3 Bed Bungalow, Refurb/BRRR, Salisbury, SP1 3QB, £275,000

Braemar Rise, Salisbury, SP1 3QB - 2 views - 2 months ago

Refurb/BRRR

~93 m²

ValuationUndervalued

Sold Prices	£220K - £520K
Sold Prices/m²	£2.9K/m² - £6K/m²

Square Metres	~93 m²
Price/m²	£3K/m²
Value Estimate	£283,250£283,250
BMV	3%

End Value (After Refurb)	£353,955£353,955
Uplift in Value	+29%+29%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£68,750£68,750
Stamp Duty & Legal Fees	£16,200£16,200
Refurb Costs	£37,702£37,702
Bridging Loan Interest	£7,219£7,219
Total Cash In	£131,620£131,620

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£353,955£353,955
Agent Fees (1%)	£3,540£3,540
Bridging Loan	£206,250£206,250
Bridging Loan Interest	£7,219£7,219
Flip Profit	£12,545£12,545

Local Sold Prices

50 sold prices from £220K to £520K, average is £350K. £2.9K/m² to £6K/m², average is £3.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£330K	06/21	0.08 mi	25, Downsway, Salisbury, Wiltshire SP1 3QL	-	-	3	Semi-Detached House
£285K	12/20	0.08 mi	39, Downsway, Salisbury, Wiltshire SP1 3QL	£3,750	76	3	Detached House
£430K	09/23	0.08 mi	59, Sunnyhill Road, Salisbury, Wiltshire SP1 3QJ	£5,972	72	3	Detached House
£390K	11/21	0.08 mi	54, Sunnyhill Road, Salisbury, Wiltshire SP1 3QJ	-	-	3	Detached House
£326K	05/21	0.11 mi	58, Downsway, Salisbury, Wiltshire SP1 3QW	-	-	3	Detached House
£362.5K	01/23	0.12 mi	60, Downsway, Salisbury, Wiltshire SP1 3QW	-	-	3	Detached House
£360K	10/22	0.13 mi	86, Downsway, Salisbury, Wiltshire SP1 3QW	-	-	3	Detached House
£500K	12/22	0.13 mi	58, Thistlebarrow Road, Salisbury, Wiltshire SP1 3RS	£4,425	113	3	Detached House
£470K	07/23	0.15 mi	6, Sunnyhill Road, Salisbury, Wiltshire SP1 3QH	£4,519	104	3	Detached House
£433.5K	02/23	0.15 mi	19, Sunnyhill Road, Salisbury, Wiltshire SP1 3QH	£4,335	100	3	Semi-Detached House
£460K	11/20	0.16 mi	44, Thistlebarrow Road, Salisbury, Wiltshire SP1 3RT	£3,194	144	3	Semi-Detached House
£350K	01/21	0.16 mi	17, Thistlebarrow Road, Salisbury, Wiltshire SP1 3RT	£4,375	80	3	Semi-Detached House
£425K	03/21	0.17 mi	37, St Francis Road, Salisbury, Wiltshire SP1 3QP	£4,048	105	3	Semi-Detached House
£415K	05/23	0.17 mi	25, St Francis Road, Salisbury, Wiltshire SP1 3QP	£4,192	99	3	Semi-Detached House
£400K	11/22	0.18 mi	23, Pauls Dene Crescent, Salisbury, Wiltshire SP1 3QU	-	-	3	Semi-Detached House
£328K	11/20	0.18 mi	14, Pauls Dene Crescent, Salisbury, Wiltshire SP1 3QU	£3,382	97	3	Semi-Detached House
£369K	03/21	0.19 mi	7, Balmoral Road, Salisbury, Wiltshire SP1 3PU	-	-	3	Semi-Detached House
£387K	10/22	0.21 mi	14, Assisi Road, Salisbury, Wiltshire SP1 3QZ	£3,870	100	3	Semi-Detached House
£445K	11/22	0.21 mi	34, Beatrice Road, Salisbury, Wiltshire SP1 3PW	£4,224	105	3	Semi-Detached House
£350K	06/21	0.22 mi	43, Pauls Dene Crescent, Salisbury, Wiltshire SP1 3QX	£4,268	82	3	Semi-Detached House
