4 Bed Semi-Detached House, Refurb/BRRR, Salisbury, SP2 7EH, £945,000

3 The Paragon, Salisbury, SP2 7EH, UK - 1 views - 2 months ago

Refurb/BRRR
~129 m²
+11 photos

ValuationOvervalued

Sold Prices£280K - £775K
Sold Prices/m²£2.5K/m² - £5.7K/m²

 

 

Square Metres

~129.26 m²
Price/m²£7.3K/m²

Value Estimate

£455,526

 

 

End Value (After Refurb)

£369,113

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£236,250

Stamp Duty & Legal Fees

£65,300

Refurb Costs

£52,815

Bridging Loan Interest

£24,806

Total Cash In

£380,921

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£369,113

Mortgage (After Refinance)

£276,835

Mortgage LTV

75%

Cash Left In

£380,921

Equity

£92,278

Rent Range

£1,050 - £2,150

Rent Estimate

£1,488

Running Costs/mo

£1,471

Cashflow/mo

£17

Cashflow/yr

£203

ROI

0%

Gross Yield

2%

Local Sold Prices

51 sold prices from £280K to £775K, average is £430K. £2.5K/m² to £5.7K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£280K12/200.12 mi54, Windsor Street, Salisbury, Wiltshire SP2 7EA4
£378K06/210.17 mi11, Russell Road, Salisbury, Wiltshire SP2 7LR4
£385K11/200.17 mi4, Jay Rise, Salisbury, Wiltshire SP2 7FL4
£320K04/230.34 mi31, Macklin Road, Salisbury, Wiltshire SP2 7HB4
£365K06/210.39 mi20, Canadian Avenue, Salisbury, Wiltshire SP2 7JN4
£772K04/230.39 mi28, Mill Road, Salisbury, Wiltshire SP2 7RZ4
£660K05/210.39 mi32, Mill Road, Salisbury, Wiltshire SP2 7RZ4
£295K11/200.43 mi31, Lower Road, Salisbury, Wiltshire SP2 9NB4
£485K02/230.46 mi169, Wilton Road, Salisbury, Wiltshire SP2 7JQ4
£367.5K03/210.59 mi11, Roman Road, Salisbury, Wiltshire SP2 9BH4
£425K03/230.6 mi6, St Andrews Road, Salisbury, Wiltshire SP2 9NU4
£615K12/200.62 mi2, Old Mill Gardens, Salisbury, Wiltshire SP2 8EX4
£475K02/210.63 mi14, Constable Way, Salisbury, Wiltshire SP2 8LN4
£375K06/210.64 mi71, Hamilton Road, Salisbury, Wiltshire SP1 3TQ4
£775K06/210.65 mi3, Victoria Road, Salisbury, Wiltshire SP1 3NF4
£560K08/230.65 mi23, Wyndham Road, Salisbury, Wiltshire SP1 3AB4
£460K06/210.67 mi77, Castle Road, Salisbury, Wiltshire SP1 3RN4
£465K03/230.67 mi24, Belle Vue Road, Salisbury, Wiltshire SP1 3YG4
£527.5K08/230.67 mi40, Belle Vue Road, Salisbury, Wiltshire SP1 3YD4
£527.5K08/230.67 mi40, Belle Vue Road, Salisbury, Wiltshire SP1 3YD4
£480K08/230.68 mi63, Belle Vue Road, Salisbury, Wiltshire SP1 3YE4
£450K02/230.7 mi237, Devizes Road, Salisbury, Wiltshire SP2 9LT4
£369K04/210.72 mi10, Old Meadows Walk, Salisbury, Wiltshire SP2 8PA4
£762.5K03/210.73 mi55, Wyndham Road, Salisbury, Wiltshire SP1 3AH4
£437.5K10/200.74 mi13, Wyndham Terrace, Salisbury, Wiltshire SP1 3AF4
£325K12/200.74 mi20, Wyndham Terrace, Salisbury, Wiltshire SP1 3AF4
£420K05/230.74 mi9, Wyndham Terrace, Salisbury, Wiltshire SP1 3AF4
£388K11/220.74 mi52, Queen Alexandra Road, Salisbury, Wiltshire SP2 9LA4
£769.5K08/230.75 mi21, Moberly Road, Salisbury, Wiltshire SP1 3BZ4
£450K11/200.77 mi40, Queens Road, Salisbury, Wiltshire SP1 3AG4
£378K03/210.77 mi34b, Ridgeway Road, Salisbury, Wiltshire SP1 3BU4
£625K06/210.78 mi32, Devonshire Road, Salisbury, Wiltshire SP1 3NW4
£429.9K10/210.79 mi2, St Georges Road, Salisbury, Wiltshire SP2 8LU4
£415K10/210.8 mi126, Netherhampton Road, Salisbury, Wiltshire SP2 8LZ4
£485K12/200.81 mi21, Cornwall Road, Salisbury, Wiltshire SP1 3NH4
£325K12/200.82 mi10, Wordsworth Road, Salisbury, Wiltshire SP1 3BH4
£325K12/200.82 mi10, Wordsworth Road, Salisbury, Wiltshire SP1 3BH4
£565K12/200.83 mi4, Queensberry Road, Salisbury, Wiltshire SP1 3PJ4
£750K06/230.83 miQueensberry House, Queensberry Road, Salisbury, Wiltshire SP1 3PJ4
£500K03/230.83 mi117, Netherhampton Road, Salisbury, Wiltshire SP2 8NA4
£325K01/210.84 mi57, Fairfield Road, Salisbury, Wiltshire SP1 3NY4
£292K09/230.84 mi7, The Greencroft, Salisbury, Wiltshire SP1 1JD4
£450K03/210.85 mi12, Shakespeare Road, Salisbury, Wiltshire SP1 3LA4
£415K03/210.85 mi5, Shakespeare Road, Salisbury, Wiltshire SP1 3LA4
£375K01/230.85 mi63, Park Street, Salisbury, Wiltshire SP1 3AT4
£430K01/230.85 mi29, Queen Mary Road, Salisbury, Wiltshire SP2 9LD4
£294.2K02/210.86 mi64, St Marks Road, Salisbury, Wiltshire SP1 3AZ4
£370K06/210.86 mi75, Brown Street, Salisbury, Wiltshire SP1 2BA4
£510K06/210.86 mi87, Brown Street, Salisbury, Wiltshire SP1 2BA4
£414K08/230.86 mi5, St Marks Road, Salisbury, Wiltshire SP1 3AY4
£445K01/230.86 mi86, Brown Street, Salisbury, Wiltshire SP1 2BA4

