2 Bed Flat, Single Let, Salisbury, SP1 2JD, £160,000

Tollgate Road, Salisbury, SP1 2JD - 3 months ago

Sold STC
Leasehold
BTL
ROI: 3%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£120K - £500K
Sold Prices/m²£2K/m² - £3.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£193,912
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Total Cash In

£49,200

 

 

Cash Out

 

Rent Range

£800 - £1,850

Rent Estimate

£825

Running Costs/mo

£685

Cashflow/mo

£140

Cashflow/yr

£1,680

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £120K to £500K, average is £185K. £2K/m² to £3.7K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£178.5K01/230.11 mi24, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£245K03/210.14 miFlat 1, Highmount, Shady Bower, Salisbury, Wiltshire SP1 2RE2
£160K04/210.14 mi8, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£204K12/220.14 mi17, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£185K11/220.14 mi1, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£170K07/210.19 mi22, St Ann Place, Salisbury, Wiltshire SP1 2SU2
£135K01/210.19 mi42, St Ann Place, Salisbury, Wiltshire SP1 2SU2
£172K11/200.19 mi40, St Ann Place, Salisbury, Wiltshire SP1 2SU2
£171K01/210.24 mi12, Avon Place, Salisbury, Wiltshire SP1 2ET2
£180K02/230.24 mi7, Avon Place, Salisbury, Wiltshire SP1 2ET2
£185K08/210.25 mi3, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£185K06/230.25 mi20, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£195K04/230.25 mi28, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£176K06/210.25 mi25, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£140K08/230.28 mi2, Cathedral Court, Salisbury, Wiltshire SP1 2SH2
£148K10/210.29 miFlat 1, Elm Court, Elm Grove Road, Salisbury, Wiltshire SP1 1JN2
£151.5K06/210.29 mi71, Catherine Street, Salisbury, Wiltshire SP1 2DH2
£175K12/220.34 miFlat 3, Three Cuppes House, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF2
£153.5K11/210.35 mi45, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF2
£180K06/210.35 mi41, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF2
£199.9K07/230.37 mi32, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£198K06/210.37 mi38, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£183K07/230.37 mi31, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£185K06/230.37 mi39, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£375K06/210.47 mi193, The Close, Salisbury, Wiltshire SP1 2EZ2
£290K01/210.52 miApartment 2, Century House, Endless Street, Salisbury, Wiltshire SP1 3UH2
£400K06/230.53 miApartment 4, Century House, Endless Street, Salisbury, Wiltshire SP1 3UH2
£340K03/230.63 miFlat 12, Elizabeth Court, Cranebridge Road, Salisbury, Wiltshire SP2 7UX2
£290K03/230.63 miFlat 17, Elizabeth Court, Cranebridge Road, Salisbury, Wiltshire SP2 7UX2
£370K06/210.63 miFlat 21, Elizabeth Court, Cranebridge Road, Salisbury, Wiltshire SP2 7UX2
£500K04/210.63 miFlat 26, Elizabeth Court, Cranebridge Road, Salisbury, Wiltshire SP2 7UX2
£350K03/230.64 mi157, The Close, Salisbury, Wiltshire SP1 2EY2
£127.5K02/210.66 mi8, The Brambles, Salisbury, Wiltshire SP1 3EY2
£480K06/210.68 miFlat 4, Harcourt Manor, Harcourt Terrace, Salisbury, Wiltshire SP2 7SR2
£149.9K06/210.73 mi30, The Brambles, Salisbury, Wiltshire SP1 3EZ2
£150K09/210.73 mi27, The Brambles, Salisbury, Wiltshire SP1 3EZ2
£120K04/230.73 mi71, Archers Court, Salisbury, Wiltshire SP1 3WE2
£210K11/200.73 mi34, Archers Court, Salisbury, Wiltshire SP1 3WE2
£185K04/230.73 mi52, Archers Court, Salisbury, Wiltshire SP1 3WE2
£175K04/230.73 mi63, Archers Court, Salisbury, Wiltshire SP1 3WE2
£190K02/230.73 mi15, Archers Court, Salisbury, Wiltshire SP1 3WE2
£198K12/200.73 miFlat 14, Bartholomew Court, Spire View, Salisbury, Wiltshire SP2 7GB2
£187.5K04/210.75 miFlat 4, Francis Court, Spire View, Salisbury, Wiltshire SP2 7GE2
£160K03/210.75 miFlat 9, Francis Court, Spire View, Salisbury, Wiltshire SP2 7GE2
£178.9K02/210.75 miFlat 2, Bartholomew Court, Spire View, Salisbury, Wiltshire SP2 7GB2
£190K01/230.75 miFlat 1, Bartholomew Court, Spire View, Salisbury, Wiltshire SP2 7GB2
£179K03/210.77 miFlat 7, Valentine Court, Spire View, Salisbury, Wiltshire SP2 7GP2
£199.9K09/210.78 miFlat 14, Augustine Court, Spire View, Salisbury, Wiltshire SP2 7GA2
£207K11/220.78 miFlat 20, Augustine Court, Spire View, Salisbury, Wiltshire SP2 7GA2
£200K06/230.78 miFlat 6, Augustine Court, Spire View, Salisbury, Wiltshire SP2 7GA2

