3 Bed Semi-Detached House, Refurb/BRRR, Salisbury, SP1 1PP, £300,000

2 Rosemary Close, Laverstock, SP1 1PP - 3 views - 7 months ago

Sold STC
Refurb/BRRR
83 m²
+4 photos

ValuationFair Value

Sold Prices£250K - £645K
Sold Prices/m²£1.8K/m² - £10.1K/m²

 

 

Square Metres

83 m²
Price/m²£3.6K/m²

Value Estimate

£306,000

 

 

End Value (After Refurb)

£329,081

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£33,648

Bridging Loan Interest

£7,875

Total Cash In

£136,973

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£329,081

Mortgage (After Refinance)

£246,811

Mortgage LTV

75%

Cash Released

£21,811

Cash Left In

£115,162

Equity

£82,270

Rent Range

£799 - £1,800

Rent Estimate

£1,309

Running Costs/mo

£1,310

Cashflow/mo

£-1

Cashflow/yr

£-14

Gross Yield

5%

Local Sold Prices

50 sold prices from £250K to £645K, average is £385.5K. £1.8K/m² to £10.1K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£391K06/230.02 mi9, Rosemary Close, Laverstock, Salisbury, Wiltshire SP1 1PP3
£450K11/220.03 mi4, William Close, Laverstock, Salisbury, Wiltshire SP1 1QQ3
£320K12/200.04 mi2, William Close, Laverstock, Salisbury, Wiltshire SP1 1QQ3
£345K11/200.07 mi36, Napier Crescent, Laverstock, Salisbury, Wiltshire SP1 1PL3
£370K09/210.08 mi21, Napier Crescent, Laverstock, Salisbury, Wiltshire SP1 1PJ3
£397.4K10/210.16 mi29, Beechcroft Road, Laverstock, Salisbury, Wiltshire SP1 1PF3
£355K09/230.16 mi23, Beechcroft Road, Laverstock, Salisbury, Wiltshire SP1 1PF3
£385K11/210.17 mi5, Melvin Close, Laverstock, Salisbury, Wiltshire SP1 1PG3
£323K04/210.17 mi28, Melvin Close, Laverstock, Salisbury, Wiltshire SP1 1PG3
£435K06/230.17 mi6, Melvin Close, Laverstock, Salisbury, Wiltshire SP1 1PG3
£335K06/210.18 mi42, Down View Road, Laverstock, Salisbury, Wiltshire SP1 1RP3
£305K04/210.19 mi134, Greenwood Avenue, Laverstock, Salisbury, Wiltshire SP1 1PE3
£475K03/230.26 mi4, Church Road, Laverstock, Salisbury, Wiltshire SP1 1QT3
£295K08/210.27 mi12, Boundary Road, Laverstock, Salisbury, Wiltshire SP1 1RN3
£390K02/230.27 mi25, Hill Road, Laverstock, Salisbury, Wiltshire SP1 1RW3
£475K11/220.28 mi32, Riverbourne Road, Salisbury, Wiltshire SP1 1NS3
£330K06/230.28 mi3, Boundary Road, Laverstock, Salisbury, Wiltshire SP1 1RN3
£287.5K08/230.28 mi1, Boundary Road, Laverstock, Salisbury, Wiltshire SP1 1RN3
£645K12/220.29 mi22, Riverbourne Road, Salisbury, Wiltshire SP1 1NS3
£555K07/230.29 mi40, Riverbourne Road, Salisbury, Wiltshire SP1 1NS3
£455K01/210.29 mi30, Riverbourne Road, Salisbury, Wiltshire SP1 1NS3
£328K09/210.33 mi110, Laverstock Road, Salisbury, Wiltshire SP1 2SA3
£410K12/220.33 mi9, Glendale Crescent, Salisbury, Wiltshire SP1 1NT3
£417.5K11/220.33 mi17, Riverbourne Road, Salisbury, Wiltshire SP1 1NU3
£250K08/210.34 mi26, Wain A Long Road, Salisbury, Wiltshire SP1 1LW3
£450K10/220.34 mi67, Wain A Long Road, Salisbury, Wiltshire SP1 1LW3
£382K10/210.34 mi7, Paddock Way, Laverstock, Salisbury, Wiltshire SP1 1SJ3
£420K12/210.34 mi10, Paddock Way, Laverstock, Salisbury, Wiltshire SP1 1SJ3
£574K02/230.34 mi28a, Bourne Avenue, Salisbury, Wiltshire SP1 1LS3
£520K02/230.38 mi33, Wain A Long Road, Salisbury, Wiltshire SP1 1LJ3
£414K11/200.39 mi22, Potters Way, Laverstock, Salisbury, Wiltshire SP1 1PY3
£386K02/230.39 mi19, Wain A Long Road, Salisbury, Wiltshire SP1 1LJ3
£345K02/230.39 mi24, Manor Farm Road, Salisbury, Wiltshire SP1 2RR3
£305K06/230.39 mi48, Manor Farm Road, Salisbury, Wiltshire SP1 2RR3
£295K11/200.39 mi44, Manor Farm Road, Salisbury, Wiltshire SP1 2RR3
£252.5K12/200.39 mi46, Kelsey Road, Salisbury, Wiltshire SP1 1LA3
£510K12/220.44 mi2, Milford Park, Salisbury, Wiltshire SP1 2RZ3
£295K10/200.45 mi82, London Road, Salisbury, Wiltshire SP1 3HA3
£390K01/230.45 mi107, London Road, Salisbury, Wiltshire SP1 3HA3
£259.5K04/210.46 mi22, Kelsey Road, Salisbury, Wiltshire SP1 1JZ3
£390K06/210.47 mi19, Clarendon Road, Salisbury, Wiltshire SP1 1LG3
£365K03/230.5 miIvyhurst, 6, Kelsey Road, Salisbury, Wiltshire SP1 1JP3
£295K02/210.5 mi7, Cheverell Avenue, Salisbury, Wiltshire SP1 3HH3
£440K10/210.51 mi2, Elm Close, Laverstock, Salisbury, Wiltshire SP1 1SA3
£440K02/230.51 mi12, Elm Close, Laverstock, Salisbury, Wiltshire SP1 1SA3
£365K12/200.51 mi26, Elm Close, Laverstock, Salisbury, Wiltshire SP1 1SA3
£485K12/220.53 mi5, Courtwood Close, Salisbury, Wiltshire SP1 2RX3
£321K12/210.56 mi15, Bower Gardens, Salisbury, Wiltshire SP1 2RL3
£296K02/210.56 mi17, Bower Gardens, Salisbury, Wiltshire SP1 2RL3
£460K03/230.56 mi45, Church Road, Laverstock, Salisbury, Wiltshire SP1 1QY3

