2 Bed Terraced House, Refurb/BRRR, Salisbury, SP2 7JR, £225,000

Gramshaw Road, Salisbury, SP2 7JR - a month ago

Refurb/BRRR
ROI: 1%
~68 m²
+3 photos

ValuationOvervalued

Sold Prices£156K - £357.5K
Sold Prices/m²£2.1K/m² - £6.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.3K/m²

Value Estimate

£219,679

 

 

End Value (After Refurb)

£219,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£12,450

Refurb Costs

£27,830

Bridging Loan Interest

£5,906

Total Cash In

£104,187

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£219,250

Mortgage (After Refinance)

£164,438

Mortgage LTV

75%

Cash Left In

£104,187

Equity

£54,813

Rent Range

£750 - £1,300

Rent Estimate

£1,039

Running Costs/mo

£913

Cashflow/mo

£126

Cashflow/yr

£1,513

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £156K to £357.5K, average is £226.5K. £2.1K/m² to £6.2K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£220K05/210.08 mi9, Orchard Road, Salisbury, Wiltshire SP2 7JE2
£194K02/210.09 mi3, Cecil Terrace, Salisbury, Wiltshire SP2 9ND2
£202.5K01/210.1 mi221, Wilton Road, Salisbury, Wiltshire SP2 7JY2
£357.5K03/230.1 mi50, Lower Road, Salisbury, Wiltshire SP2 9NQ2
£195K03/210.13 mi130, Wilton Road, Salisbury, Wiltshire SP2 7LA2
£273.6K06/210.15 mi22, St Andrews Road, Salisbury, Wiltshire SP2 9NU2
£275K03/210.17 mi15, Gorringe Road, Salisbury, Wiltshire SP2 7HZ2
£240K03/210.17 mi11a, Gorringe Road, Salisbury, Wiltshire SP2 7HZ2
£225K06/210.18 mi40, Gorringe Road, Salisbury, Wiltshire SP2 7JA2
£200K12/200.19 mi17, Montgomery Gardens, Salisbury, Wiltshire SP2 7UG2
£240K03/230.2 mi32, Nursery Road, Salisbury, Wiltshire SP2 7HX2
£205K02/210.22 mi29, Church Lane, Salisbury, Wiltshire SP2 9NR2
£232K02/210.31 mi14, Ashfield Road, Salisbury, Wiltshire SP2 7EW2
£304K08/210.34 mi2a, Queen Alexandra Road, Salisbury, Wiltshire SP2 9LN2
£162.3K12/200.39 mi5, Crown Close, Salisbury, Wiltshire SP2 9BS2
£182.5K04/210.41 mi292, Devizes Road, Salisbury, Wiltshire SP2 7NB2
£217K07/210.42 mi18, Russell Road, Salisbury, Wiltshire SP2 7LR2
£185.3K05/210.42 mi70, Russell Road, Salisbury, Wiltshire SP2 7LR2
£190K08/210.43 mi60, Sarum Close, Salisbury, Wiltshire SP2 7LF2
£235K03/230.43 mi59, Sarum Close, Salisbury, Wiltshire SP2 7LF2
£243K02/230.43 mi57, Sarum Close, Salisbury, Wiltshire SP2 7LF2
£265K01/230.45 mi113, Devizes Road, Salisbury, Wiltshire SP2 7LS2
£225.5K11/210.45 mi149, Devizes Road, Salisbury, Wiltshire SP2 7LS2
£180K10/200.49 mi18, Tournament Road, Salisbury, Wiltshire SP2 9LG2
£260K05/230.5 mi21, Tournament Road, Salisbury, Wiltshire SP2 9LQ2
£197.5K07/210.5 mi34, Herbert Road, Salisbury, Wiltshire SP2 9LF2
£235K07/210.54 mi36, Queen Mary Road, Salisbury, Wiltshire SP2 9LD2
£280K08/230.58 mi25, Ashley Road, Salisbury, Wiltshire SP2 7BZ2
£220K05/210.59 mi48, Devizes Road, Salisbury, Wiltshire SP2 7AD2
£240K03/210.59 mi19, Kingsland Road, Salisbury, Wiltshire SP2 7DQ2
£256K12/220.61 mi8, Windsor Road, Salisbury, Wiltshire SP2 7DX2
£246K10/200.61 mi28, Clifton Road, Salisbury, Wiltshire SP2 7BS2
£156K03/230.63 mi95, Pullman Drive, Salisbury, Wiltshire SP2 9DN2
£189.9K09/210.64 mi2, Gas Lane, Salisbury, Wiltshire SP2 7AN2
£220K03/230.64 mi3, Gas Lane, Salisbury, Wiltshire SP2 7AN2
£158.5K04/210.64 mi51, Glyndebourne Close, Salisbury, Wiltshire SP2 9HA2
£157K04/230.64 mi55, Glyndebourne Close, Salisbury, Wiltshire SP2 9HA2
£215K04/230.65 mi4, Charles Street, Salisbury, Wiltshire SP2 7AW2
£270K02/230.66 mi25, Sidney Street, Salisbury, Wiltshire SP2 7AJ2
£222.5K01/210.67 mi4, James Street, Salisbury, Wiltshire SP2 7AL2
£280K06/230.67 mi37, Ashley Road, Salisbury, Wiltshire SP2 7DD2
£230K01/230.69 mi16b, Stanley Little Road, Salisbury, Wiltshire SP2 9DT2
£195K05/210.69 mi24b, Stanley Little Road, Salisbury, Wiltshire SP2 9DT2
£275K02/230.71 mi20, George Street, Salisbury, Wiltshire SP2 7BA2
£215K10/200.71 mi14, George Street, Salisbury, Wiltshire SP2 7BA2
£240K05/230.73 mi52, York Road, Salisbury, Wiltshire SP2 7AT2
£250K09/210.73 mi6, St Pauls Road, Salisbury, Wiltshire SP2 7AG2
£250K12/200.76 mi30, St Pauls Road, Salisbury, Wiltshire SP2 7BH2
£227.5K01/210.76 mi14, Dews Road, Salisbury, Wiltshire SP2 7SN2
£248K04/230.77 mi4, Middleton Road, Salisbury, Wiltshire SP2 7AY2