Local Rents

34 rents from £800/mo to £1.9K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,15001/250.12 mi-2
£82509/240.15 miSALISBURY - Milford Hill2
£1,20009/240.29 miElm Grove Road, Salisbury, Wiltshire2
£1,60009/240.3 mi-2
£1,40009/240.4 miNew Street, Salisbury2
£1,60009/240.43 miEndless Street Salisbury SP12
£99509/240.54 miEstcourt Road, Salisbury2
£1,20009/240.54 miPark Street, Salisbury2
£1,20009/240.7 miFisherton Street, Salisbury 2
£1,30005/240.73 mi-2
£1,40012/230.73 mi-2
£1,40012/230.73 mi-2
£1,10012/240.75 mi-2
£95009/240.75 miSalisbury2
£99509/240.75 miFrancis Court, Spire View2
£80003/250.77 mi-2
£1,85002/240.79 mi-2
£95002/240.8 mi-2
£1,10009/240.84 miGeorge Street, Salisbury2
£87509/240.85 miGeorge Street, Salisbury, Wiltshire2
£1,10009/240.88 miChurchfields Road, SALISBURY2
£95009/240.9 miMeadow Road, Salisbury, SP22
£89509/240.91 mi-2
£1,30010/240.92 mi-2
£1,00009/240.92 miSidney Street, Salisbury2
£1,00002/240.93 mi-2
£1,25003/250.97 mi-2
£1,00009/240.97 miSalisbury2
£1,10009/241.04 miChurchfields Road, Salisbury2
£1,10009/241.05 miSALISBURY - Ashley Road2
£82507/241.09 mi-2
£1,05012/231.15 mi-2
£1,05009/241.19 miStratford Road, Salisbury2
£1,05002/251.22 mi-2

Local Area Statistics

Population in SP1

21,621

Population in Salisbury

93,605

Town centre distance

0.70 miles away

Nearest school

0.10 miles away

Nearest train station

0.86 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+49%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Price changed to £160,000

March 12, 2025

Listed for £170,000

December 26, 2024

Floor Plans

Description

  • Two Bedrooms +
  • Lounge/ Dining Room +
  • Allocated Parking +
  • Close to City Centre +
  • Communal Gardens +
  • Bike Storage Cupboard +

SUMMARY
A two bedroom first floor apartment in Wyld House, Salisbury. Located minutes away from the city centre and approximately 1 mile from Salisbury rail station with direct links to London Waterloo and Southampton. Benefiting from no onward chain, lounge/dining room and communal gardens.

DESCRIPTION
A two bedroom first floor apartment in Wyld House, Salisbury. Located minutes away from the city centre and approximately 1 mile from Salisbury rail station with direct links to London Waterloo and Southampton. Benefiting from no onward chain, lounge/dining room and access to communal gardens.

This first floor apartment would be an ideal purchase for first time buyers and investors alike with access to local amenities and leisure facilities including, but not limited to, a range of high street shops, copious restaurants, pubs and bars, cinema and twice weekly Chartered market.

Communal Entrance Hall 
Stairs to the first floor, bike storage cupboard.

Entrance Hall  
Access to all rooms, storage cupboard and intercom phone.

Lounge/ Dining Room 14' 7" x 12' 3" ( 4.45m x 3.73m )
Rear aspect.

Kitchen 11' x 8' 10" ( 3.35m x 2.69m )
Comprising wall and base units with work surfaces over, single drainer sink unit with mixer tap, space for washing machine, space for cooker unit with stainless steel hood over, space for fridge/freezer, rear aspect.

Bedroom One 17' x 9' 2" ( 5.18m x 2.79m )
Built in double wardrobes, side aspect.

Bedroom Two 14' 6" x 8' ( 4.42m x 2.44m )
Side aspect.

Bathroom 
Comprising a panel enclosed bath with shower over and glass screen, pedestal wash hand basin with mixer taps, with separate WC.

Outside 

Communal Gardens 
To the rear of the property.

Parking 
Allocated parking for one car to the front of the property.

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: 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 💪