2 Bed Flat, Single Let, Salisbury, SP1 3EZ, £140,000

The Brambles, SALISBURY, SP1 3EZ - 2 views - a month ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£110K - £425K
Sold Prices/m²£2K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£172,200
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£800 - £1,600

Rent Estimate

£819

Running Costs/mo

£621

Cashflow/mo

£198

Cashflow/yr

£2,372

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £110K to £425K, average is £183.8K. £2K/m² to £4K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£149.9K06/210 mi30, The Brambles, Salisbury, Wiltshire SP1 3EZ2
£150K09/210 mi27, The Brambles, Salisbury, Wiltshire SP1 3EZ2
£127.5K02/210.07 mi8, The Brambles, Salisbury, Wiltshire SP1 3EY2
£148K10/210.48 miFlat 1, Elm Court, Elm Grove Road, Salisbury, Wiltshire SP1 1JN2
£176K10/200.54 mi29, Blyth Way, Salisbury, Wiltshire SP1 3HU2
£184.5K01/230.56 mi6 Pilgrims Gate, Pilgrims Way, Laverstock, Salisbury, Wiltshire SP1 1AF2
£205K01/230.56 mi8 Pilgrims Gate, Pilgrims Way, Laverstock, Salisbury, Wiltshire SP1 1AF2
£210K03/210.56 miGround Floor Flat, 30, Victoria Road, Salisbury, Wiltshire SP1 3NG2
£153.5K11/210.57 mi45, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF2
£180K06/210.57 mi41, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF2
£400K06/230.57 miApartment 4, Century House, Endless Street, Salisbury, Wiltshire SP1 3UH2
£290K01/210.57 miApartment 2, Century House, Endless Street, Salisbury, Wiltshire SP1 3UH2
£110K07/210.57 miFlat 3, Pilgrims House, Pilgrims Way, Laverstock, Salisbury, Wiltshire SP1 1RZ2
£175K12/220.58 miFlat 3, Three Cuppes House, St Edmunds Church Street, Salisbury, Wiltshire SP1 1EF2
£185K11/220.59 mi1, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£204K12/220.6 mi17, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£160K04/210.6 mi8, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£245K03/210.61 miFlat 1, Highmount, Shady Bower, Salisbury, Wiltshire SP1 2RE2
£120K04/230.61 mi71, Archers Court, Salisbury, Wiltshire SP1 3WE2
£210K11/200.61 mi34, Archers Court, Salisbury, Wiltshire SP1 3WE2
£185K04/230.61 mi52, Archers Court, Salisbury, Wiltshire SP1 3WE2
£175K04/230.61 mi63, Archers Court, Salisbury, Wiltshire SP1 3WE2
£190K02/230.61 mi15, Archers Court, Salisbury, Wiltshire SP1 3WE2
£199.9K07/230.61 mi32, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£198K06/210.61 mi38, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£183K07/230.61 mi31, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£185K06/230.61 mi39, Three Cuppes Lane, Salisbury, Wiltshire SP1 1ER2
£170K01/210.62 mi55, Bishopdown Road, Salisbury, Wiltshire SP1 3EE2
£185K08/210.62 mi3, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£185K06/230.62 mi20, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£195K04/230.62 mi28, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£176K06/210.62 mi25, Shady Bower Close, Salisbury, Wiltshire SP1 2RQ2
£178.5K01/230.64 mi24, Methuen Drive, Salisbury, Wiltshire SP1 2QH2
£215K10/230.68 mi24, Hoadley Green, Salisbury, Wiltshire SP1 3HS2
£215K10/230.71 mi17, Jewell Close, Salisbury, Wiltshire SP1 3HR2
£185K01/210.71 mi45, Braemar Rise, Salisbury, Wiltshire SP1 3QD2
£238K11/220.72 mi39, Braemar Rise, Salisbury, Wiltshire SP1 3QD2
£179K03/210.73 miFlat 7, Valentine Court, Spire View, Salisbury, Wiltshire SP2 7GP2
£151.5K06/210.77 mi71, Catherine Street, Salisbury, Wiltshire SP1 2DH2
£198K12/200.78 miFlat 14, Bartholomew Court, Spire View, Salisbury, Wiltshire SP2 7GB2
£171K01/210.8 mi12, Avon Place, Salisbury, Wiltshire SP1 2ET2
£180K02/230.8 mi7, Avon Place, Salisbury, Wiltshire SP1 2ET2
£425K02/230.82 mi56, Park Lane, Salisbury, Wiltshire SP1 3NP2
£187.5K04/210.83 miFlat 4, Francis Court, Spire View, Salisbury, Wiltshire SP2 7GE2
£160K03/210.83 miFlat 9, Francis Court, Spire View, Salisbury, Wiltshire SP2 7GE2
£170K07/210.83 mi22, St Ann Place, Salisbury, Wiltshire SP1 2SU2
£135K01/210.83 mi42, St Ann Place, Salisbury, Wiltshire SP1 2SU2
£172K11/200.83 mi40, St Ann Place, Salisbury, Wiltshire SP1 2SU2
£178.9K02/210.86 miFlat 2, Bartholomew Court, Spire View, Salisbury, Wiltshire SP2 7GB2
£190K01/230.86 miFlat 1, Bartholomew Court, Spire View, Salisbury, Wiltshire SP2 7GB2

