3 Bed Semi-Detached House, Refurb/BRRR, Salisbury, SP2 9PG, £220,000

Shropshire Close, Salisbury, SP2 9PG - 4 views - 5 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 1%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£140K - £450K
Sold Prices/m²£1.5K/m² - £5.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£236,900
BMV3%

 

 

End Value (After Refurb)

£302,712

Uplift in Value

+32%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£38,000

Bridging Loan Interest

£5,775

Total Cash In

£108,625

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£302,712

Agent Fees (1%)

£3,027

Bridging Loan

£165,000

Bridging Loan Interest

£5,775

Flip Profit

£26,059

Local Sold Prices

50 sold prices from £140K to £450K, average is £289K. £1.5K/m² to £5.2K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£234.9K11/200.05 mi12, Lumley Close, Salisbury, Wiltshire SP2 9PD3
£220K12/220.07 mi10, Olivier Close, Salisbury, Wiltshire SP2 9JQ3
£265K06/210.08 mi48, Ramleaze Drive, Salisbury, Wiltshire SP2 9PA3
£300K02/230.11 mi17, Ayrshire Close, Salisbury, Wiltshire SP2 9PF3
£375K07/230.11 mi30, Ayrshire Close, Salisbury, Wiltshire SP2 9PF3
£217K10/200.12 mi36, Cooks Close, Salisbury, Wiltshire SP2 9PS3
£235K02/210.12 mi11, Sheen Close, Salisbury, Wiltshire SP2 9PJ3
£285K04/230.17 mi447, Devizes Road, Salisbury, Wiltshire SP2 9EN3
£340K04/210.18 mi25, Angler Road, Salisbury, Wiltshire SP2 9PB3
£140K03/230.2 mi14, Pinewood Way, Salisbury, Wiltshire SP2 9HY3
£183K11/210.2 mi81, Woodside Road, Salisbury, Wiltshire SP2 9EF3
£260K10/210.33 mi4, Primrose Road, Salisbury, Wiltshire SP2 9JR3
£281K04/230.34 mi108, St Michaels Road, Salisbury, Wiltshire SP2 9EQ3
£311K04/230.34 mi53, Woodside Road, Salisbury, Wiltshire SP2 9EE3
£390K06/230.34 mi347, Devizes Road, Salisbury, Wiltshire SP2 9JN3
£272.5K12/200.39 mi18, Cheshire Close, Salisbury, Wiltshire SP2 9JT3
£215K06/230.44 mi185, Gainsborough Close, Salisbury, Wiltshire SP2 9HB3
£248K02/230.44 mi193, Gainsborough Close, Salisbury, Wiltshire SP2 9HB3
£417K06/230.48 mi458, Devizes Road, Salisbury, Wiltshire SP2 9LX3
£407.5K09/210.48 mi474, Devizes Road, Salisbury, Wiltshire SP2 9LX3
£191K06/210.51 mi7, Rawlence Road, Salisbury, Wiltshire SP2 9DU3
£303K04/210.51 mi33, Heath Road, Salisbury, Wiltshire SP2 9JU3
£385K04/210.51 mi52, Heath Road, Salisbury, Wiltshire SP2 9JX3
£217.5K12/200.52 mi30, Glyndebourne Close, Salisbury, Wiltshire SP2 9EY3
£212K06/210.52 mi26, Hazel Close, Salisbury, Wiltshire SP2 9JJ3
£202K10/200.52 mi61, Hazel Close, Salisbury, Wiltshire SP2 9JJ3
£401K03/230.52 mi291, Devizes Road, Salisbury, Wiltshire SP2 9LU3
£160.5K06/210.56 mi150, Gainsborough Close, Salisbury, Wiltshire SP2 9HJ3
£270K06/230.58 mi69, Tournament Road, Salisbury, Wiltshire SP2 9LQ3
£215K02/210.59 mi32, Herbert Road, Salisbury, Wiltshire SP2 9LF3
£305K01/230.6 mi18, Western Way, Salisbury, Wiltshire SP2 9DR3
£305K10/220.64 mi87, Queen Alexandra Road, Salisbury, Wiltshire SP2 9JZ3
£250K05/210.65 mi23, Western Way, Salisbury, Wiltshire SP2 9DP3
£273K11/200.65 mi43, Pembroke Road, Salisbury, Wiltshire SP2 9DH3
£230K11/210.65 mi20, Penruddock Close, Salisbury, Wiltshire SP2 9HH3
£320K12/210.66 mi29, Roberts Road, Salisbury, Wiltshire SP2 9BY3
£355K01/230.66 mi23, Roberts Road, Salisbury, Wiltshire SP2 9BY3
£300K06/230.68 mi11, Wellington Way, Salisbury, Wiltshire SP2 9BU3
£293K05/210.68 mi17, Wellington Way, Salisbury, Wiltshire SP2 9BU3
£440K04/230.68 mi261, Devizes Road, Salisbury, Wiltshire SP2 9LT3
£280K05/230.71 mi16, Wellington Way, Salisbury, Wiltshire SP2 9BX3
£250K09/210.72 mi39, Wagstaff Way, Salisbury, Wiltshire SP2 9BF3
£320K11/210.73 mi16, Coronation Road, Salisbury, Wiltshire SP2 9DD3
£340K02/210.74 mi27, Queen Alexandra Road, Salisbury, Wiltshire SP2 9LL3
£381.5K06/210.81 mi24, Empire Road, Salisbury, Wiltshire SP2 9DF3
£375K03/230.84 mi82, Roman Road, Salisbury, Wiltshire SP2 9BN3
£393K06/230.85 mi336, Devizes Road, Salisbury, Wiltshire SP2 7DP3
£350K04/210.85 mi314, Devizes Road, Salisbury, Wiltshire SP2 7DP3
£450K10/200.85 miMeadow Glen, Lower Road, Quidhampton, Salisbury, Wiltshire SP2 9AR3
£450K08/210.9 miHazelwood, Stratford Road, Stratford Sub Castle, Salisbury, Wiltshire SP1 3LQ3

