2 Bed Bungalow, Refurb/BRRR, Salisbury, SP3 4JL, £300,000
Maddington Street, Shrewton, SP3 4JL - 3 months ago
Refurb/BRRR
ROI: 2%
~68 m²





+14 photos
ValuationOvervalued
Sold Prices | £152K - £294K |
Sold Prices/m² | £2.6K/m² - £4.1K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £4.4K/m² |
Value Estimate | £173,188 |
| |
End Value (After Refurb) | £231,375 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £75,000 |
Stamp Duty & Legal Fees | £18,700 |
Refurb Costs | £27,612 |
Bridging Loan Interest | £7,875 |
Total Cash In | £130,937 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £231,375 |
Mortgage (After Refinance) | £173,531 |
Mortgage LTV | 75% |
Cash Left In | £130,937 |
Equity | £57,844 |
Rent Range | £725 - £1,650 |
Rent Estimate | £1,225 |
Running Costs/mo | £988 |
Cashflow/mo | £237 |
Cashflow/yr | £2,843 |
ROI | 2% |
Gross Yield | 5% |
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.
Local Rents
3 rents from £725/mo to £1.6K/mo, average is £1.3K/mo.
Local Area Statistics
Population in SP3 | 11,309 |
Population in Salisbury | 93,605 |
Town centre distance | 9.84 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 9.65 miles away |
| |
Rental growth (12m) | +19% |
Sales demand | Balanced market |
Capital growth (5yrs) | +18% |
Property History
Price changed to £300,000
March 24, 2025
Listed for £325,000
January 2, 2025
Floor Plans