Local Rents

17 rents from £799/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25009/240.49 miSALISBURY - Atherton Court3
£1,20009/240.52 mi-3
£1,20009/240.52 mi-3
£1,35009/240.69 miSALISBURY - Wyndham Terrace3
£1,30009/240.76 miPennyfarthing Street, Salisbury, SP13
£1,40009/240.82 miBelle Vue Road, Salisbury3
£1,29504/250.89 mi-3
£1,50009/240.94 miVictoria Road3
£1,30002/240.94 mi-3
£1,05010/230.94 mi-3
£1,45009/240.98 miCastle Road, Salisbury3
£79912/241.01 mi-3
£1,48007/241.05 mi-3
£1,40009/241.12 miSteynings House, Chapel Place, Salisbury, Wiltshire, SP23
£1,05001/241.17 mi-3
£1,30011/241.19 mi-3
£1,80001/241.23 mi-3

Local Area Statistics

Population in SP1

21,621

Population in Salisbury

93,605

Town centre distance

1.23 miles away

Nearest school

0.40 miles away

Nearest train station

1.32 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+49%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £300,000

October 7, 2024

Floor Plans

Description

A three bedroom semi-detached home quietly tucked away within this hugely popular location. 2 Rosemary Close is a substantial property which would now benefit from some modernisation and cosmetic enhancement. The property is double glazed with electric heating and has a number of useful features such as double glazed conservatory, generous driveway, garage and sunny rear garden. Accommodation comprises storm porch, entrance hall, sitting room, dining room, kitchen, double glazed conservatory with cloakroom, three bedrooms and bathroom. 2 Rosemary Close offers the opportunity for a buyer to enhance and personalise as well as scope to extend (subject to planning). Situated in this small cul-de-sac the property is perfectly situated for all of the amenities in Laverstock (including very popular schools) country park/walks and access to Salisbury city centre. An early viewing is advised.

Directions - Proceed to Laverstock following Laverstock Road, turn right into The Avenue. After a short time turn right into Vanessa Avenue, Rosemary Close can be found after a short time on your right.

Double Glazed Doors To: -

Storm Porch - Tiled floor and double glazed door to:

Entrance Hall - Stairs to first floor with storage cupboard under. Electric night storage heater.

Sitting Room - 3.4m max x 3.97m (11'1" max x 13'0" ) - Double glazed picture window to front aspect. Tiled fire surround, modern electric heater, telephone point and glazed sliding door to:

Dining Room - 3.4m x 2.5m (11'1" x 8'2") - Double glazed sliding door to rear garden and electric night storage heater.

Kitchen - 3.15m ext to 4m x 2.5m (10'4" ext to 13'1" x 8'2" - Range of wall and base units with worksurface over. Space for cooker, space for washing machine and space for fridge/freezer, stainless steel sink unit, tiled splashbacks and full height larder cupboard. Double glazed window to side and door to:

Conservatory - 3.5m x 2.35m (11'5" x 7'8" ) - Double glazed elevations with performance roof. Door to side and rear garden.

Wc - Low level WC and window to side aspect.

First Floor Landing - Double glazed picture window to front. Full height airing cupboard housing hot water tank.

Bedroom One - 3.35m x 2.85m (10'11" x 9'4" ) - Double glazed window to front aspect. Full range of built in wardrobes and high level cupboards. Electric night storage heater.

Bedroom Two - 3.45m x 3.1 (11'3" x 10'2" ) - Double glazed window to rear aspect. Electric night storage heater.

Bedroom Three - 2.9m x 2.2m (9'6" x 7'2" ) - Double glazed window to rear aspect.

Bathroom - White suite comprising WC, pedestal basin and panelled bath with electric shower over. Tiled splashbacks, obscure double glazed window, heater towel rail, warm air heater and access to loft space.

Outside - The expansive front garden is well enclosed by wall and fencing and is laid to stone chippings for low maintenance. Tarmacadam driveway provides parking for 2/3 cars and leads to the side of the house.

Garage (4.9m x 2.45m)
Up and over door, window to side.

The rear garden has a southerly aspect and is well enclosed by wooden fencing. Immediately outside the dining room doors is a paved patio, beyond is an area of lawn with a range of mature planting. Garden shed.

Agent Details

Venditum, Netherhampton

01722 449933

Next Steps?

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