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

Bouverie Close, Salisbury ***VIDEO TOUR***, SP2 8DY - a month ago

Sold STC
Refurb/BRRR
ROI: 1%
~68 m²
+7 photos

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.

PriceDateDistanceAddressBeds 
£239.9K02/210.23 mi25, Wilman Way, Salisbury, Wiltshire SP2 8QS2
£220K04/210.23 mi42, Swallowmead, Salisbury, Wiltshire SP2 8JD2
£186.5K05/210.27 mi32, Martins Close, Salisbury, Wiltshire SP2 8JF2
£202.5K10/210.32 mi161, Harnham Road, Salisbury, Wiltshire SP2 8JY2
£210K06/230.32 mi151, Harnham Road, Salisbury, Wiltshire SP2 8JY2
£220K12/220.34 mi31, St Andrews Road, Salisbury, Wiltshire SP2 9NT2
£176.3K02/210.37 mi14, Bouchers Way, Salisbury, Wiltshire SP2 8RW2
£260K05/230.37 mi37, Bouchers Way, Harnham, Salisbury, Wiltshire SP2 8RW2
£228.3K11/210.37 mi33, Bouchers Way, Salisbury, Wiltshire SP2 8RW2
£229.9K01/210.41 mi37, Harnham Road, Salisbury, Wiltshire SP2 8JG2
£285K01/230.43 mi11, Senior Drive, Salisbury, Wiltshire SP2 8QB2
£260K04/230.57 mi35, Ancient Way, Salisbury, Wiltshire SP2 8TE2
£270K08/230.57 mi29, Ancient Way, Salisbury, Wiltshire SP2 8TE2
£254K03/230.57 mi37, Ancient Way, Salisbury, Wiltshire SP2 8TE2
£266K07/230.69 mi6, Rowbarrow Lane, Salisbury, Wiltshire SP2 8BY2
£390K03/230.7 mi3, Tylers Close, West Harnham, Salisbury, Wiltshire SP2 8PQ2
£243K04/210.7 mi2, Bridgewater Close, Salisbury, Wiltshire SP2 8JS2
£202.5K05/210.73 miOrchard Cottage, Friary Lane, Salisbury, Wiltshire SP1 2HA2
£227.5K03/210.73 mi30, Friary Lane, Salisbury, Wiltshire SP1 2HA2
£256K11/210.82 mi12, St Ann Street, Salisbury, Wiltshire SP1 2DN2
£220K06/210.85 mi3, Greens Court, Salisbury, Wiltshire SP1 2SX2
£150K06/230.86 mi46, St Ann Place, Salisbury, Wiltshire SP1 2SU2
£222K07/230.91 mi131, Love Lane, Salisbury, Wiltshire SP1 2BG2
£222K07/230.91 mi131, Love Lane, Salisbury, Wiltshire SP1 2BG2
£271K04/230.92 mi7, South Street, Salisbury, Wiltshire SP2 7SE2
£392.5K02/210.93 mi76, St Ann Street, Salisbury, Wiltshire SP1 2DX2
£265K08/210.93 mi15, South Street, Salisbury, Wiltshire SP2 7SE2
£325K01/230.93 mi14, Water Lane, Salisbury, Wiltshire SP2 7TE2
£245K06/210.93 mi14, Water Lane, Salisbury, Wiltshire SP2 7TE2
£227.5K01/210.96 mi14, Dews Road, Salisbury, Wiltshire SP2 7SN2
£279.9K01/211 mi6, Marina Road, Salisbury, Wiltshire SP1 2JN2

Local Rents

29 rents from £800/mo to £1.9K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,85002/240.28 mi-2
£95002/240.43 mi-2
£1,30005/240.46 mi-2
£1,10012/240.54 mi-2
£1,40009/240.85 miNew Street, Salisbury2
£1,60009/240.9 mi-2
£1,10009/240.94 miChurchfields Road, SALISBURY2
£1,00009/240.95 miSalisbury2
£80003/250.97 mi-2
£1,20009/240.98 miFisherton Street, Salisbury 2
£1,40012/231.02 mi-2
£1,40012/231.02 mi-2
£1,10009/241.02 miChurchfields Road, Salisbury2
£1,60009/241.05 miEndless Street Salisbury SP12
£1,15001/251.05 mi-2
£82509/241.11 miSALISBURY - Milford Hill2
£99509/241.12 miFrancis Court, Spire View2
£1,30010/241.15 mi-2
£1,25004/251.15 mi-2
£95009/241.15 miSalisbury2
£1,10009/241.18 miGeorge Street, Salisbury2
£1,20009/241.19 miElm Grove Road, Salisbury, Wiltshire2
£87509/241.2 miGeorge Street, Salisbury, Wiltshire2
£1,05002/251.2 mi-2
£1,00009/241.2 miSidney Street, Salisbury2
£89509/241.21 mi-2
£95009/241.22 miMeadow Road, Salisbury, SP22
£1,20009/241.24 miNursery Road, Salisbury2
£1,20009/241.24 miNursery Road, Salisbury2

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

  • WATCH THE VIDEO TOUR +
  • No Onward Chain +
  • Two-Bedroom Semi-Detached Bungalow +
  • Driveway & Garage +
  • Popular Residential Area +
  • Scope to Improve +
  • Low-Maintence Rear Garden +
  • Council Tax Band D +

*WATCH THE VIDEO TOUR*

Welcome to Bouverie Close, just off Bouverie Avenue South, this two-bedroom semi detached bungalow offers a fantastic opportunity for those looking to modernise and personalise their next home. Situated in a quiet cul-de-sac, the property is now vacant and ready for its next owner to enhance its potential.

Upon entering the property, an entrance hall provides access to all principal rooms. A large airing cupboard, currently housing the hot water tank, offers additional storage. The open plan living and dining room is generously proportioned, benefiting from an abundance of natural light through a large, double-glazed window. Sliding patio doors lead directly to the rear garden, seamlessly blending indoor and outdoor living. This versatile space provides ample room for both relaxation and dining, making it ideal for entertaining or quiet evenings at home.

The kitchen, located at the front of the property, offers a well-proportioned layout with cabinetry and worktops. There is ample space for freestanding appliances, including a cooker, fridge/freezer, and washing machine. With its practical design, this space presents an excellent opportunity for modernisation to suit individual tastes.

Both bedrooms are well-sized, with the principal bedroom positioned at the rear of the property, enjoying tranquil views over the garden. The second bedroom offers flexibility as a guest room, home office, or study.

The bathroom, accessible from the entrance hall, is fitted bath with an overhead electric shower, a ceramic pedestal hand wash basin, and a low-level WC. Tiled splashbacks complete the space.

To the front of the property, a low-maintenance lawn with a flower border enhances the Bungalows kerb appeal. Off-road parking is available for one vehicle in front of the garage, providing convenient access. The generous 19ft; garage, benefits from electricity and plumbing, a great space for a workshop or additional storage. The rear garden enjoys a desirable southerly aspect, ensuring plenty of natural sunlight throughout the day. Enclosed by mature trees, the garden offers privacy and a peaceful retreat. An initial patio area provides the perfect setting for outdoor dining or relaxation, leading to a raised lawn. With a variety of potential landscaping opportunities, the garden is well-suited for those looking to create their own outdoor haven.

The bungalow is offered with no onward chain, providing a smooth transition for prospective buyers. With its quiet and convenient location, well-balanced accommodation, and excellent potential for improvement, this delightful bungalow presents an exciting opportunity for those seeking a home to update and make their own.

Agent Details

Oliver Chandler, Salisbury

01722 548959

Next Steps?

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