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

51 Roman Road, Salisbury, Wiltshire, SP2 9BJ - 3 views - 6 months ago

Sold STC
Refurb/BRRR
~178 m²
+9 photos

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
BMV3%

 

 

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.

PriceDateDistanceAddressBeds 
£485K06/210.11 mi27, Empire Road, Salisbury, Wiltshire SP2 9DE5
£450K05/210.75 miThe Glen, Stratford Road, Stratford Sub Castle, Salisbury, Wiltshire SP1 3LQ5
£750K06/210.77 miTorrisholme, Stratford Road, Stratford Sub Castle, Salisbury, Wiltshire SP1 3LQ5
£575K04/230.8 mi7, Shakespeare Road, Salisbury, Wiltshire SP1 3LA5
£845K09/210.87 miStill Waters, Lower Road, Quidhampton, Salisbury, Wiltshire SP2 9AR5
£1.3M11/200.95 miPitts Mead, Stratford Road, Stratford Sub Castle, Salisbury, Wiltshire SP1 3LL5
£662.5K12/200.96 mi35, Rectory Road, Salisbury, Wiltshire SP2 7SD5
£662.5K12/200.96 mi35, Rectory Road, Salisbury, Wiltshire SP2 7SD5
£675K04/210.96 mi33, Rectory Road, Salisbury, Wiltshire SP2 7SD5
£445K06/230.97 mi60, Mill Road, Salisbury, Wiltshire SP2 7RZ5
£360K11/210.98 mi78, Waters Road, Salisbury, Wiltshire SP1 3NX5
£700K09/211.09 mi16, Middle Street, Salisbury, Wiltshire SP2 8LL5
£680K06/211.17 mi4, Marlborough Road, Salisbury, Wiltshire SP1 3TH5
£790K12/201.18 mi49, Wyndham Road, Salisbury, Wiltshire SP1 3AB5
£785K04/231.19 mi38, Albany Road, Salisbury, Wiltshire SP1 3YH5
£550K12/201.2 mi19, Pauls Dene Road, Salisbury, Wiltshire SP1 3SE5
£800K03/211.21 mi11, Swaynes Close, Salisbury, Wiltshire SP1 3AE5
£620K05/231.24 miOld School House, School Lane, Salisbury, Wiltshire SP1 3YA5
£500K10/201.24 mi5, Mallard Close, Salisbury, Wiltshire SP2 8JB5
£575K04/211.29 mi84, Hilltop Way, Salisbury, Wiltshire SP1 3QQ5
£500K04/211.31 mi15, Cambridge Road, Salisbury, Wiltshire SP1 3BW5
£2.3M01/231.38 miFielding House, 14a, The Close, Salisbury, Wiltshire SP1 2EB5
£617.5K02/211.4 mi70, Campbell Road, Salisbury, Wiltshire SP1 3BG5
£585K12/201.46 mi2, Ventry Close, Salisbury, Wiltshire SP1 3ES5
£730K10/201.55 mi46, Harnwood Road, Salisbury, Wiltshire SP2 8DB5
£580K01/211.57 mi14, Old Blandford Road, Harnham, Salisbury, Wiltshire SP2 8DQ5
£525K12/201.62 mi3, Millbrook, Salisbury, Wiltshire SP1 1NH5
£950K12/201.67 mi110, Bouverie Avenue South, Salisbury, Wiltshire SP2 8DZ5
£1.3M08/231.76 mi115, Bouverie Avenue South, Salisbury, Wiltshire SP2 8EA5
£1.2M03/211.76 miLime House, Bouverie Avenue South, Salisbury, Wiltshire SP2 8EA5
£810K06/211.84 miPlough Cottage, Warminster Road, Wilton, Salisbury, Wiltshire SP2 0AT5
£620K11/221.92 mi14, Thompson Close, Salisbury, Wiltshire SP2 8QU5
£710K04/231.99 mi1, Hartley Way, Bishopdown, Salisbury, Wiltshire SP1 3WS5