Local Rents

53 rents from £110/mo to £3.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£82509/240.07 miRambridge Crescent, Salisbury2
£1,35002/250.08 mi-3
£92509/240.09 miFlat 7 Ramleaze Drive2
£80009/240.12 miSheen Close, SALISBURY1
£1,30004/250.12 mi-3
£1,50009/240.18 miAngler Road, Salisbury, SP24
£1,65009/240.44 miWyvern Row, SALISBURY5
£1,15009/240.46 miSALISBURY - Heath Road3
£1,00405/240.48 mi-3
£85009/240.49 mi-2
£85009/240.49 mi-2
£1,50009/240.49 mi-3
£1,60009/240.55 mi-4
£1,60009/240.55 mi-4
£73509/240.58 mi-1
£78502/250.58 mi-1
£75009/240.61 mi-2
£75009/240.61 mi-2
£78507/240.61 mi-2
£1,60009/240.7 miSalisbury, Wiltshire3
£1,72509/240.74 miQueen Alexandra Road Salisbury SP24
£3,75009/240.81 miChancellors Farm, Stratford Sub Castle5
£3,75009/240.81 miChancellors Farm Stratford Road SP15
£72509/240.85 miMarmot Cottage, 48a Roman Road1
£1,55009/240.91 miSovereign Close, Quidhampton, Salisbury4
£1,70009/240.91 miDevizes Road, Salisbury3
£1,30009/240.94 miIndia Avenue, Salisbury2
£1,10010/240.98 mi-2
£62509/240.98 miSarum Close, Salisbury1
£90003/251 mi-1
£1,05009/241.03 miTemperance Cottages, Quidhampton, SP22
£70009/241.03 miSarum Close, Salisbury1
£1,00009/241.05 miLower Road, SALISBURY2
£1,60009/241.06 mi-5
£82509/241.1 mi*VIEWINGS PAUSED* Montgomery Gardens, Salisbury, SP21
£90009/241.1 miMontgomery Gardens, Salisbury, Wiltshire, SP21
£99509/241.12 mi-2
£2,65012/231.13 mi-4
£2,65009/241.13 mi-4
£3,15008/241.13 mi-4
£1,60009/241.13 miBailey Lane, Wilton4
£1,70009/241.15 miBailey Lane, Wilton, Salisbury4
£11009/241.16 miHighfield Road, SALISBURY1
£99511/241.16 mi-2
£95009/241.17 miCherry Close, SALISBURY2
£1,10009/241.18 miCherry Close, Salisbury, Wiltshire, SP2 7JD2
£1,30009/241.2 miHart Close, Wilton, Salisbury3
£1,20009/241.26 miNursery Road, Salisbury2
£1,20009/241.26 miNursery Road, Salisbury2
£1,05012/231.28 mi-2
£1,40009/241.29 miKingsland Road Salisbury SP23
£1,25009/241.29 miLongland, Salisbury, Wiltshire, SP23
£69509/241.3 miSalisbury1

