15 mi-3

Local Area Statistics

Population in SP1

21,621

Population in Salisbury

93,605

Town centre distance

0.49 miles away

Nearest school

0.10 miles away

Nearest train station

0.68 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 £235,000

February 20, 2025

Listed for £250,000

October 3, 2024

Sold for £175,000

2006

Floor Plans

Description

  • CHARACTER THREE BEDROOM TOWNHOUSE +
  • SALISBURY CITY CENTRE LOCATION +
  • THREE DOUBLE BEDROOMS +
  • REAR YARD / GARDEN AREA +
  • REQUIRES SOME UPDATING +
  • IDEAL INVESTMENT OR FIRST HOME +
  • VIEWING ESSENTIAL +
  • CHARACTER FEATURES +

We are pleased to offer this character, three bedroom terrace house set within close reach of Salisbury City Centre and Cathedral. The accommodation comprises a lounge, kitchen / diner leading to the rear garden, on the first floor Exeter Street offers; a double bedroom and family bathroom, on the second floor you will find two further double bedrooms.  The property requires a level of updating and modernisation and would make an ideal investment or first time purchase.   

Lounge  13'11" max x 8'0" max
Kitchen / Breakfast Room  8'3" max x 6'6" max
Bedroom One  9'9" max x 8'7" max
Bathroom 8'7" max x 4'7" max
Bedroom Two  12'6" max x 8'8" max
Bedroom Three  9'5" max x 9'0" max

Sales Disclaimer (OVM)
These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However, any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.

Agent Details

Northwood, Salisbury

01722 548391

Next Steps?

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