Local Rents

19 rents from £750/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95009/240.12 miCherry Close, SALISBURY2
£1,10009/240.13 miCherry Close, Salisbury, Wiltshire, SP2 7JD2
£1,00009/240.16 miLower Road, SALISBURY2
£1,10010/240.16 mi-2
£1,20009/240.21 miNursery Road, Salisbury2
£1,20009/240.21 miNursery Road, Salisbury2
£1,05002/250.31 mi-2
£1,30009/240.39 miIndia Avenue, Salisbury2
£99510/240.42 mi-2
£99509/240.43 mi-2
£1,05012/230.45 mi-2
£1,10009/240.5 miChurchfields Road, Salisbury2
£75009/240.5 mi-2
£75009/240.5 mi-2
£78507/240.5 mi-2
£82507/240.53 mi-2
£1,00009/240.58 miSalisbury2
£1,25004/250.58 mi-2
£1,10009/240.61 miSALISBURY - Ashley Road2

Local Area Statistics

Population in SP2

28,823

Population in Salisbury

93,605

Town centre distance

0.85 miles away

Nearest school

0.20 miles away

Nearest train station

0.67 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £225,000

March 5, 2025

Floor Plans

Description

  • END OF TERRACED HOUSE +
  • TWO BEDROOMS +
  • IN NEED OF SOME MODERNISATION +
  • GOOD SIZE REAR GARDEN +
  • NO ONWARD CHAIN +

A well-presented end of terraced house situated in a no through road within walking distance of the city centre. The property is in need of modernisation throughout and offers excellent scope for improvement. The property boasts spacious accommodation which includes a large dual aspect living room, kitchen, two bedrooms, bathroom, out-house that offers potential to extend the kitchen (stp) and a good size rear garden. The property is offered to the market with no onward chain.

Agent Details

Carter & May, Salisbury

01722 548831

Next Steps?

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