3 Bed Terraced House, Refurb/BRRR, Salisbury, SP1 3YH, £375,000

16 Albany Road, Salisbury, SP1 3YH - 2 views - 3 months ago

Sold STC
Refurb/BRRR
104 m²

ValuationOvervalued

Sold Prices£160K - £1.3M
Sold Prices/m²£506/m² - £18.8K/m²

 

 

Square Metres

104 m²
Price/m²£3.6K/m²

Value Estimate

£347,618

 

 

End Value (After Refurb)

£383,158

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£42,161

Bridging Loan Interest

£9,844

Total Cash In

£166,205

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£383,158

Mortgage (After Refinance)

£287,368

Mortgage LTV

75%

Cash Released

£6,118

Cash Left In

£160,086

Equity

£95,789

Rent Range

£799 - £1,800

Rent Estimate

£1,304

Running Costs/mo

£1,478

Cashflow/mo

£-174

Cashflow/yr

£-2,090

Gross Yield

4%

Local Sold Prices

52 sold prices from £160K to £1.3M, average is £367.5K. £506/m² to £18.8K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£445K05/210.01 mi36, Albany Road, Salisbury, Wiltshire SP1 3YH3
£415K12/200.01 mi46, Albany Road, Salisbury, Wiltshire SP1 3YH3
£419K03/210.01 mi6, Albany Road, Salisbury, Wiltshire SP1 3YH3
£475K04/230.01 mi36, Albany Road, Salisbury, Wiltshire SP1 3YH3
£475K04/230.01 mi36, Albany Road, Salisbury, Wiltshire SP1 3YH3
£417.5K02/210.03 mi5, Belle Vue Road, Salisbury, Wiltshire SP1 3YD3
£355K03/210.03 mi23, Belle Vue Road, Salisbury, Wiltshire SP1 3YD3
£430K11/210.03 mi47, Belle Vue Road, Salisbury, Wiltshire SP1 3YD3
£415K12/200.04 mi22, Belle Vue Road, Salisbury, Wiltshire SP1 3YG3
£583K07/230.09 mi53, Endless Street, Salisbury, Wiltshire SP1 3UH3
£370K08/230.11 mi14, Wyndham Road, Salisbury, Wiltshire SP1 3AA3
£422.5K01/210.15 mi6, Queens Road, Salisbury, Wiltshire SP1 3AJ3
£246K05/210.17 mi1, Salt Lane, Salisbury, Wiltshire SP1 1DT3
£315K05/230.17 mi36, Hamilton Road, Salisbury, Wiltshire SP1 3TG3
£260K02/230.17 mi38, Queens Road, Salisbury, Wiltshire SP1 3AG3
£439.9K05/210.18 mi75, Hamilton Road, Salisbury, Wiltshire SP1 3TQ3
£365K12/200.19 mi27, Hamilton Road, Salisbury, Wiltshire SP1 3TF3
£352.5K09/230.19 mi39, Hamilton Road, Salisbury, Wiltshire SP1 3TF3
£285K05/210.2 mi41, Park Street, Salisbury, Wiltshire SP1 3AT3
£1.3M12/210.2 mi93, Park Street, Salisbury, Wiltshire SP1 3AT3
£321K06/210.21 mi50, Park Street, Salisbury, Wiltshire SP1 3AU3
£567.8K11/200.23 mi75, St Marks Road, Salisbury, Wiltshire SP1 3AY3
£420K10/210.23 mi67, St Marks Road, Salisbury, Wiltshire SP1 3AY3
£385K12/200.23 mi8, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF3
£339K02/230.23 mi56, St Marks Road, Salisbury, Wiltshire SP1 3AZ3
£295K03/210.24 mi3, Nelson Road, Salisbury, Wiltshire SP1 3LT3
£395K05/230.24 mi20, Nelson Road, Salisbury, Wiltshire SP1 3LT3
£365K07/230.29 mi54, Campbell Road, Salisbury, Wiltshire SP1 3BG3
£365K07/230.29 mi54, Campbell Road, Salisbury, Wiltshire SP1 3BG3
£290K02/230.29 mi6, Campbell Road, Salisbury, Wiltshire SP1 3BG3
£205K02/230.3 mi63, Donaldson Road, Salisbury, Wiltshire SP1 3DB3
£405K05/210.31 mi6, Victoria Road, Salisbury, Wiltshire SP1 3NG3
£300K03/210.32 mi68a, Hulse Road, Salisbury, Wiltshire SP1 3LY3
£400K06/230.32 mi28, Hulse Road, Salisbury, Wiltshire SP1 3LY3
£295K02/210.32 mi6, Guilder Lane, Salisbury, Wiltshire SP1 1HW3
£325K04/230.32 mi31, Guilder Lane, Salisbury, Wiltshire SP1 1HW3
£398K06/210.33 mi49, Hulse Road, Salisbury, Wiltshire SP1 3LU3
£482.5K10/210.33 mi28, Ridgeway Road, Salisbury, Wiltshire SP1 3BU3
£555K10/220.34 mi6, Ridgeway Road, Salisbury, Wiltshire SP1 3BU3
£240K03/210.35 mi46, St Pauls Road, Salisbury, Wiltshire SP2 7BD3
£275K09/210.35 mi52, St Pauls Road, Salisbury, Wiltshire SP2 7BD3
£365K03/230.35 miIvyhurst, 6, Kelsey Road, Salisbury, Wiltshire SP1 1JP3
£610K01/230.35 mi11, Ridgeway Road, Salisbury, Wiltshire SP1 3BT3
£230K04/210.36 mi83, Rampart Road, Salisbury, Wiltshire SP1 1HU3
£538K03/210.37 mi38, Moberly Road, Salisbury, Wiltshire SP1 3BY3
£259.5K04/210.39 mi22, Kelsey Road, Salisbury, Wiltshire SP1 1JZ3
£264K12/220.39 mi54, George Street, Salisbury, Wiltshire SP2 7BB3
£390K06/210.39 mi19, Clarendon Road, Salisbury, Wiltshire SP1 1LG3
£386K02/230.4 mi19, Wain A Long Road, Salisbury, Wiltshire SP1 1LJ3
£222.5K01/210.4 mi58, York Road, Salisbury, Wiltshire SP2 7AT3
£317.5K12/220.4 mi33, York Road, Salisbury, Wiltshire SP2 7AT3
£160K03/210.42 mi47, Meadow Road, Salisbury, Wiltshire SP2 7BL3

