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.

PriceDateDistanceAddressBeds 
£350K04/230.04 mi4, Malletts Close, East Knoyle, Salisbury, Wiltshire SP3 6AG3
£380K11/220.04 mi2, Malletts Close, East Knoyle, Salisbury, Wiltshire SP3 6AG3
£565K07/230.11 mi19, The Street, East Knoyle, Salisbury, Wiltshire SP3 6AL3
£450K11/220.15 miThe Bell House, Church Road, East Knoyle, Salisbury, Wiltshire SP3 6AE3
£570K02/210.21 miGreenwich Cottage, Hindon Road, East Knoyle, Salisbury, Wiltshire SP3 6AA3
£399.9K01/210.24 mi4, Old Mill Close, East Knoyle, Salisbury, Wiltshire SP3 6EX3
£290K02/230.24 miLilac Cottage, Shaftesbury Road, East Knoyle, Salisbury, Wiltshire SP3 6AR3
£470K11/220.27 miOrchard Bungalow, Leigh Lane, East Knoyle, Salisbury, Wiltshire SP3 6AP3
£347K11/220.73 miMeadside, Shaftesbury Road, East Knoyle, Salisbury, Wiltshire SP3 6AT3
£246K02/210.84 mi20, The Green, East Knoyle, Salisbury, Wiltshire SP3 6BN3
£470K01/211.18 mi122, Upton, East Knoyle, Salisbury, Wiltshire SP3 6BW3
£196K11/202.26 mi6, Kingsettle Estate, Semley, Shaftesbury, Wiltshire SP7 9AJ3
£485K12/222.3 miSirius, The Dene, Hindon, Salisbury, Wiltshire SP3 6EE3
£960K03/212.31 miLanglands, Hugglers Hole, Semley, Shaftesbury, Wiltshire SP7 9HG3
£460K04/232.39 miEllandee, High Street, Hindon, Salisbury, Wiltshire SP3 6DJ3
£350K01/212.39 miChurch Cottage, High Street, Hindon, Salisbury, Wiltshire SP3 6DJ3
£575K02/212.39 miProspect, High Street, Hindon, Salisbury, Wiltshire SP3 6DR3
£500K03/212.4 miCockerels, High Street, Hindon, Salisbury, Wiltshire SP3 6DR3
£500K12/202.4 miLower Cottage, High Street, Hindon, Salisbury, Wiltshire SP3 6DR3
£650K04/232.4 miPemberton, High Street, Hindon, Salisbury, Wiltshire SP3 6DR3
£438.9K06/212.42 mi89, High Street, Hindon, Salisbury, Wiltshire SP3 6DP3
£563K02/232.43 miDolphin House, High Street, Hindon, Salisbury, Wiltshire SP3 6DP3
£535K03/232.88 miCowridge Cottage, 76, North End, Motcombe, Shaftesbury, Dorset SP7 9HX3

Local Rents

7 rents from £875/mo to £4.5K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£4,50009/240.22 miEast Knoyle, Salisbury, Wiltshire, SP36
£3,10009/240.86 miMount Cottage3
£1,60002/241.55 mi-3
£87509/241.87 miSemley2
£95009/241.87 miSemley2
£90002/241.87 miWhitebridge Farm, Semley2
£1,79009/241.96 mi17 Pythouse, Newtown, Tisbury, Salisbury, Wiltshire SP3 6PA3

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

Description

  • Lovely Village House +
  • New Thatch +
  • Village Shop and Post Office +
  • Delightful Garden +
  • Lovely Walks from the door +

Unlisted and re-thatched in August 2024, Summerlea is a pretty brick and predominantly thatched cottage which has been extended to the rear with a colour washed brick elevations under a tiled roof. Although it is in need of some updating, it has sensibly configured accommodation with scope (subject to appropriate consents) to reconfigure. Options would include opening the hall/study into the dining room or alternatively the dining room into bedroom 4/study. On the first floor all the bedrooms are well proportioned doubles; the principle bedroom with an en-suite shower room, overlooks the pretty garden which lies to the rear of the cottage.

The property is approached off the lane onto a gravel drive which leads to the double garage with a gravelled forecourt. The majority of the garden lies to the rear and side of Summerlea and is well screened with tall hedging. Paving extends along the rear façade with steps leading to the garden which is principally to lawn flanked by well stocked flower and shrub borders. There is a Well, timber shed and greenhouse. The garden provides a delightful back drop to the cottage.

PROPERTY INFORMATION

Services: Mains water, electricity and drainage. Oil fired central heating.

Tenure and Possession: Freehold with vacant possession on completion.

Local Authorities: Wiltshire Council

Council Tax: Band F

EPC: Band (to be confirmed)

Summerlea is situated in East Knoyle, a popular and pretty village and birthplace of Sir Christopher Wren, which lies to the north of the Saxon market town of Shaftesbury. The Green, one of four hamlets within East Knoyle, has a popular pub, The Fox and Hounds; the village has a highly regarded village post office and shop, while Shaftesbury has a good range of facilities including supermarkets, cafes, restaurants, niche retailers, a boutique hotel, banks, a small hospital, a library, a health centre and an arts centre. In nearby Gillingham and Tisbury there are mainline railway stations (London Waterloo), while the former also has a good selection of supermarkets; there are a wider range of facilities in Bath and Salisbury. The A303 lies approximately three miles to the north giving access to the south west and London, via the M3.

Agent Details

Jackson-Stops, Shaftesbury

01747 449965

Next Steps?

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