£318K	03/21	0.22 mi	28, Pauls Dene Crescent, Salisbury, Wiltshire SP1 3QX	-	-	3	Semi-Detached House
£496K	03/21	0.24 mi	2, Feversham Road, Salisbury, Wiltshire SP1 3PP	-	-	3	Detached House
£330K	06/21	0.25 mi	80, Castle Road, Salisbury, Wiltshire SP1 3RX	£3,028	109	3	Semi-Detached House
£285K	10/20	0.27 mi	135, Castle Road, Salisbury, Wiltshire SP1 3RR	£2,879	99	3	Semi-Detached House
£352K	11/21	0.29 mi	237, Castle Road, Salisbury, Wiltshire SP1 3RY	-	-	3	Semi-Detached House
£338K	01/21	0.3 mi	22, Anderson Road, Salisbury, Wiltshire SP1 3DX	£3,809	89	3	Detached House
£412.5K	02/23	0.3 mi	239, Castle Road, Salisbury, Wiltshire SP1 3RY	-	-	3	Semi-Detached House
£270K	04/21	0.31 mi	34, Bishopdown Road, Salisbury, Wiltshire SP1 3DR	£3,229	84	3	Semi-Detached House
£305K	03/21	0.33 mi	19, Queensberry Road, Salisbury, Wiltshire SP1 3PH	-	-	3	Semi-Detached House
£260K	08/21	0.34 mi	43, Denison Rise, Salisbury, Wiltshire SP1 3EW	£3,467	75	3	Terraced House
£242.5K	02/23	0.34 mi	67, Denison Rise, Salisbury, Wiltshire SP1 3EW	-	-	3	Terraced House
£399.9K	04/21	0.34 mi	15, Dorset Road, Salisbury, Wiltshire SP1 3BP	£3,846	104	3	Semi-Detached House
£361.5K	09/21	0.35 mi	42, Queensberry Road, Salisbury, Wiltshire SP1 3PJ	£3,476	104	3	Semi-Detached House
£350K	12/20	0.35 mi	42, Queensberry Road, Salisbury, Wiltshire SP1 3PJ	£3,365	104	3	Semi-Detached House
£390K	04/21	0.35 mi	156, Castle Road, Salisbury, Wiltshire SP1 3SA	£3,980	98	3	Terraced House
£280K	06/21	0.37 mi	8, Bingham Road, Salisbury, Wiltshire SP1 3DY	-	-	3	Detached House
£450K	06/21	0.37 mi	49, Hilltop Way, Salisbury, Wiltshire SP1 3QY	-	-	3	Detached House
£515K	11/22	0.37 mi	49, Hilltop Way, Salisbury, Wiltshire SP1 3QY	-	-	3	Detached House
£477.5K	06/21	0.38 mi	41, Cornwall Road, Salisbury, Wiltshire SP1 3NH	£4,081	117	3	Detached House
£286K	07/23	0.38 mi	2, Waters Road, Salisbury, Wiltshire SP1 3NX	-	-	3	Semi-Detached House
£245K	04/21	0.39 mi	54, Fairfield Road, Salisbury, Wiltshire SP1 3PB	£3,101	79	3	Semi-Detached House
£245K	04/21	0.39 mi	54, Fairfield Road, Salisbury, Wiltshire SP1 3PB	£3,101	79	3	Semi-Detached House
£225K	07/23	0.39 mi	30, Fairfield Road, Salisbury, Wiltshire SP1 3PB	-	-	3	Semi-Detached House
£315K	07/23	0.39 mi	12, The Oakbournes, Bishopdown, Salisbury, Wiltshire SP1 3FZ	£5,081	62	3	Semi-Detached House
£260K	04/21	0.39 mi	15, Linkway, Bishopdown, Salisbury, Wiltshire SP1 3EP	£3,655	71	3	Semi-Detached House
£245K	10/21	0.4 mi	15, Burgess Green, Salisbury, Wiltshire SP1 3EL	£3,182	77	3	Terraced House
£264K	10/21	0.4 mi	9, Waters Road, Salisbury, Wiltshire SP1 3NT	£3,673	72	3	Semi-Detached House
£220K	03/23	0.42 mi	35, Fairfield Road, Salisbury, Wiltshire SP1 3NY	£3,188	69	3	Semi-Detached House
£235K	03/23	0.42 mi	67, Fairfield Road, Salisbury, Wiltshire SP1 3NY	-	-	3	Semi-Detached House
£520K	02/21	0.43 mi	37, Somerset Road, Salisbury, Wiltshire SP1 3BN	£4,602	113	3	Detached House

