3 Bed Detached House, Refurb/BRRR, Salisbury, SP3 6AJ, £650,000
The Street, East Knoyle, Salisbury, Wiltshire, SP3 6AJ - 2 months ago
Sold STC
Refurb/BRRR
~93 m²





+9 photos
ValuationOvervalued
Sold Prices | £196K - £960K |
Sold Prices/m² | £2.3K/m² - £5.1K/m² |
| |
Square Metres | ~93 m² |
Price/m² | £7K/m² |
Value Estimate | £297,500 |
| |
End Value (After Refurb) | £570,000 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £162,500 |
Stamp Duty & Legal Fees | £40,700 |
Refurb Costs | £37,702 |
Bridging Loan Interest | £17,063 |
Total Cash In | £259,714 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £570,000 |
Mortgage (After Refinance) | £427,500 |
Mortgage LTV | 75% |
Cash Left In | £259,714 |
Equity | £142,500 |
Rent Range | £875 - £4,500 |
Rent Estimate | £1,959 |
Running Costs/mo | £2,193 |
Cashflow/mo | £-234 |
Cashflow/yr | £-2,809 |
Gross Yield | 4% |
Local Sold Prices
23 sold prices from £196K to £960K, average is £470K. £2.3K/m² to £5.1K/m², average is £3.8K/m².
Local Rents
7 rents from £875/mo to £4.5K/mo, average is £1.6K/mo.
Local Area Statistics
Population in SP3 | 11,309 |
Population in Salisbury | 93,605 |
Town centre distance | 15.99 miles away |
Nearest school | 2.30 miles away |
Nearest train station | 4.07 miles away |
| |
Rental growth (12m) | +19% |
Sales demand | Balanced market |
Capital growth (5yrs) | +18% |
Property History
Listed for £650,000
February 14, 2025
Floor Plans
