5 Bed Semi-Detached House, Refurb/BRRR, Salisbury, SP2 8JW, £795,000

98 Harnham Road, Salisbury, Wiltshire, SP2 8JW - 3 views - 4 months ago

Sold STC
Refurb/BRRR
~178 m²
+11 photos

ValuationOvervalued

Sold Prices£360K - £2.3M
Sold Prices/m²£1.8K/m² - £7.6K/m²

 

 

Square Metres

~178.28 m²
Price/m²£4.5K/m²

Value Estimate

£636,724

 

 

End Value (After Refurb)

£673,524

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£198,750

Stamp Duty & Legal Fees

£52,300

Refurb Costs

£72,847

Bridging Loan Interest

£20,869

Total Cash In

£346,515

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£673,524

Mortgage (After Refinance)

£505,143

Mortgage LTV

75%

Cash Left In

£346,515

Equity

£168,381

Rent Range

£1,025 - £8,220

Rent Estimate

£1,750

Running Costs/mo

£2,475

Cashflow/mo

£-725

Cashflow/yr

£-8,697

Gross Yield

3%

Local Sold Prices

29 sold prices from £360K to £2.3M, average is £662.5K. £1.8K/m² to £7.6K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£580K01/210.17 mi14, Old Blandford Road, Harnham, Salisbury, Wiltshire SP2 8DQ5
£950K12/200.27 mi110, Bouverie Avenue South, Salisbury, Wiltshire SP2 8DZ5
£700K09/210.34 mi16, Middle Street, Salisbury, Wiltshire SP2 8LL5
£1.3M08/230.38 mi115, Bouverie Avenue South, Salisbury, Wiltshire SP2 8EA5
£1.2M03/210.38 miLime House, Bouverie Avenue South, Salisbury, Wiltshire SP2 8EA5
£2.3M01/230.56 miFielding House, 14a, The Close, Salisbury, Wiltshire SP1 2EB5
£620K11/220.56 mi14, Thompson Close, Salisbury, Wiltshire SP2 8QU5
£445K06/230.57 mi60, Mill Road, Salisbury, Wiltshire SP2 7RZ5
£662.5K12/200.59 mi35, Rectory Road, Salisbury, Wiltshire SP2 7SD5
£662.5K12/200.59 mi35, Rectory Road, Salisbury, Wiltshire SP2 7SD5
£675K04/210.59 mi33, Rectory Road, Salisbury, Wiltshire SP2 7SD5
£620K05/230.97 miOld School House, School Lane, Salisbury, Wiltshire SP1 3YA5
£785K04/231.01 mi38, Albany Road, Salisbury, Wiltshire SP1 3YH5
£525K12/201.05 mi3, Millbrook, Salisbury, Wiltshire SP1 1NH5
£800K03/211.12 mi11, Swaynes Close, Salisbury, Wiltshire SP1 3AE5
£790K12/201.12 mi49, Wyndham Road, Salisbury, Wiltshire SP1 3AB5
£680K06/211.15 mi4, Marlborough Road, Salisbury, Wiltshire SP1 3TH5
£617.5K02/211.27 mi70, Campbell Road, Salisbury, Wiltshire SP1 3BG5
£585K12/201.32 mi2, Ventry Close, Salisbury, Wiltshire SP1 3ES5
£485K06/211.47 mi27, Empire Road, Salisbury, Wiltshire SP2 9DE5
£500K04/211.5 mi15, Cambridge Road, Salisbury, Wiltshire SP1 3BW5
£690K04/211.55 miYewtree Cottage, Petersfinger Road, Petersfinger, Salisbury, Wiltshire SP5 3BZ5
£360K11/211.62 mi78, Waters Road, Salisbury, Wiltshire SP1 3NX5
£700K12/201.63 miBrecklands, Laverstock Park, Laverstock, Salisbury, Wiltshire SP1 1QJ5
£900K06/231.63 miBrecklands, Laverstock Park, Laverstock, Salisbury, Wiltshire SP1 1QJ5
£575K04/231.74 mi7, Shakespeare Road, Salisbury, Wiltshire SP1 3LA5
£450K05/211.82 miThe Glen, Stratford Road, Stratford Sub Castle, Salisbury, Wiltshire SP1 3LQ5
£750K06/211.83 miTorrisholme, Stratford Road, Stratford Sub Castle, Salisbury, Wiltshire SP1 3LQ5
£550K12/201.89 mi19, Pauls Dene Road, Salisbury, Wiltshire SP1 3SE5

