2 Bed Flat, Single Let, Salisbury, SP1 1AF, £195,000

Pilgrims Way, Laverstock, Salisbury, SP1 1AF - 1 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 3%
~68 m²
+4 photos

ValuationFair Value

Sold Prices£110K - £245K
Sold Prices/m²£1.8K/m² - £3.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£192,960

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£10,950

Total Cash In

£59,700

 

 

Cash Out

 

Rent Range

£825 - £1,600

Rent Estimate

£997

Running Costs/mo

£829

Cashflow/mo

£168

Cashflow/yr

£2,019

ROI

3%

Gross Yield

6%

Local Sold Prices

31 sold prices from £110K to £245K, average is £180K. £1.8K/m² to £3.3K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£184.5K01/230 mi6 Pilgrims Gate, Pilgrims Way, Laverstock, Salisbury, Wiltshire SP1 1AF2
£205K01/230 mi8 Pilgrims Gate, Pilgrims Way, Laverstock, Salisbury, Wiltshire SP1 1AF2
£110K07/210.03 miFlat 3, Pilgrims House, Pilgrims Way, Laverstock, Salisbury, Wiltshire SP1 1RZ2
£149.9K06/210.56 mi30, The Brambles, Salisbury, Wiltshire SP1 3EZ2
£150K09/210.56 mi27, The Brambles, Salisbury, Wiltshire SP1 3EZ2
£127.5K02/210.59 mi8, The Brambles, Salisbury, Wiltshire SP1 3EY2
£185K08/210.65 mi3, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£185K06/230.65 mi20, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£195K04/230.65 mi28, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£176K06/210.65 mi25, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£176K10/200.74 mi29, Blyth Way, Salisbury, Wiltshire SP1 3HU2
£245K03/210.75 miFlat 1, Highmount, Shady Bower, Salisbury, Wiltshire SP1 2RE2
£171K01/210.79 mi12, Avon Place, Salisbury, Wiltshire SP1 2ET2
£180K02/230.79 mi7, Avon Place, Salisbury, Wiltshire SP1 2ET2
£148K10/210.8 miFlat 1, Elm Court, Elm Grove Road, Salisbury, Wiltshire SP1 1JN2
£204K12/220.81 mi17, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£185K11/220.81 mi1, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£160K04/210.82 mi8, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£150K11/220.85 mi1, Hughendon Manor, Petersfinger, Salisbury, Wiltshire SP5 3EY2
£215K10/230.86 mi24, Hoadley Green, Salisbury, Wiltshire SP1 3HS2
£178.5K01/230.86 mi24, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£215K10/230.87 mi17, Jewell Close, Salisbury, Wiltshire SP1 3HR2
£170K01/210.87 mi55, Bishopdown Road, Salisbury, Wiltshire SP1 3EE2
£180K08/220.88 mi2 Hughenden Manor, Southampton Road, Petersfinger, Salisbury, Wiltshire SP5 3EY2
£153.5K11/210.94 mi45, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF2
£180K06/210.94 mi41, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF2
£175K12/220.95 miFlat 3, Three Cuppes House, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF2
£199.9K07/230.99 mi32, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£198K06/210.99 mi38, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£183K07/230.99 mi31, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£185K06/230.99 mi39, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2

Local Rents

10 rents from £825/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£99509/240.7 miEstcourt Road, Salisbury2
£1,20009/240.77 miPark Street, Salisbury2
£1,20009/240.8 miElm Grove Road, Salisbury, Wiltshire2
£82509/240.81 miSALISBURY - Milford Hill2
£1,00002/240.85 mi-2
£1,15001/250.87 mi-2
£1,60009/241.05 miEndless Street Salisbury SP12
£1,60009/241.08 mi-2
£1,00009/241.13 miLindford Road, Bishopdown, SALISBURY2
£1,40009/241.17 miNew Street, Salisbury2

Local Area Statistics

Population in SP1

21,621

Population in Salisbury

93,605

Town centre distance

1.43 miles away

Nearest school

0.30 miles away

Nearest train station

1.52 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+49%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £195,000

October 21, 2024

Description

  • Two bedroom apartment +
  • Open plan living room/kitchen +
  • No forward chain +
  • Allocated parking space +
  • Electric underfloor heating throughout +
  • Two bathrooms +

SUMMARY
A bright and airy upper floor two bedroom, two bathroom apartment boasting over 100 year lease in ever popular suburb of Laverstock. Located within easy access of the city centre and offered to the market with no forward chain, book your viewing today to avoid missing out!

DESCRIPTION
A bright and airy upper floor two bedroom, two bathroom apartment boasting over 100 year lease in ever popular suburb of Laverstock. Located within easy access of the city centre and offered to the market with no forward chain, book your viewing today to avoid missing out!

Lounge/Kitchen 21' 5" x 11' 9" ( 6.53m x 3.58m )
Kitchen : Laminate flooring, wall and base units, built in oven and electric hob with cooker hood, double glazed windows x2, plumbing for washing machine, space for fridge freezer, stainless steel sink and drainer.

Living Room : Carpeted, double glazed french doors, double glazed window.

Bedroom One 12' 3" x 9' 8" ( 3.73m x 2.95m )
Carpeted, double glazed window, built in wardrobe, en-suite

En-Suite 
Double shower cubicle, wash hand basin, WC, part tiled, extractor fan

Bedroom Two 10' 6" x 9' 3" ( 3.20m x 2.82m )
Carpeted, double glazed window

Bathroom 
Obscured double glazed window, wash handbasin, WC, bath tub, tile floor, part tiled walls.

Outside 
Allocated parking space for 1 car

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Fox & Sons, Salisbury

01722 656777

Next Steps?

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