Local Rents

14 rents from £1.1K/mo to £2.1K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,35004/250.11 mi-3
£1,10009/240.12 miDevizes Road, Salisbury3
£1,35002/250.15 mi-3
£1,40009/240.2 miKingsland Road Salisbury SP23
£1,25009/240.23 miLongland, Salisbury, Wiltshire, SP23
£1,30011/240.27 mi-3
£1,80001/240.31 mi-3
£1,05001/240.38 mi-3
£1,40009/240.39 miSteynings House, Chapel Place, Salisbury, Wiltshire, SP23
£1,60009/240.46 mi-5
£1,70009/240.48 miDevizes Road, Salisbury3
£2,15009/240.52 miCrane Bridge Road, Salisbury4
£1,29504/250.59 mi-3
£1,45009/240.6 miCastle Road, Salisbury3

Local Area Statistics

Population in SP2

28,823

Population in Salisbury

93,605

Town centre distance

0.44 miles away

Nearest school

0.10 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £945,000

February 4, 2025

Floor Plans

Description

  • Exceptional period house +
  • Beautifully presented +
  • Within walking distance of city centre +
  • Classically proportioned rooms with period detail +
  • Neptune kitchen with island +
  • EPC Rating = D +

A stunningly presented grade II listed period house within an easy walk of the city centre

Description

The Paragon development received the Civic Society Lady Radnor Conservation Award for Most Outstanding Project in 2014. 3 The Paragon is believed to date from 1850, constructed of brick under a slate roof. This most attractive and beautifully decorated semi-detached period house was the subject of a restoration and renovation programme in 2012, turning what was almost a derelict property into a fine family house. Immense care has been taken to renovate or replicate the period details, including wonderful sash windows, plaster cornicing, high skirting boards, picture rails, door cases, shutters and fireplaces in virtually all of the reception rooms. The workmanship throughout is of the highest quality and apart from the restoration of period details, 21st century fittings complete a most impressive home. The spectacular kitchen/breakfast room is fitted with ‘Neptune’ cabinetry under white marble worktops.

The ground floor offers a variety of floor coverings including limestone, oak and carpet with underfloor heating in the kitchen and garden room. Every detail one would expect today is included such as lined cutlery drawers, central island and an elegant larder cupboard. Built in appliances include an American style fridge/freezer and a smart range cooker with five gas burners and an electric twin oven. The family room running off the kitchen/breakfast room offers a comfortable space to relax and caters to modern day living.

The ground floor accommodation throughout offers versatile use and a bonus is the cellar with wine store. On the upper floors the bedrooms are all spacious doubles, with the principal suite incorporating an en suite shower room.

There is a spacious eaves bedroom on the second floor with exposed timbers.

The house offers very good storage space comprising fitted wardrobes, attic store and the cellar

OUTSIDE
The house is approached from the Wilton road over a gravel driveway leading to the private parking spaces. At the front of the house are lawns and a path leading to the original front door, with intricate fan light and Georgian doorcase. At the side of the house there is access to the rear landscaped garden. Accessed from both the Kitchen and the Garden Room is a paved terrace, beyond which is a lawn.

Location

The Paragon is situated within a level walk of the Cathedral City of Salisbury.

Salisbury is renowned for its wide selection of excellent schools, both private and state, including Bishop Wordsworth’s and South Wilts Grammar School.

Salisbury itself offers a wide range of shopping, leisure and cultural facilities.

The A303 provides access to the southwest and London via the M3 and Salisbury Station (10 minute walk) offers a direct train service to London Waterloo.

Square Footage: 2,766 sq ft

Directions

SP2 7EH

From Salisbury St. Paul’s roundabout, take the A36 towards Wilton and The Paragon can be found a short distance on the right hand side before Salisbury Law Courts.

Additional Info

SERVICES : All mains services are available.

PLANNING : Grade II Listed

TENURE : The property is for sale freehold with vacant possession upon completion.

OUTGOINGS : Council Tax – Band E

VIEWING : Strictly by appointment with Savills.

Agent Details

Savills, Salisbury

01722 548980

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