3 Bed Detached House, Refurb/BRRR, Salisbury, SP1 1SG, £400,000

14 Westfield Close, Laverstock, Salisbury, Wiltshire, SP1 1SG - 3 months ago

Sold STC
Refurb/BRRR
~93 m²
+6 photos

ValuationOvervalued

Sold Prices£229.9K - £645K
Sold Prices/m²£1.8K/m² - £10.1K/m²

 

 

Square Metres

~93 m²
Price/m²£4.3K/m²

Value Estimate

£341,747

 

 

End Value (After Refurb)

£380,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£37,702

Bridging Loan Interest

£10,500

Total Cash In

£170,652

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£380,250

Mortgage (After Refinance)

£285,188

Mortgage LTV

75%

Cash Left In

£170,652

Equity

£95,063

Rent Range

£799 - £1,500

Rent Estimate

£1,280

Running Costs/mo

£1,464

Cashflow/mo

£-184

Cashflow/yr

£-2,211

Gross Yield

4%

Local Sold Prices

50 sold prices from £229.9K to £645K, average is £383.5K. £1.8K/m² to £10.1K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£475K03/230.04 mi4, Church Road, Laverstock, Salisbury, Wiltshire SP1 1QT3
£382K10/210.08 mi7, Paddock Way, Laverstock, Salisbury, Wiltshire SP1 1SJ3
£420K12/210.08 mi10, Paddock Way, Laverstock, Salisbury, Wiltshire SP1 1SJ3
£330K06/230.12 mi3, Boundary Road, Laverstock, Salisbury, Wiltshire SP1 1RN3
£287.5K08/230.12 mi1, Boundary Road, Laverstock, Salisbury, Wiltshire SP1 1RN3
£390K02/230.16 mi25, Hill Road, Laverstock, Salisbury, Wiltshire SP1 1RW3
£295K08/210.16 mi12, Boundary Road, Laverstock, Salisbury, Wiltshire SP1 1RN3
£335K06/210.17 mi42, Down View Road, Laverstock, Salisbury, Wiltshire SP1 1RP3
£440K10/210.23 mi2, Elm Close, Laverstock, Salisbury, Wiltshire SP1 1SA3
£440K02/230.25 mi12, Elm Close, Laverstock, Salisbury, Wiltshire SP1 1SA3
£365K12/200.25 mi26, Elm Close, Laverstock, Salisbury, Wiltshire SP1 1SA3
£391K06/230.28 mi9, Rosemary Close, Laverstock, Salisbury, Wiltshire SP1 1PP3
£460K03/230.29 mi45, Church Road, Laverstock, Salisbury, Wiltshire SP1 1QY3
£450K11/220.32 mi4, William Close, Laverstock, Salisbury, Wiltshire SP1 1QQ3
£320K12/200.32 mi2, William Close, Laverstock, Salisbury, Wiltshire SP1 1QQ3
£345K11/200.34 mi36, Napier Crescent, Laverstock, Salisbury, Wiltshire SP1 1PL3
£370K09/210.37 mi21, Napier Crescent, Laverstock, Salisbury, Wiltshire SP1 1PJ3
£295K02/210.39 mi7, Cheverell Avenue, Salisbury, Wiltshire SP1 3HH3
£355K06/210.41 mi71, Church Road, Laverstock, Salisbury, Wiltshire SP1 1QZ3
£385K11/210.43 mi5, Melvin Close, Laverstock, Salisbury, Wiltshire SP1 1PG3
£323K04/210.43 mi28, Melvin Close, Laverstock, Salisbury, Wiltshire SP1 1PG3
£435K06/230.43 mi6, Melvin Close, Laverstock, Salisbury, Wiltshire SP1 1PG3
£305K04/210.44 mi134, Greenwood Avenue, Laverstock, Salisbury, Wiltshire SP1 1PE3
£397.4K10/210.44 mi29, Beechcroft Road, Laverstock, Salisbury, Wiltshire SP1 1PF3
£355K09/230.44 mi23, Beechcroft Road, Laverstock, Salisbury, Wiltshire SP1 1PF3
£250K05/230.49 mi31, Lovett Green, Salisbury, Wiltshire SP1 3HZ3
£255K03/210.49 mi19, Seth Ward Drive, Salisbury, Wiltshire SP1 3HY3
£295K10/200.5 mi82, London Road, Salisbury, Wiltshire SP1 3HA3
£390K01/230.5 mi107, London Road, Salisbury, Wiltshire SP1 3HA3
£229.9K02/210.53 mi30, Seth Ward Drive, Salisbury, Wiltshire SP1 3HT3
£574K02/230.54 mi28a, Bourne Avenue, Salisbury, Wiltshire SP1 1LS3
£475K11/220.56 mi32, Riverbourne Road, Salisbury, Wiltshire SP1 1NS3
£645K12/220.57 mi22, Riverbourne Road, Salisbury, Wiltshire SP1 1NS3
£555K07/230.57 mi40, Riverbourne Road, Salisbury, Wiltshire SP1 1NS3
£455K01/210.57 mi30, Riverbourne Road, Salisbury, Wiltshire SP1 1NS3
£250K08/210.57 mi26, Wain A Long Road, Salisbury, Wiltshire SP1 1LW3
£450K10/220.57 mi67, Wain A Long Road, Salisbury, Wiltshire SP1 1LW3
£520K02/230.58 mi33, Wain A Long Road, Salisbury, Wiltshire SP1 1LJ3
£386K02/230.59 mi19, Wain A Long Road, Salisbury, Wiltshire SP1 1LJ3
£328K09/210.59 mi110, Laverstock Road, Salisbury, Wiltshire SP1 2SA3
£410K12/220.6 mi9, Glendale Crescent, Salisbury, Wiltshire SP1 1NT3
£417.5K11/220.61 mi17, Riverbourne Road, Salisbury, Wiltshire SP1 1NU3
£415K10/200.62 mi33, Riverbourne Road, Salisbury, Wiltshire SP1 1NU3
£245K10/210.63 mi15, Burgess Green, Salisbury, Wiltshire SP1 3EL3
£414K11/200.64 mi22, Potters Way, Laverstock, Salisbury, Wiltshire SP1 1PY3
£252.5K12/200.64 mi46, Kelsey Road, Salisbury, Wiltshire SP1 1LA3
£308K12/220.66 mi8, Jewell Close, Salisbury, Wiltshire SP1 3HR3
£260K04/210.66 mi15, Linkway, Bishopdown, Salisbury, Wiltshire SP1 3EP3
£298K04/230.66 mi14, Hallum Close, Salisbury, Wiltshire SP1 3JG3
£610K11/220.67 mi88, St Marks Avenue, Salisbury, Wiltshire SP1 3DW3