Local Area Statistics

Population in SP2

28,823

Population in Salisbury

93,605

Town centre distance

1.83 miles away

Nearest school

0.30 miles away

Nearest train station

1.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Price changed to £220,000

December 26, 2024

Listed for £230,000

November 6, 2024

Sold for £97,500

2001

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Semi-detached +
  • Three Bedrooms +
  • Lounge, Dining Room & Kitchen +
  • Driveway parking for Two Cars +
  • No Onward Chain +

SUMMARY
A semi-detached house in Shropshire Close, Salisbury. The property, which has no onward chain, has a lounge, dining room, kitchen, three bedrooms and a bathroom. There are front and rear gardens and driveway parking for two cars.
Situated in a popular residential area 3 miles from the city centre.

DESCRIPTION
Offering to the market this semi-detached house in Shropshire Close, Salisbury. In need of modernisation, the property, which has no onward chain, has a lounge, dining room, kitchen, three bedrooms and a bathroom. There are front and rear gardens and driveway parking for two cars.

Shropshire Close is situated 3 miles north east of the city centre in a popular residential area with good local amenities. Access to the city is via the A36 or A360 both of which are served by regular bus services with a bus stop near to the property. Salisbury offers a range of entertainment, shopping and cultural facilities. There is a twice weekly Charter market in the city centre. Salisbury has direct rail services to London Waterloo, Southampton and the West Country and is conveniently located for the New Forest and South Coast.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Porch 
Door to lounge.

Lounge 14' 9" x 11' 6" ( 4.50m x 3.51m )
Rear aspect, door to dining room and stairs.

Dining Room 12' 8" x 7' 1" ( 3.86m x 2.16m )
Front aspect, stairs to first floor, door to kitchen.

Kitchen 12' 9" x 7' 1" ( 3.89m x 2.16m )
Comprising wall and base units with work surfaces over, stainless steel sink drainer, space for cooker with extractor over, spaces for washing machine and fridge freezer. Boiler, under stairs storage cupboard. Door to garden, rear aspect

Landing 
Doors to bedrooms and bathroom. Rear aspect.

Bedroom One 11' 8" x 8' 8" ( 3.56m x 2.64m )
Built in cupboard housing water tank and central heating controls. Front aspect.

Bedroom Two 9' 5" x 8' 3" ( 2.87m x 2.51m )
Loft access. Front aspect.

Bedroom Three 8' 9" x 5' 11" ( 2.67m x 1.80m )
Rear aspect.

Bathroom 
Comprising panel enclosed bath with shower over, pedestal wash hand basin, WC, Rear aspect.

Outside 

Front Garden 
Path to front door, planted area with mature shrubs.

Rear Garden 
Good sized garden enclosed by fencing with gate leading to driveway. Patio adjacent to the back door, ideal for al-fresco dining. The remainder of the garden is mainly laid to lawn with some mature planting. To the rear of the garden, beyond the fence, is a wooded area offering a degree of privacy.

Parking 
Driveway parking for two cars.

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: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Salisbury

01722 548988

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