Local Rents

22 rents from £799/mo to £1.8K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£799	12/24	0.52 mi	-	3	Detached House
£1,480	07/24	0.55 mi	-	3	Detached House
£1,450	09/24	0.6 mi	Castle Road, Salisbury	3	Detached House
£1,500	09/24	0.6 mi	Victoria Road	3	Detached House
£1,050	10/23	0.64 mi	-	3	Semi-Detached House
£1,300	02/24	0.72 mi	-	3	Terraced House
£1,250	09/24	0.72 mi	SALISBURY - Atherton Court	3	Flat
£1,295	04/25	0.73 mi	-	3	Flat
£1,350	09/24	0.76 mi	SALISBURY - Wyndham Terrace	3	Flat
£1,400	09/24	0.9 mi	Belle Vue Road, Salisbury	3	Terraced House
£1,300	11/24	0.94 mi	-	3	Terraced House
£1,400	09/24	0.96 mi	Kingsland Road Salisbury SP2	3	Terraced House
£1,200	09/24	0.99 mi	-	3	Terraced House
£1,200	09/24	0.99 mi	-	3	Terraced House
£1,350	02/25	0.99 mi	-	3	Terraced House
£1,100	09/24	1.03 mi	Devizes Road, Salisbury	3	Terraced House
£1,700	09/24	1.09 mi	Devizes Road, Salisbury	3	Detached House
£1,350	04/25	1.09 mi	-	3	Flat
£1,400	09/24	1.12 mi	Steynings House, Chapel Place, Salisbury, Wiltshire, SP2	3	Flat
£1,300	09/24	1.15 mi	Pennyfarthing Street, Salisbury, SP1	3	Terraced House
£1,050	01/24	1.17 mi	-	3	Terraced House
£1,800	01/24	1.18 mi	-	3	Semi-Detached House

Local Area Statistics

Population in SP1	21,62121,621
Population in Salisbury	93,60593,605
Town centre distance	1.30 miles away1.30 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.21 miles away1.21 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+49%+49%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+9%+9%

Property History

Listed for £275,000

February 25, 2025

Floor Plans

Description

THREE BEDROOM DETACHED BUNGALOW +
DETACHED GARAGE +
IN NEED OF REFURBISHMENT +
CORNER PLOT POSITION +
NO CHAIN +

The property is a detached three bedroom bungalow which is in need of updating and is offered to the market with no onward chain. The accommodation comprises an entrance lobby and hallway, a sitting room with an aspect over the rear garden and a generous size kitchen/breakfast room. The property enjoys a corner plot position with generous size front, side and rear gardens along with a detached garage with driveway parking in front. Breamar Rise lies upon the popular Pauls Dene Estate which has a regular bus service to the city centre which lies approximately 1.5 miles away. There is also a useful convenience store on the nearby Castle Road. Further nearby amenities include a girls' grammar school and a popular primary school (St Marks). Salisbury itself has an excellent range of amenities including a mainline railway station serving London Waterloo.

EPC Rating: E

Agent Details

Carter & May, Salisbury

01722 548831

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC

3 Bed House, Refurb/BRRR, Salisbury, SP1 3QW

£315,000

7 months ago • 84 m²

4 Bed House, Refurb/BRRR, Salisbury, SP1 3BZ

£825,000

a month ago • 129 m²