Local Rents

13 rents from £799/mo to £1.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25009/240.6 miSALISBURY - Atherton Court3
£1,30002/240.69 mi-3
£1,05010/230.71 mi-3
£1,20009/240.74 mi-3
£1,20009/240.74 mi-3
£1,35009/240.83 miSALISBURY - Wyndham Terrace3
£1,48007/240.84 mi-3
£1,40009/240.99 miBelle Vue Road, Salisbury3
£1,30009/241 miPennyfarthing Street, Salisbury, SP13
£1,29504/251.01 mi-3
£1,50009/241.02 miVictoria Road3
£1,45009/241.05 miCastle Road, Salisbury3
£79912/241.07 mi-3

Local Area Statistics

Population in SP1

21,621

Population in Salisbury

93,605

Town centre distance

1.44 miles away

Nearest school

0.10 miles away

Nearest train station

1.50 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+49%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £400,000

January 28, 2025

Floor Plans

Description

  • VACANT POSSESSION +
  • QUIET CUL-DE-SAC +
  • 2 RECEPTION ROOMS +
  • 3 BEDROOMS +
  • GAS CENTRAL HEATING +
  • DOUBLE GLAZING +
  • BATHROOM AND SHOWER ROOM +
  • UTILITY ROOM +
  • PARKING AND GARAGE +

A 3 bedroom detached family home in a quiet location close to schools and shop, with front and rear gardens together with garage and parking. It is in need of some updating but offers terrific potential for extension and alteration.

Description - The property is a detached family home occupying an end of cul-de-sac and quiet position in this popular residential development. The accommodation does need some updating and comprises an entrance porch, hallway, sitting room, dining room, utility, shower room, rear lobby and kitchen on the ground floor with three good size bedrooms and a family bathroom on the first floor. Further benefits include PVCu double glazing, gas fired central heating, a garage with off road parking and gardens to the front and rear. Westfield Close lies within a popular area of Laverstock on the north-eastern side of the city and nearby amenities include both primary and secondary schools, a convenience store and a public house. The city centre lies approximately 2 miles away and offers a further range of amenities including a mainline railway station serving London Waterloo. Vacant possession.

Porch - Fully front door with glazed side panel, glazed door to:

Hall - Stairs to first floor with understairs storage cupboard and heating thermostat.

Sitting Room - Picture window to front elevation. Tiled fireplace, hearth and mantel and inset electric fire. Sliding doors to:

Dining Room - Serving hatch to kitchen.

Kitchen - Range of work surfaces, inset single drainer stainless steel sink unit with mixer tap, base and wall mounted cupboards and drawers, built-in oven, built-in gas hob with extractor hood over. Serving hatch to dining room. Tiled splashbacks, further storage cupboard.

Utility Room - Work surface with inset single drainer stainless steel sink unit, cupboards beneath, space and plumbing for washing machine. Further appliance space. Door to rear lobby.

Shower Room - Shower cubicle with electric shower, low level WC, wall heater, extractor fan, part-tiled walls.

Rear Lobby - Work surface with cupboard below, door to garden.

First Floor - Landing - Hatch to loft space.

Bedroom One - Excellent range of built-in wardrobes with shelving, eaves storage cupboard, dressing table with further cupboards. Telephone point.

Bedroom Two - Built-in double wardrobe, shelved airing cupboard with lagged hot water tank and immersion heater. Double aspect room.

Bedroom Three - Fitted shelving.

Bathroom - Panelled bath with shower attachment and mixer taps, low level WC and wash hand basin. Part-tiled walls.

Garage - Integral garage with up and over door, light and power, window and pedestrian access door.

Outside - To the front of the property is a concrete parking driveway with paved sitting area to side, low brick walling and hedging to front, flowerbeds and shrubs. Access gate leads to rear with useful covered storage areas , outside lighting, steps down to paved sitting area with raised flowerbeds and shrubs, archways with climbers leading to further sitting areas, lawn, flowerbeds, enclosed by timber fencing. Storage area to side.

Services - Mains gas, water, electricity and drainage are connected to the property.

Outgoings - The Council Tax Band is ?E and the payment for the year 2024/2025 payable to Wiltshire Council is £2741.72

Directions - From our office in Castle Street, proceed away from the city centre and at the roundabout turn right on to the ring road. At St Marks roundabout take the third exit forwards into Wain-a-Long Road and proceed to the bottom of the hill before turning right at the T junction. At the mini-roundabout turn left and proceed underneath the railway bridge before turning right at the next roundabout into Woodland Way. At the next T-junction turn right into Dalewood Rise. At the end, turn right into Westfeild Close.

What3words - What3Words reference is: ///job.ashes.grew

Agent Details

Whites, Salisbury

01722 444869

Next Steps?

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