3 Bed Terraced House, Refurb/BRRR, Salisbury, SP1 2BP, £290,000

Milford Street, Salisbury, SP1 2BP - 4 views - 3 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£210K - £1.3M
Sold Prices/m²£2.2K/m² - £18.8K/m²

 

 

Square Metres

~93 m²
Price/m²£3.1K/m²

Value Estimate

£306,000
BMV2%

 

 

End Value (After Refurb)

£293,500

Uplift in Value

+-2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£37,702

Bridging Loan Interest

£7,613

Total Cash In

£132,264

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£293,500

Mortgage (After Refinance)

£220,125

Mortgage LTV

75%

Cash Released

£2,625

Cash Left In

£129,639

Equity

£73,375

Rent Range

£799 - £1,800

Rent Estimate

£1,335

Running Costs/mo

£1,204

Cashflow/mo

£131

Cashflow/yr

£1,570

ROI

1%

Gross Yield

6%

Local Sold Prices

51 sold prices from £210K to £1.3M, average is £328K. £2.2K/m² to £18.8K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£295K02/210.05 mi6, Guilder Lane, Salisbury, Wiltshire SP1 1HW3
£325K04/230.05 mi31, Guilder Lane, Salisbury, Wiltshire SP1 1HW3
£230K04/210.07 mi83, Rampart Road, Salisbury, Wiltshire SP1 1HU3
£335K12/220.08 mi96, Gigant Street, Salisbury, Wiltshire SP1 2BQ3
£225K02/210.1 mi19, Rampart Road, Salisbury, Wiltshire SP1 2LU3
£385K12/200.13 mi8, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF3
£238K10/200.13 mi58, Greencroft Street, Salisbury, Wiltshire SP1 1JE3
£290K05/230.14 mi26, Fowlers Road, Salisbury, Wiltshire SP1 2QU3
£258K10/200.14 mi26, Fowlers Road, Salisbury, Wiltshire SP1 2QU3
£210K08/230.15 mi5, Milford Hill, Salisbury, Wiltshire SP1 2QX3
£355K02/210.16 mi78, St Ann Street, Salisbury, Wiltshire SP1 2DX3
£230.1K09/210.19 mi9, St Martins Church Street, Salisbury, Wiltshire SP1 2HY3
£340K09/230.19 mi10, Greens Court, Salisbury, Wiltshire SP1 2SX3
£275K02/230.2 mi12, St Ann Street, Salisbury, Wiltshire SP1 2DN3
£310K08/210.2 mi61, St Ann Place, Salisbury, Wiltshire SP1 2SU3
£246K05/210.21 mi1, Salt Lane, Salisbury, Wiltshire SP1 1DT3
£330K06/210.22 mi65, St Ann Place, Salisbury, Wiltshire SP1 2SU3
£345K05/230.23 mi12, St Margarets Close, Salisbury, Wiltshire SP1 2RY3
£297.5K11/220.23 mi14, St Margarets Close, Salisbury, Wiltshire SP1 2RY3
£300K12/200.24 mi39, New Street, Salisbury, Wiltshire SP1 2PH3
£285K06/210.24 mi20, Friars Orchard, Salisbury, Wiltshire SP1 2SY3
£295K04/230.24 mi3, Friars Orchard, Salisbury, Wiltshire SP1 2SY3
£365K03/230.26 miIvyhurst, 6, Kelsey Road, Salisbury, Wiltshire SP1 1JP3
£485K12/220.27 mi5, Courtwood Close, Salisbury, Wiltshire SP1 2RX3
£390K06/210.28 mi19, Clarendon Road, Salisbury, Wiltshire SP1 1LG3
£259.5K04/210.3 mi22, Kelsey Road, Salisbury, Wiltshire SP1 1JZ3
£583K07/230.3 mi53, Endless Street, Salisbury, Wiltshire SP1 3UH3
£415K12/200.31 mi22, Belle Vue Road, Salisbury, Wiltshire SP1 3YG3
£318K11/220.33 mi86, Tollgate Road, Salisbury, Wiltshire SP1 2JJ3
£252.5K12/200.36 mi46, Kelsey Road, Salisbury, Wiltshire SP1 1LA3
£445K05/210.37 mi36, Albany Road, Salisbury, Wiltshire SP1 3YH3
£415K12/200.37 mi46, Albany Road, Salisbury, Wiltshire SP1 3YH3
£419K03/210.37 mi6, Albany Road, Salisbury, Wiltshire SP1 3YH3
£475K04/230.37 mi36, Albany Road, Salisbury, Wiltshire SP1 3YH3
£475K04/230.37 mi36, Albany Road, Salisbury, Wiltshire SP1 3YH3
£417.5K02/210.37 mi5, Belle Vue Road, Salisbury, Wiltshire SP1 3YD3
£355K03/210.37 mi23, Belle Vue Road, Salisbury, Wiltshire SP1 3YD3
£430K11/210.37 mi47, Belle Vue Road, Salisbury, Wiltshire SP1 3YD3
£285K05/210.38 mi41, Park Street, Salisbury, Wiltshire SP1 3AT3
£1.3M12/210.38 mi93, Park Street, Salisbury, Wiltshire SP1 3AT3
£320K10/200.4 mi88, Park Street, Salisbury, Wiltshire SP1 3AU3
£321K06/210.4 mi50, Park Street, Salisbury, Wiltshire SP1 3AU3
£386K02/230.41 mi19, Wain A Long Road, Salisbury, Wiltshire SP1 1LJ3
£520K02/230.42 mi33, Wain A Long Road, Salisbury, Wiltshire SP1 1LJ3
£250K08/210.42 mi26, Wain A Long Road, Salisbury, Wiltshire SP1 1LW3
£450K10/220.42 mi67, Wain A Long Road, Salisbury, Wiltshire SP1 1LW3
£422.5K01/210.43 mi6, Queens Road, Salisbury, Wiltshire SP1 3AJ3
£328K09/210.43 mi110, Laverstock Road, Salisbury, Wiltshire SP1 2SA3
£295K11/200.44 mi44, Manor Farm Road, Salisbury, Wiltshire SP1 2RR3
£345K02/230.44 mi24, Manor Farm Road, Salisbury, Wiltshire SP1 2RR3
£305K06/230.44 mi48, Manor Farm Road, Salisbury, Wiltshire SP1 2RR3

