3 Bed Detached House, Refurb/BRRR, Salisbury, SP2 8PA, £325,000

4 Old Meadows Walk, Harnham, Salisbury, Wiltshire, SP2 8PA - 2 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+2 photos

ValuationFair Value

Sold Prices£176K - £615K
Sold Prices/m²£2.1K/m² - £5.8K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£328,250

 

 

End Value (After Refurb)

£325,356

Uplift in Value

+0%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£38,000

Bridging Loan Interest

£8,531

Total Cash In

£144,231

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£325,356

Mortgage (After Refinance)

£244,017

Mortgage LTV

75%

Cash Released

£267

Cash Left In

£143,964

Equity

£81,339

Rent Range

£1,025 - £1,800

Rent Estimate

£1,387

Running Costs/mo

£1,314

Cashflow/mo

£73

Cashflow/yr

£874

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £176K to £615K, average is £316.3K. £2.1K/m² to £5.8K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£379.9K03/210 mi27, Old Meadows Walk, Salisbury, Wiltshire SP2 8PA3
£297K02/210.06 mi13, Middle Street, Salisbury, Wiltshire SP2 8LR3
£335K06/210.09 mi29, Berkshire Road, Salisbury, Wiltshire SP2 8NY3
£443K09/210.1 mi15, Constable Way, Salisbury, Wiltshire SP2 8LN3
£320K04/210.11 mi41, Netherhampton Road, Salisbury, Wiltshire SP2 8HD3
£340K03/210.11 mi67, Netherhampton Road, Salisbury, Wiltshire SP2 8HD3
£282.5K02/210.18 mi3, Parsonage Green, Harnham, Salisbury, Wiltshire SP2 8LD3
£450K11/220.19 mi35, Richards Way, Salisbury, Wiltshire SP2 8NT3
£325K10/200.21 mi6, Stephens Close, Salisbury, Wiltshire SP2 8NU3
£176K04/210.23 mi28, Norfolk Road, Harnham, Salisbury, Wiltshire SP2 8HG3
£327K11/210.23 mi66, Wiltshire Road, Salisbury, Wiltshire SP2 8HR3
£295K06/210.26 mi55, Wiltshire Road, Salisbury, Wiltshire SP2 8HT3
£292.5K12/220.27 mi84, Wiltshire Road, Salisbury, Wiltshire SP2 8HR3
£350K06/210.29 mi18, Saxon Road, Salisbury, Wiltshire SP2 8JZ3
£301K09/210.29 mi2, Saxon Road, Harnham, Salisbury, Wiltshire SP2 8JZ3
£450K06/210.31 miPine View, Carrion Pond Drove, Salisbury, Wiltshire SP2 8PD3
£382K01/210.31 mi160, Netherhampton Road, Salisbury, Wiltshire SP2 8NB3
£410K07/230.32 mi54, St Georges Road, Salisbury, Wiltshire SP2 8LX3
£353K03/210.33 mi4, St Georges Road, Salisbury, Wiltshire SP2 8LU3
£270K01/230.34 mi34, Hollows Close, Harnham, Salisbury, Wiltshire SP2 8JX3
£183K03/210.34 mi10, Hollows Close, Harnham, Salisbury, Wiltshire SP2 8JX3
£195K01/230.34 mi82, Hollows Close, Harnham, Salisbury, Wiltshire SP2 8JX3
£440.5K11/210.34 mi23, Montague Road, Salisbury, Wiltshire SP2 8NJ3
£280K03/230.37 mi21, Hollows Close, Harnham, Salisbury, Wiltshire SP2 8JU3
£260K11/200.37 mi9, Hollows Close, Salisbury, Wiltshire SP2 8JU3
£312K01/230.4 mi61, Wellworthy Drive, Salisbury, Wiltshire SP2 8HY3
£365K10/210.41 mi43, Wellworthy Drive, Salisbury, Wiltshire SP2 8HY3
£312.5K04/230.41 mi57, Wellworthy Drive, Salisbury, Wiltshire SP2 8HY3
£273K12/200.41 mi14, Wellworthy Drive, Salisbury, Wiltshire SP2 8HY3
£250K10/200.44 mi4, Halfpenny Road, Salisbury, Wiltshire SP2 8JR3
£310K05/230.45 mi12, Bridgwater Close, Harnham, Salisbury, Wiltshire SP2 8JS3
£600K10/200.5 mi4, Grasmere Close, Salisbury, Wiltshire SP2 8DG3
£499.9K09/210.51 mi53, Rectory Road, Salisbury, Wiltshire SP2 7SD3
£450K10/200.51 mi59, Rectory Road, Salisbury, Wiltshire SP2 7SD3
£435K10/200.51 mi53, Rectory Road, Salisbury, Wiltshire SP2 7SD3
£450K11/210.53 mi6, Old Blandford Road, Salisbury, Wiltshire SP2 8DQ3
£245K01/230.53 mi30, Churchfields Road, Salisbury, Wiltshire SP2 7NW3
£300K06/210.55 mi1, Bouverie Close, Salisbury, Wiltshire SP2 8DY3
£360K01/230.6 mi7, Dews Road, Salisbury, Wiltshire SP2 7SN3
£395K05/230.61 mi50, Harnham Road, Salisbury, Wiltshire SP2 8JJ3
£280.5K04/230.62 mi12, Water Lane, Salisbury, Wiltshire SP2 7TE3
£260K05/230.62 mi21, Water Lane, Salisbury, Wiltshire SP2 7TE3
£615K09/210.62 mi53, Harnham Road, Salisbury, Wiltshire SP2 8JJ3
£215K02/210.64 mi5a, Old Street, Salisbury, Wiltshire SP2 8JL3
£257K07/230.64 mi1, Old Street, Salisbury, Wiltshire SP2 8JL3
£258K01/230.64 miHillsboro, Old Street, Salisbury, Wiltshire SP2 8JL3
£215K02/210.64 mi5a, Old Street, Salisbury, Wiltshire SP2 8JL3
£300K06/230.64 mi19, Old Street, Salisbury, Wiltshire SP2 8JL3
£380K11/200.64 mi17, Harnham Road, Salisbury, Wiltshire SP2 8JG3
£595K01/230.64 mi141, Bouverie Avenue South, Salisbury, Wiltshire SP2 8EB3