Local Rents

34 rents from £800/mo to £1.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£99509/240.24 miEstcourt Road, Salisbury2
£1,20009/240.29 miPark Street, Salisbury2
£1,20009/240.48 miElm Grove Road, Salisbury, Wiltshire2
£82509/240.58 miSALISBURY - Milford Hill2
£1,15001/250.64 mi-2
£1,60009/240.65 miEndless Street Salisbury SP12
£1,60009/240.76 mi-2
£95009/240.8 miSalisbury2
£1,05009/240.82 miStratford Road, Salisbury2
£99509/240.83 miFrancis Court, Spire View2
£1,40009/240.83 miNew Street, Salisbury2
£87509/240.86 miGeorge Street, Salisbury, Wiltshire2
£1,10009/240.87 miGeorge Street, Salisbury2
£1,20009/240.9 miFisherton Street, Salisbury 2
£1,40012/230.9 mi-2
£1,40012/230.9 mi-2
£95009/240.9 miMeadow Road, Salisbury, SP22
£89509/240.93 mi-2
£1,00009/240.94 miSidney Street, Salisbury2
£80003/250.97 mi-2
£1,10009/240.98 miSALISBURY - Ashley Road2
£1,30010/240.98 mi-2
£1,00009/241.02 miLindford Road, Bishopdown, SALISBURY2
£1,25003/251.03 mi-2
£82507/241.06 mi-2
£1,10009/241.1 miChurchfields Road, SALISBURY2
£1,25004/251.11 mi-2
£1,20009/241.12 miHowes Crescent, Bishopdown, SALISBURY2
£1,05012/231.13 mi-2
£1,00009/241.19 miSalisbury2
£99511/241.19 mi-2
£99509/241.21 mi-2
£1,10009/241.22 miChurchfields Road, Salisbury2
£1,00002/241.23 mi-2

Local Area Statistics

Population in SP1

21,621

Population in Salisbury

93,605

Town centre distance

1.01 miles away

Nearest school

0.10 miles away

Nearest train station

1.05 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+49%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £140,000

February 27, 2025

Floor Plans

Description

  • Second Floor Flat +
  • Two Bedrooms +
  • Lounge Diner +
  • Communal Garden +
  • No Onward Chain +
  • Near to the City Centre. +

SUMMARY
This flat has a lounge diner, kitchen, 2 bedrooms and a bathroom plus an outside storage building, communal gardens and on street parking and is just over a mile from the city . This property benefits from having no onward chain and will be of interest to first time buyers and investors.

DESCRIPTION
Offering to the market this second floor flat in The Brambles, Salisbury. This spacious flat has a lounge diner, kitchen, two bedrooms and a bathroom .There is also an outside storage building, communal gardens and on street parking. This property benefits from having no onward chain and will be of interest to first time buyers and investors.

The Brambles is situated just over a mile from the city centre is is served by regular bus service. Salisbury offers a range of entertainment, shopping and cultural facilities including two cinemas, a theatre and numerous bars and restaurants. There is a twice weekly Charter market in the city centre market square. Salisbury rail station has direct services to London Waterloo, Southampton and the West Country.

Entrance Hall 
Doors to kitchen and lounge diner, airing cupboard. Loft access

Kitchen 9' x 8' 4" ( 2.74m x 2.54m )
Comprising wall and base units with work surfaces above. spaces for appliances, stainless steel sink drainer .Window rear aspect.

Lounge Diner 14' 11" x 14' 9" ( 4.55m x 4.50m )
Fireplace feature, window front aspect, door to inner hall.

Inner Hall 
Doors to lounge diner, bedrooms and bathroom

Bedroom One 12' 3" x 11' 5" ( 3.73m x 3.48m )
Built in wardrobes, storage cupboard. Window front aspect.

Bedroom Two 9' 2" x 12' 1" ( 2.79m x 3.68m )
Window rear aspect.

Bathroom 
Comprising of panel enclose bath with shower above, pedestal wash hand basin, WC. Heated towel radiator, window rear aspect.

Outside 

Outbuilding 
Brick outbuilding storage. Measuring 5.7sq meters.

Garden 
Small area of private garden.

Parking 
On street parking

Communal Garden 
Communal grassed area with picnic benches

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Salisbury

01722 548988

Next Steps?

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