2 Bed Terraced House, Refurb/BRRR, Salisbury, SP3 6NH, £170,000

Church Street, SP3 6NH - 2 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 4%
~68 m²
+4 photos

ValuationFair Value

Sold Prices£187.5K - £575K
Sold Prices/m²£2.7K/m² - £7.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£173,400

 

 

End Value (After Refurb)

£253,036

Uplift in Value

+49%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Refurb Costs

£27,612

Bridging Loan Interest

£4,463

Total Cash In

£82,624

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£253,036

Agent Fees (1%)

£2,530

Bridging Loan

£127,500

Bridging Loan Interest

£4,463

Flip Profit

£40,382

Local Sold Prices

20 sold prices from £187.5K to £575K, average is £269.9K. £2.7K/m² to £7.4K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£189K04/210.1 mi16, Station Road, Tisbury, Salisbury, Wiltshire SP3 6JR2
£310K10/230.17 mi12, Castle Mount, Tisbury, Salisbury, Wiltshire SP3 6PP2
£250K07/210.17 mi12, Castle Mount, Tisbury, Salisbury, Wiltshire SP3 6PP2
£200K01/210.17 mi29, Castle Mount, Tisbury, Salisbury, Wiltshire SP3 6PP2
£205K03/210.31 mi4, Jacksons Terrace, Tisbury, Salisbury, Wiltshire SP3 6HN2
£205K03/210.31 mi4, Jacksons Terrace, Tisbury, Salisbury, Wiltshire SP3 6HN2
£269.9K11/210.31 mi3, Jacksons Terrace, Tisbury, Salisbury, Wiltshire SP3 6HN2
£269.9K11/210.31 mi3, Jacksons Terrace, Tisbury, Salisbury, Wiltshire SP3 6HN2
£270K07/230.34 miThe Cottage, High Street, Tisbury, Salisbury, Wiltshire SP3 6PS2
£395K09/210.34 miJasmine Cottage, The Quarry, Tisbury, Salisbury, Wiltshire SP3 6HR2
£245K08/220.37 mi3, Weaveland Road, Tisbury, Salisbury, Wiltshire SP3 6HJ2
£255K06/210.38 miHigh Shield, Cuffs Lane, Tisbury, Salisbury, Wiltshire SP3 6LG2
£307K01/230.39 mi39, Weaveland Road, Tisbury, Salisbury, Wiltshire SP3 6HJ2
£575K04/221.88 mi79, High Street, Ansty, Salisbury, Wiltshire SP3 5QD2
£419.1K11/222.09 mi137, Stop Street, Fonthill Gifford, Salisbury, Wiltshire SP3 6QW2
£229.3K10/222.62 mi2, Barn Hill, Chilmark, Salisbury, Wiltshire SP3 5BG2
£325K05/212.7 mi5, The Street, Chilmark, Salisbury, Wiltshire SP3 5AR2
£187.5K04/212.89 mi1, Whitehill Estate, Hindon, Salisbury, Wiltshire SP3 6EH2
£290K09/232.98 mi5, Victoria Terrace, Hindon, Salisbury, Wiltshire SP3 6DU2
£285K08/222.98 mi2, Victoria Terrace, Hindon, Salisbury, Wiltshire SP3 6DU2

Local Rents

10 rents from £650/mo to £2.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£85607/240.18 mi-2
£90009/240.29 miThe Avenue, Tisbury, Wiltshire2
£75009/240.3 miPark Road, Tisbury, SALISBURY1
£92506/230.37 mi-1
£65009/240.78 miTisbury, Salisbury3
£2,80009/241.77 miWardour, Tisbury, Wiltshire3
£2,00009/242.06 mi-4
£1,79009/242.24 mi17 Pythouse, Newtown, Tisbury, Salisbury, Wiltshire SP3 6PA3
£1,60002/242.38 mi-3
£1,50009/242.44 mi3 Elm Grove Cottages, Fonthill Bishop, Salisbury, SP3 5SH3

Local Area Statistics

Population in SP3

11,309

Population in Salisbury

93,605

Town centre distance

12.13 miles away

Nearest school

0.40 miles away

Nearest train station

0.14 miles away

 

 

Rental growth (12m)

+19%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £170,000

February 12, 2025

Floor Plans

Description

  • No Forward Chain +
  • Grade II Listed +
  • In Need Of Modernisation +
  • 2 Bed Mid Terrace House +
  • Rear Garden +
  • On Road Parking Only +
  • Buyers Fee Applies +
  • Pre Auction Offers Considered +
  • Auction Pack Available On Request +

For Sale By Online Auction Pre Auction Offers Considered**

51 Church Street is a terraced three storey Grade II Listed cottage facing Tisbury's parish church and is thought to date from the late 17th Century. Built with limestone external elevations under a tiled roof and now in need of considerable improvement, updating and repair, the property offers a new owner scope to undertake a refurbishment and modernisation project and to restore its period character so as to create a charming village home. The accommodation on ground floor includes an open plan sitting/dining room with wooden flooring, a fireplace and access to the lean-to kitchen with a quarry tiled floor and sink. Upstairs on the first floor is a single bedroom, bathroom, airing cupboard housing the hot water tank and a double bedroom looking towards the churchyard at the front and stairs up to the second floor and a spacious double aspect attic bedroom.

Outside - To the rear is a small courtyard with a storage shed and steps up to the grassed garden with a wooden shed.

Situation - The property is situated just a short walk from Tisbury's bustling High Street with its excellent choice of independent local shops, boutiques and eateries as well as facilities including a primary school, doctor's and dental surgeries, vets, sports and community centre, garage and a station with direct rail services to London (Waterloo) and the West Country. The village is home to Messums Wiltshire, a contemporary arts centre in a 14th Century thatched tithe barn. Shaftesbury, famous for the picturesque steeply cobbled street of Gold Hill, has a good range of shops and schools whilst Salisbury has more comprehensive shopping, entertainment & leisure amenities, a district hospital and an iconic medieval cathedral. The local road network gives access to the other towns in the region whilst the A303 links with the M3, making London accessible for the motorist. Set amidst the beautiful countryside of the Nadder Valley, part of the Cranborne Chase National Landscape, Tisbury is an excellent base for a variety of rural pursuits including walking, riding, cycling and field sports. There are several excellent dining pubs in the vicinity as well as many places of interest.

Direction - From the distinctive sign & lamppost at the bottom of Tisbury's High Street take the turning West into Church Street signed to Newtown & Semley. Continue past the Old Brewery and church yard and the property will be found on the right.

Traditional Terms & Conditions - This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3.6% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £5,940 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE SALE PRICE. Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the 'legal pack', if you choose to bid on the property, you will be required to complete further identity checks for anti-money laundering purposes and provide card details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.

**Guide price - This is an indication of the seller's minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction, then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.

Agent Details

Whoobid, Dorset

01202 137200

Next Steps?

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