3 Bed Semi-Detached House, Refurb/BRRR, Salisbury, SP1 1LE, £275,000

Laverstock Road, Salisbury ***VIDEO TOUR***, SP1 1LE - 1 views - 3 months ago

Sold STC
Refurb/BRRR
~93 m²
+9 photos

ValuationUndervalued

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

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£283,250
BMV3%

 

 

End Value (After Refurb)

£328,235

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£37,702

Bridging Loan Interest

£7,219

Total Cash In

£126,120

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£328,235

Mortgage (After Refinance)

£246,176

Mortgage LTV

75%

Cash Released

£39,926

Cash Left In

£86,194

Equity

£82,059

Rent Range

£799 - £1,800

Rent Estimate

£1,306

Running Costs/mo

£1,307

Cashflow/mo

£-1

Cashflow/yr

£-11

Gross Yield

6%

Local Sold Prices

50 sold prices from £210K to £1.3M, average is £350K. £2.2K/m² to £18.8K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£252.5K12/200.03 mi46, Kelsey Road, Salisbury, Wiltshire SP1 1LA3
£390K06/210.08 mi19, Clarendon Road, Salisbury, Wiltshire SP1 1LG3
£259.5K04/210.08 mi22, Kelsey Road, Salisbury, Wiltshire SP1 1JZ3
£250K08/210.1 mi26, Wain A Long Road, Salisbury, Wiltshire SP1 1LW3
£450K10/220.1 mi67, Wain A Long Road, Salisbury, Wiltshire SP1 1LW3
£328K09/210.1 mi110, Laverstock Road, Salisbury, Wiltshire SP1 2SA3
£365K03/230.12 miIvyhurst, 6, Kelsey Road, Salisbury, Wiltshire SP1 1JP3
£520K02/230.15 mi33, Wain A Long Road, Salisbury, Wiltshire SP1 1LJ3
£386K02/230.16 mi19, Wain A Long Road, Salisbury, Wiltshire SP1 1LJ3
£485K12/220.17 mi5, Courtwood Close, Salisbury, Wiltshire SP1 2RX3
£574K02/230.17 mi28a, Bourne Avenue, Salisbury, Wiltshire SP1 1LS3
£345K02/230.19 mi24, Manor Farm Road, Salisbury, Wiltshire SP1 2RR3
£305K06/230.19 mi48, Manor Farm Road, Salisbury, Wiltshire SP1 2RR3
£295K11/200.19 mi44, Manor Farm Road, Salisbury, Wiltshire SP1 2RR3
£297.5K11/220.2 mi14, St Margarets Close, Salisbury, Wiltshire SP1 2RY3
£345K05/230.2 mi12, St Margarets Close, Salisbury, Wiltshire SP1 2RY3
£210K08/230.22 mi5, Milford Hill, Salisbury, Wiltshire SP1 2QX3
£230K04/210.26 mi83, Rampart Road, Salisbury, Wiltshire SP1 1HU3
£290K05/230.27 mi26, Fowlers Road, Salisbury, Wiltshire SP1 2QU3
£225K02/210.3 mi19, Rampart Road, Salisbury, Wiltshire SP1 2LU3
£295K02/210.3 mi6, Guilder Lane, Salisbury, Wiltshire SP1 1HW3
£325K04/230.3 mi31, Guilder Lane, Salisbury, Wiltshire SP1 1HW3
£1.3M12/210.33 mi93, Park Street, Salisbury, Wiltshire SP1 3AT3
£285K05/210.33 mi41, Park Street, Salisbury, Wiltshire SP1 3AT3
£475K11/220.33 mi32, Riverbourne Road, Salisbury, Wiltshire SP1 1NS3
£321K06/210.33 mi50, Park Street, Salisbury, Wiltshire SP1 3AU3
£230.1K09/210.35 mi9, St Martins Church Street, Salisbury, Wiltshire SP1 2HY3
£370K09/210.35 mi21, Napier Crescent, Laverstock, Salisbury, Wiltshire SP1 1PJ3
£385K12/200.35 mi8, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF3
£321K12/210.35 mi15, Bower Gardens, Salisbury, Wiltshire SP1 2RL3
£296K02/210.35 mi17, Bower Gardens, Salisbury, Wiltshire SP1 2RL3
£397.4K10/210.35 mi29, Beechcroft Road, Laverstock, Salisbury, Wiltshire SP1 1PF3
£355K09/230.35 mi23, Beechcroft Road, Laverstock, Salisbury, Wiltshire SP1 1PF3
£318K11/220.36 mi86, Tollgate Road, Salisbury, Wiltshire SP1 2JJ3
£417.5K11/220.36 mi17, Riverbourne Road, Salisbury, Wiltshire SP1 1NU3
£510K12/220.36 mi2, Milford Park, Salisbury, Wiltshire SP1 2RZ3
£420K10/210.37 mi67, St Marks Road, Salisbury, Wiltshire SP1 3AY3
£567.8K11/200.37 mi75, St Marks Road, Salisbury, Wiltshire SP1 3AY3
£355K02/210.37 mi78, St Ann Street, Salisbury, Wiltshire SP1 2DX3
£320K12/200.37 mi2, William Close, Laverstock, Salisbury, Wiltshire SP1 1QQ3
£410K12/220.37 mi9, Glendale Crescent, Salisbury, Wiltshire SP1 1NT3
£450K11/220.38 mi4, William Close, Laverstock, Salisbury, Wiltshire SP1 1QQ3
£645K12/220.38 mi22, Riverbourne Road, Salisbury, Wiltshire SP1 1NS3
£555K07/230.38 mi40, Riverbourne Road, Salisbury, Wiltshire SP1 1NS3
£455K01/210.38 mi30, Riverbourne Road, Salisbury, Wiltshire SP1 1NS3
£339K02/230.4 mi56, St Marks Road, Salisbury, Wiltshire SP1 3AZ3
£385K11/210.4 mi5, Melvin Close, Laverstock, Salisbury, Wiltshire SP1 1PG3
£323K04/210.4 mi28, Melvin Close, Laverstock, Salisbury, Wiltshire SP1 1PG3
£435K06/230.4 mi6, Melvin Close, Laverstock, Salisbury, Wiltshire SP1 1PG3
£335K12/220.4 mi96, Gigant Street, Salisbury, Wiltshire SP1 2BQ3