Local Rents

38 rents from £799/mo to £3.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,72509/240.19 miQueen Alexandra Road Salisbury SP24
£1,60009/240.23 mi-5
£1,70009/240.27 miDevizes Road, Salisbury3
£1,60009/240.29 mi-4
£1,60009/240.29 mi-4
£1,60009/240.33 miSalisbury, Wiltshire3
£1,15009/240.4 miSALISBURY - Heath Road3
£1,25009/240.46 miLongland, Salisbury, Wiltshire, SP23
£1,40009/240.57 miKingsland Road Salisbury SP23
£1,10009/240.66 miDevizes Road, Salisbury3
£1,35003/250.66 mi-3
£1,35004/250.7 mi-3
£1,00405/240.72 mi-3
£3,75009/240.8 miChancellors Farm Stratford Road SP15
£3,75009/240.8 miChancellors Farm, Stratford Sub Castle5
£2,65012/230.8 mi-4
£2,65009/240.8 mi-4
£3,15008/240.8 mi-4
£1,30012/240.81 mi-3
£1,35002/250.83 mi-3
£1,40004/250.88 mi-3
£1,80001/240.9 mi-3
£1,05001/240.97 mi-3
£1,40009/240.98 miSteynings House, Chapel Place, Salisbury, Wiltshire, SP23
£1,50009/241 miAngler Road, Salisbury, SP24
£79912/241.01 mi-3
£1,45009/241.02 miCastle Road, Salisbury3
£1,55009/241.02 miSovereign Close, Quidhampton, Salisbury4
£1,50009/241.05 miVictoria Road3
£2,15009/241.11 miCrane Bridge Road, Salisbury4
£1,45009/241.12 miNetherhampton Road, Salisbury3
£1,50001/251.17 mi-3
£1,50001/251.17 mi-3
£2,35009/241.19 miEndless Street Salisbury SP15
£1,40009/241.19 miBelle Vue Road, Salisbury3
£2,05009/241.19 miSalisbury5
£1,45009/241.21 miSALISBURY - Thistlebarrow Road4
£3,00008/241.22 mi-5

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

  • ** NO VIEWINGS UNTIL 30TH OCTOBER 2024 ** +
  • HIGHER STATUS HOUSE IN NEED OF COMPLETE RENOVATION +
  • DRIVEWAY PARKING +
  • VACANT POSSESSION +
  • FOUR/FIVE BEDROOMS +
  • THREE RECEPTION ROOMS +
  • PARTIAL GAS CENTRAL HEATING +
  • LARGE REAR GARDEN +

A higher status detached house, currently in two flats, in need of renovation and alteration. Original features are still in place and vacant possession is offered.

Description - A very spacious, characterful detached house, currently partially occupied and in need of renovation. Features include numerous fireplaces, picture rails and original doors. The accommodation extends to approximately 2,100sq feet over 3 floors, currently as two flats, and there is a very large, private garden to rear together with parking to front and side. Roman Road lies on the western side of the city with a nearby regular bus service to the city centre which lies approximately 1 mile away and which has an excellent range of amenities.

Entrance Hall - Stairs to first floor.

Inner Hall - Floorboards, cast iron fireplace with tiled inset and wooden surround.

Reception One - Double aspect room.

Reception Two - Double aspect room with door to garden, cast iron fireplace with wooden surround and tiled inset.

Reception Three - Fireplace surround with cupboard to side, larder cupboard, dresser unit.

Utility Space - External door to side. This leads to an inner lobby leading to wc and also to room housing a bath.

First Floor Landing - Stairs to second floor. Cupboard housing hot water tank.

Sitting Room - Cast iron fireplace with wooden surround.

Kitchen - Dresser unit, cast iron fireplace, larder cupboard, sink unit with space and plumbing for appliances below, wall mounted boiler for heating and hot water.

Bedroom - Cast iron and tiled fireplace with wooden surround.

Bedroom - Cast iron fireplace.

Bathroom - Panel bath with thermostatic mixer shower over, hand basin, part tiled walls.

Separate Wc. -

Second Floor -

Bedroom - Double aspect room, eaves storage cupboards.

Outside - There is a front garden with lawn, trees and shrubs. Driveway to side for vehicular parking. Pedestrian access leads to a large rear garden with lawn, shrubs and trees. Large paved terrace, storage sheds, compost area. Enclosed by timber fencing and walling.

Outgoings - The Council Tax Band is ‘ B ’ and the payment for the year 2024/2025 payable to Wiltshire Council is £1964.62.

Services - Mains gas, water, electricity and drainage are connected to the property.

Directions - Leave Salisbury on the A360 Devizes Road and continue forwards at the mini roundabout. Take the second left in to Roman Road and the property can be found on the right hand side.

What3words - What3Words reference is: ///slave.extra.badge

Agent Details

Whites, Salisbury

01722 444869

Next Steps?

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