2 Bed Terraced House, Refurb/BRRR, Salisbury, SP3 4ER, £400,000

Homanton, Shrewton, SP3 4ER - 3 months ago

Sold STC
Refurb/BRRR
~68 m²
+15 photos

ValuationOvervalued

Sold Prices£152K - £294K
Sold Prices/m²£2.6K/m² - £4.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.9K/m²

Value Estimate

£173,188

 

 

End Value (After Refurb)

£317,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£27,612

Bridging Loan Interest

£10,500

Total Cash In

£160,562

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£317,500

Mortgage (After Refinance)

£238,125

Mortgage LTV

75%

Cash Left In

£160,562

Equity

£79,375

Rent Range

£725 - £1,650

Rent Estimate

£1,013

Running Costs/mo

£1,215

Cashflow/mo

£-202

Cashflow/yr

£-2,421

Gross Yield

3%

Local Sold Prices

8 sold prices from £152K to £294K, average is £212.3K. £2.6K/m² to £4.1K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£225K12/200.55 mi2, Old School Mews, Shrewton, Salisbury, Wiltshire SP3 4FA2
£152K10/200.64 miThe Old Cottage, High Street, Shrewton, Salisbury, Wiltshire SP3 4DB2
£294K04/220.64 mi15, Old School Mews, Shrewton, Salisbury, Wiltshire SP3 4FA2
£200K09/210.68 mi6, The Butts, Shrewton, Salisbury, Wiltshire SP3 4LD2
£207.5K07/210.81 mi3, Elston Lane, Shrewton, Salisbury, Wiltshire SP3 4FB2
£180K11/200.81 miThe Old Forge, London Road, Shrewton, Salisbury, Wiltshire SP3 4DH2
£217K10/210.82 miHill Cottage, London Road, Shrewton, Salisbury, Wiltshire SP3 4DH2
£290K07/221.01 mi18, London Road, Shrewton, Salisbury, Wiltshire SP3 4DN2

Local Rents

3 rents from £725/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£72509/240.83 miThe Garage Apartment, Shrewton1
£1,65003/250.84 mi-3
£1,30009/241.26 miOrcheston, Salisbury, Wiltshire, SP33

Local Area Statistics

Population in SP3

11,309

Population in Salisbury

93,605

Town centre distance

9.32 miles away

Nearest school

0.50 miles away

Nearest train station

9.13 miles away

 

 

Rental growth (12m)

+19%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £400,000

January 2, 2025

Sold for £390,000

2022

Sold for £229,000

2005

Floor Plans

Description

  • POPULAR VILLAGE OF SHREWTON +
  • SEMI-DETACHED CHARACTER COTTAGE +
  • DECEPTIVELY SPACIOUS ACCOMMODATION +
  • GOOD SIZED MATURE GARDENS +
  • DRIVEWAY PARKING +
  • QUOTE REF: AB0301 +

Located in the sought after village of Shrewton, this charming semi-detached two double bedroom cottage boasts deceptively spacious accommodation that seamlessly blends original character features with modern open living spaces, all set in lovely mature gardens. The pretty period cottage has been greatly improved in recent years, including full renovation and extension creating the deceptively spacious and well-proportioned home you find today. Period features include exposed beams and brick detailing which is beautifully complemented by a modern décor scheme in neutral tones. A further highlight of the property is the versatile ground floor layout, which comprises a stunning 28 ft. open plan kitchen/dining room, a true heart of the home space, a wonderful sitting room with a focal point log burning stove and a sizeable glazed conservatory that leads to the garden. Completing the ground floor accommodation is a superb utility/boot room, a must for any rural home and a cloakroom. Upstairs there is a spacious hallway leading to two generous double bedrooms both with lovely views over the rear garden. The bedrooms are serviced by a stylish family bathroom. The property is conveniently located on the edge of this much sought after village. The gardens are found to the rear and side of the home with a low wall and pedestrian gate separating the garden from the village road. The garden has a pleasing south-easterly aspect with a paved terrace to the rear, the ideal spot for outdoor entertaining and dining. The lawn beyond is flanked by a number of well-established shrubs and a number of impressive trees. Tucked discreetly into one corner is an attractive timber-clad garden studio which is ideally suited as a home office with heating and electricity. To the rear there is a gravel parking area reached over a shared driveway and access to the detached garage

Agent Details

eXp UK, South West

03304 609968

Next Steps?

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