Local Rents

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

RentDateDistanceAddressBeds 
£1,20009/240.16 mi-3
£1,20009/240.16 mi-3
£1,30009/240.36 miPennyfarthing Street, Salisbury, SP13
£1,25009/240.37 miSALISBURY - Atherton Court3
£1,35009/240.43 miSALISBURY - Wyndham Terrace3
£1,40009/240.48 miBelle Vue Road, Salisbury3
£1,29504/250.62 mi-3
£1,50009/240.71 miVictoria Road3
£1,40009/240.74 miSteynings House, Chapel Place, Salisbury, Wiltshire, SP23
£1,45009/240.75 miCastle Road, Salisbury3
£1,05001/240.79 mi-3
£79912/240.81 mi-3
£1,80001/240.85 mi-3
£1,30011/240.86 mi-3
£1,40010/230.91 mi-3
£1,40010/230.91 mi-3
£1,35003/250.99 mi-3
£1,35002/251 mi-3
£1,10009/241.01 miDevizes Road, Salisbury3
£1,55009/241.05 miMilton Road, SALISBURY3
£1,40009/241.1 miKingsland Road Salisbury SP23
£1,05010/231.17 mi-3
£1,02509/241.18 miHollows Close, Salisbury, Wiltshire, SP23
£1,30002/241.19 mi-3
£1,45010/241.24 mi-3
£1,45010/241.24 mi-3

Local Area Statistics

Population in SP1

21,621

Population in Salisbury

93,605

Town centre distance

0.83 miles away

Nearest school

0.10 miles away

Nearest train station

0.94 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+49%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £275,000

February 13, 2025

Floor Plans

Description

  • WATCH THE VIDEO TOUR +
  • Three Double Bedrooms +
  • Front and Rear Gardens +
  • En-Suite to the Principle Bedroom +
  • Pleasant Views to the Rear +
  • On Street Parking +
  • NO ONWARD CHAIN +
  • Council Tax Band C +

*WATCH THE VIDEO TOUR*

Welcome to Laverstock Road, this spacious three-bedroom semi-detached home in quiet residential location, situated on a quiet no-through road, just a short walk from the city centre. This home offers generous living space and is being sold with no onward chain. While well maintained, the property would benefit from modernisation, making it an excellent opportunity for buyers looking to add their own touch.

An iron garden gate leads to the well-kept front garden, with a variety of mature plants and shrubs. To the side, there is ample space for bin storage and other garden essentials. A UPVC front door opens into the entrance hall, providing access to the sitting room, with stairs rising to the first floor. The sitting room is a spacious and inviting area, featuring a large front-facing window. Built-in cupboards and shelving with recessed lighting add both character and practicality. A modern tall radiator provides warmth, and a useful under-stairs storage area maximises space. A door leads through to the kitchen.

The kitchen is fitted with matching wall and base units, offering good storage and workspace. There is space for a gas cooker, washing machine, and under-counter fridge and freezer. A large window overlooks the landscaped rear garden, while a door provides direct access outside. Another door leads to the ground-floor bathroom. The bathroom includes a bath with an electric shower, a wash hand basin, and a WC. A side-facing window ensures ventilation.

Upstairs, the landing provides access to all three bedrooms and includes a loft hatch. The principal bedroom is generously proportioned, with two front-facing windows, built in wardrobes, and shelving. A private en-suite adds further convenience, fitted with a WC, wash hand basin, and an extractor fan. The second bedroom offers a rear aspect with pleasant views, while the third bedroom, with dual-aspect windows to the side and rear, enjoys the same outlook.

The rear garden has been designed for low maintenance, featuring a patio area, ideal for outdoor dining. This property presents a fantastic opportunity for buyers looking for a well-located homewith scope for modernisation and personalisation.

Agent Details

Oliver Chandler, Salisbury

01722 548959

Next Steps?

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