2 Bed Bungalow, Refurb/BRRR, Salisbury, SP2 8DY, £285,000





ValuationOvervalued
Sold Prices | £150K - £392.5K |
Sold Prices/m² | £2.6K/m² - £5.9K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £4.2K/m² |
Value Estimate | £275,740 |
| |
End Value (After Refurb) | £260,831 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £71,250 |
Stamp Duty & Legal Fees | £17,200 |
Refurb Costs | £27,830 |
Bridging Loan Interest | £7,481 |
Total Cash In | £125,512 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £260,831 |
Mortgage (After Refinance) | £195,623 |
Mortgage LTV | 75% |
Cash Left In | £125,512 |
Equity | £65,208 |
Rent Range | £800 - £1,850 |
Rent Estimate | £1,150 |
Running Costs/mo | £1,065 |
Cashflow/mo | £85 |
Cashflow/yr | £1,019 |
ROI | 1% |
Gross Yield | 5% |
Local Sold Prices
31 sold prices from £150K to £392.5K, average is £239.9K. £2.6K/m² to £5.9K/m², average is £4K/m².
Local Rents
29 rents from £800/mo to £1.9K/mo, average is £1.1K/mo.
Local Area Statistics
Population in SP2 | 28,823 |
Population in Salisbury | 93,605 |
Town centre distance | 0.83 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 0.99 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +11% |
Sales demand | Seller's market |
Capital growth (5yrs) | +18% |
Property History
Listed for £285,000
March 4, 2025
Floor Plans

Description
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