Local Rents

27 rents from £799/mo to £1.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30009/240.06 miPennyfarthing Street, Salisbury, SP13
£1,20009/240.27 mi-3
£1,20009/240.27 mi-3
£1,40009/240.33 miBelle Vue Road, Salisbury3
£1,35009/240.43 miSALISBURY - Wyndham Terrace3
£1,40009/240.47 miSteynings House, Chapel Place, Salisbury, Wiltshire, SP23
£1,05001/240.49 mi-3
£1,25009/240.54 miSALISBURY - Atherton Court3
£1,80001/240.56 mi-3
£1,40010/230.64 mi-3
£1,40010/230.64 mi-3
£1,30012/240.65 mi-3
£1,50009/240.66 miVictoria Road3
£1,45009/240.69 miCastle Road, Salisbury3
£1,35003/250.74 mi-3
£79912/240.77 mi-3
£1,10009/240.78 miDevizes Road, Salisbury3
£1,35003/250.79 mi-3
£1,02509/240.85 miHollows Close, Salisbury, Wiltshire, SP23
£1,40009/240.89 miKingsland Road Salisbury SP23
£1,55009/240.92 miMilton Road, SALISBURY3
£1,70009/240.99 miFrancis Way, Harnham, Salisbury3
£1,25009/241.05 miLongland, Salisbury, Wiltshire, SP23
£1,25009/241.05 miSwallowmead, Salisbury3
£1,45010/241.12 mi-3
£1,45010/241.12 mi-3
£1,45009/241.19 miNetherhampton Road, Salisbury3

Local Area Statistics

Population in SP1

21,621

Population in Salisbury

93,605

Town centre distance

0.51 miles away

Nearest school

0.20 miles away

Nearest train station

0.65 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 £290,000

March 20, 2025

Listed for £300,000

January 23, 2025

Floor Plans

Description

  • HEART OF SALISBURY CITY CENTRE +
  • GRADE II LISTED TERRACED HOUSE +
  • THREE GOOD SIZED BEDROOMS +
  • FAMILY SHOWER ROOM +
  • IDEAL INVESTMENT OPPORTUNITY +
  • QUOTE REF: AB0301 +

Located just minutes from the centre of the city, this grade II listed, mid-terrace house offers its accommodation over three floors and ideally located for any prospective buyer looking for a property within the heart of Salisbury. This house offers a good sized accommodation seldom found in properties in the city centre and benefits from ample built-in storage solutions, a low-maintenance rear garden and makes for a great Airbnb or buy-to-let opportunity with some light modernisation. The accommodation also benefits from gas central heating throughout, and offers a sitting room and kitchen on the ground floor. Upstairs there is a shower room and two bedrooms with the remaining bedroom on the top floor. Externally the plot offers a courtyard garden space to the rear. The property is a short walk from Salisbury city centre. Salisbury city centre has regionally recognised retail, cultural and educational establishments, as well as a range of award winning restaurants and bars. It is within walking distance of these as well as being in a prime position to reach both Bishops & South Wilts Grammar Schools, and Salisbury Cathedral School, Chafyn Grove, Leehurst Swan, Godolphin School and Preparatory School. Salisbury train station offers direct links to London Waterloo in 83 minutes.

Agent Details

eXp UK, South West

03304 609968

Next Steps?

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