Local Rents

36 rents from £1K/mo to £8.2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,02509/240.05 miHollows Close, Salisbury, Wiltshire, SP23
£1,40010/230.36 mi-3
£1,40010/230.36 mi-3
£1,70009/240.37 miFrancis Way, Harnham, Salisbury3
£1,25009/240.46 miSwallowmead, Salisbury3
£1,45009/240.55 miNetherhampton Road, Salisbury3
£2,15009/240.58 miCrane Bridge Road, Salisbury4
£8,22004/250.58 mi-5
£1,05001/240.67 mi-3
£1,50001/250.69 mi-3
£1,50001/250.69 mi-3
£1,80001/240.69 mi-3
£1,30009/240.7 miSalisbury, Wiltshire4
£1,40009/240.73 miSteynings House, Chapel Place, Salisbury, Wiltshire, SP23
£1,60009/240.8 mi12 Winchester Street, Salisbury4
£1,30009/240.81 miPennyfarthing Street, Salisbury, SP13
£1,55009/240.85 miMilton Road, SALISBURY3
£1,35003/250.87 mi-3
£2,35009/240.92 miEndless Street Salisbury SP15
£1,30011/240.95 mi-3
£1,40009/240.96 miBelle Vue Road, Salisbury3
£1,25009/240.96 miLongland, Salisbury, Wiltshire, SP23
£1,10009/240.96 miDevizes Road, Salisbury3
£1,78003/250.97 mi-4
£1,45010/240.97 mi-3
£1,45010/240.97 mi-3
£2,90009/240.98 mi-5
£1,35002/250.99 mi-3
£1,20009/241.07 mi-3
£1,20009/241.07 mi-3
£1,40009/241.1 miKingsland Road Salisbury SP23
£1,29504/251.11 mi-3
£1,35009/241.14 miSALISBURY - Wyndham Terrace3
£1,60009/241.19 mi-5
£1,50009/241.23 miVictoria Road3
£1,45009/241.24 miCastle Road, Salisbury3

Local Area Statistics

Population in SP2

28,823

Population in Salisbury

93,605

Town centre distance

0.55 miles away

Nearest school

0.10 miles away

Nearest train station

0.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £795,000

January 3, 2025

Floor Plans

Description

  • An elegant semi-detached Edwardian property +
  • River frontage and stunning views to the Cathedral +
  • Spacious accommodation of over 2,000 sqft +
  • 15 minute walk to the city center +
  • 3 Reception rooms +
  • Kitchen/breakfast room +
  • 5 Bedrooms, 2 bathrooms +
  • Large landscaped garden, off road parking +
  • No forward chain +

An elegant semi-detached 5 bedroom Edwardian property with river frontage and stunning views over meadows to the Cathedral.

98 Harnham Road is a handsome semi-detached Edwardian house built in around 1911 and offers excellent curb appeal with attractive red brick elevations under a pitched slate roof and double height bay. The property has been in the same ownership for over 40 years and makes a wonderful family home. Internally there is great charm with many original period features of that era, high skirting boards, picture rails, panelled doors, fireplaces and good ceiling heights. The property has been well maintained over the years but would now benefit from updating and modernisation, representing an exciting opportunity for a buyer to rejuvenate a superbly positioned home. A key feature is the long rear garden leading down to the River Avon, looking across to the water meadows and to the Cathedral, this location gives the property a countryside feel whilst being close to the centre of the city.

Internally the accommodation is spacious measuring over 2,100 square feet with a useful entrance porch leading to the inner hall with stairs to the first floor and a cloak room below. At the front the dining room has a large bay window and fireplace. The kitchen/breakfast room has a selection of cupboards, stainless steel sink, gas hob, double oven and room for a table. The sitting room has a gas fire and opens into a conservatory which has views down the garden to the river. On the first floor the landing has an airing cupboard and stairs to 2nd floor. Bedroom 1 is a large double at the front of the property and has a bay window and air-conditioning unit. There are two double bedrooms positioned at the rear of the property both with lovely views, there is a further single bedroom as well as 2 bath/shower rooms. On the 2nd floor there is a further bedroom as well as door to the loft space.
98 Harnham Road presents a rare opportunity to purchase a centrally positioned home with river frontage, exceptional views and a rural feel.

Harnham is a popular residential area in Salisbury and is convenient for all of Salisbury’s excellent facilities – shopping, leisure, cultural, educational and the mainline station to London Waterlooo (90 minutes). In Harnham itself are local shops, restaurants, a hotel and churches and the house is an easy and pleasant walk away from the city, via the beautiful Cathedral Close. For those London commuters both the City and the train station are a pleasant walk away.

98 Harnham Road is set in beautifully maintained gardens. To the front there is a 5 bar gate giving access to a gravelled drive with parking for 2/3 cars. A side gate leads to the rear garden which has a great variety of specimen plants and trees with well established boarders and flower beds. There is a patio area leading from the conservatory, a greenhouse and two large wooden sheds. A grassed path leads to a large lawn and in turn to a summer house at the bottom of the garden. The River Avon is positioned at the bottom of the garden, the view over the river, meadows and towards the Cathedral is simply wonderful. In all a private and large garden which is ideal for those with green fingers.

Wiltshire County Council
Council Tax band F

Mains gas, water, electricity and drainage are available to the property

From Salisbury City centre proceed in a southerly direction along Exeter Street and at the roundabout continue straight across on to Newbridge Road. At the traffic lights bear right onto Harnham Road and continue for approximately 650 meters, the property will be found on the right hand side.

Agent Details

Woolley & Wallis, Salisbury

01722 548402

Next Steps?

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