Local Rents

17 rents from £799/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,40009/240.04 miBelle Vue Road, Salisbury3
£1,35009/240.14 miSALISBURY - Wyndham Terrace3
£1,29504/250.18 mi-3
£1,30009/240.3 miPennyfarthing Street, Salisbury, SP13
£1,20009/240.3 mi-3
£1,20009/240.3 mi-3
£1,50009/240.31 miVictoria Road3
£1,45009/240.34 miCastle Road, Salisbury3
£1,40009/240.36 miSteynings House, Chapel Place, Salisbury, Wiltshire, SP23
£1,25009/240.37 miSALISBURY - Atherton Court3
£1,30011/240.4 mi-3
£79912/240.42 mi-3
£1,05001/240.42 mi-3
£1,80001/240.47 mi-3
£1,35002/250.55 mi-3
£1,35004/250.55 mi-3
£1,10009/240.56 miDevizes Road, Salisbury3

Local Area Statistics

Population in SP1

21,621

Population in Salisbury

93,605

Town centre distance

0.52 miles away

Nearest school

0.10 miles away

Nearest train station

0.54 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+49%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £375,000

February 3, 2025

Floor Plans

Description

A classic Salisbury townhouse in need of modernisation located in this prime residential area. The house has gas central heating and double glazing and is located within easy level walking distance of the market square, the Cathedral Close and the railway station.

Directions - From Castle Street procced up Scots Lane, turn left into Endless Street, round the corner and first left into Albany Road.

Reception Hall - Stairs to first floor. Radiator. Telephone point.

Sitting Room - 3.97m x 3.37m (13'0" x 11'0") - Gas fire, bay window, radiator.

Dining Room - 4.15m x 2.93m (13'7" x 9'7") - Gas Fire, display cupboard, TV point, radiator.

Kitchen/Breakfast Room - 6.13m max x 3.15m (20'1" max x 10'4") - Double drawer sink unit, range of base and drawer units, wall cupboards, electric cooker point, plumbing and drainage for washing machine, shelving, door to garden.

Landing - Access to loft, cupboard.

Bedroom One - 3.94m x 3.90m (12'11" x 12'9") - Range of wardrobes, radiator.

Bedroom Two - 3.74m x 2.84m (12'3" x 9'3") - Two cupboards, radiator.

Bedroom Three - 3.00m x 2.63m (9'10" x 8'7") - Airing cupboard with Worcester boiler, radiator.

Bathroom - Panelled bath with Heat Rae shower, wash basin, WC, part tiled walls, radiator.

Outside - East facing rear garden with lawn, flower beds, shed and separate pedestrian access.

Agent Details

Venditum, Netherhampton

01722 449933

Next Steps?

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