Local Rents

26 rents from £1K/mo to £1.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,45009/240.24 miNetherhampton Road, Salisbury3
£1,02509/240.32 miHollows Close, Salisbury, Wiltshire, SP23
£1,50001/250.41 mi-3
£1,50001/250.41 mi-3
£1,80001/240.61 mi-3
£1,05001/240.62 mi-3
£1,70009/240.68 miFrancis Way, Harnham, Salisbury3
£1,25009/240.69 miLongland, Salisbury, Wiltshire, SP23
£1,40009/240.69 miSteynings House, Chapel Place, Salisbury, Wiltshire, SP23
£1,40010/230.69 mi-3
£1,40010/230.69 mi-3
£1,35003/250.71 mi-3
£1,25009/240.77 miSwallowmead, Salisbury3
£1,10009/240.8 miDevizes Road, Salisbury3
£1,35003/250.83 mi-3
£1,30012/240.84 mi-3
£1,40009/240.92 miKingsland Road Salisbury SP23
£1,30009/240.94 miPennyfarthing Street, Salisbury, SP13
£1,40009/240.99 miBelle Vue Road, Salisbury3
£1,70009/241.14 miDevizes Road, Salisbury3
£1,35009/241.18 miSALISBURY - Wyndham Terrace3
£1,45009/241.19 miCastle Road, Salisbury3
£1,50009/241.19 miVictoria Road3
£1,20009/241.2 mi-3
£1,20009/241.2 mi-3
£1,55009/241.2 miMilton Road, SALISBURY3

Local Area Statistics

Population in SP2

28,823

Population in Salisbury

93,605

Town centre distance

0.51 miles away

Nearest school

0.30 miles away

Nearest train station

0.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £325,000

December 16, 2024

Floor Plans

Description

  • HIGHLY DESIRABLE AREA +
  • QUIET LOCATION +
  • READY FOR UPDATING +
  • GARAGE AND PARKING +
  • GARDEN +
  • 3 BEDROOMS +
  • GAS CENTRAL HEATING +
  • DOUBLE GLAZING +
  • VACANT POSSESSION +

A rare opportunity to purchase a detached family home in this highly desirable area within walking distance of the city centre and main line station.

Description - Rarely available detached family home situated in a highly sought after area, not only within walking distance of the highly regarded local school and minimart but also the city centre and mainline station via the Town Path. It is set in a quiet close together with parking, garage and garden. Benefits include gas fired central heating by radiators with recently installed boiler and double glazed windows and doors. The property would now benefit from a programme of modernisation and offers a terrific opportunity to extend and convert subject to usual permissions. Vacant possession is offered.

Entrance Porch - Deep shelved cupboard housing gas fired boiler for heating and hot water.

Hall - Stairs to first floor with cupboard below.

Kitchen - Range of work surfaces with inset stainless steel sink and drainer, base and wall mounted cupboards and drawers, plumbing and space for washing machine, further appliance space, larder cupboard, door to outside.

Integral Garage - Up and over door.

Lounge/Dining Room - Sliding french doors to garden, ornamental fireplace.

Landing - Hatch to loft space.

Bedroom One - Built in cupboard.

Bedroom Two -

Bedroom Three -

Bathroom - Panel bath and wash basin. Airing cupboard housing lagged hot water tank and immersion heater.

Seperate Wc - Low level wc.

Outside - Hedging to front with lawn and shrubs. Parking to front of garage and pathway to front door. Pedestrian access to rear garden which has a seating area leading to lawn with flower beds, shrubs and timber fencing to sides.

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

Outgoings - The Council Tax Band is E and the payment for the year 2024/2025 payable to Wiltshire Council is £3087.26

Directions - From Salisbury proceed south along Newbridge Road turning right at the traffic light gyratory system onto Harnham Road. Turn right after the next traffic lights into Lower Road. Turn left into Berkshire Road and left into Old Meadow Walk.

What3words - What3Words reference is: ///waving.glue.crop

Agent Details

Whites, Salisbury

01722 444869

Next Steps?

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