5 Bed Detached House, Refurb/BRRR, Salisbury, SP2 9BJ, £400,000





ValuationUndervalued
Sold Prices | £360K - £2.3M |
Sold Prices/m² | £1.8K/m² - £7.6K/m² |
| |
Square Metres | ~178.28 m² |
Price/m² | £2.2K/m² |
Value Estimate | £412,000 |
BMV | 3% |
| |
End Value (After Refurb) | £553,292 |
Uplift in Value | +38% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £100,000 |
Stamp Duty & Legal Fees | £20,700 |
Refurb Costs | £72,847 |
Bridging Loan Interest | £10,500 |
Total Cash In | £205,797 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Estimated Sale Price | £553,292 |
Agent Fees (1%) | £5,533 |
Bridging Loan | £300,000 |
Bridging Loan Interest | £10,500 |
Flip Profit | £41,962 |
Local Sold Prices
33 sold prices from £360K to £2.3M, average is £662.5K. £1.8K/m² to £7.6K/m², average is £3.6K/m².
Local Rents
38 rents from £799/mo to £3.8K/mo, average is £1.5K/mo.
Local Area Statistics
Population in SP2 | 28,823 |
Population in Salisbury | 93,605 |
Town centre distance | 1.02 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 0.83 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +11% |
Sales demand | Seller's market |
Capital growth (5yrs) | +18% |
Property History
Listed for £400,000
October 21, 2024
Floor Plans




Description
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