3 Bed Terraced House, Refurb/BRRR, Salisbury, SP2 7HD, £220,000

Macklin Road, Salisbury, SP2 7HD - 6 views - a month ago

Auction
Refurb/BRRR
ROI: 1%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£190K - £440K
Sold Prices/m²£2.1K/m² - £5.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£226,600
BMV3%

 

 

End Value (After Refurb)

£319,615

Uplift in Value

+45%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£12,200

Refurb Costs

£38,000

Bridging Loan Interest

£5,775

Total Cash In

£112,725

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£319,615

Agent Fees (1%)

£3,196

Bridging Loan

£165,000

Bridging Loan Interest

£5,775

Flip Profit

£38,694

Local Sold Prices

50 sold prices from £190K to £440K, average is £296K. £2.1K/m² to £5.2K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£320K03/230 mi32, Macklin Road, Salisbury, Wiltshire SP2 7HD3
£245K04/210 mi75, Macklin Road, Salisbury, Wiltshire SP2 7HD3
£240K11/200 mi65, Macklin Road, Salisbury, Wiltshire SP2 7HD3
£308K02/210.06 mi260, Devizes Road, Salisbury, Wiltshire SP2 7NB3
£318K04/230.06 mi6, Macklin Road, Salisbury, Wiltshire SP2 7HB3
£327.5K06/230.09 mi3, Nightingale Walk, Salisbury, Wiltshire SP2 7HH3
£281K02/210.09 mi56, Harper Road, Salisbury, Wiltshire SP2 7HQ3
£275K06/210.11 mi4, St Gregorys Avenue, Salisbury, Wiltshire SP2 7JW3
£285K01/230.15 mi208, Devizes Road, Salisbury, Wiltshire SP2 7LY3
£393K06/230.16 mi336, Devizes Road, Salisbury, Wiltshire SP2 7DP3
£350K04/210.16 mi314, Devizes Road, Salisbury, Wiltshire SP2 7DP3
£358K01/230.16 mi49, Palmer Road, Salisbury, Wiltshire SP2 7LX3
£335K07/230.16 mi41, Palmer Road, Salisbury, Wiltshire SP2 7LX3
£288.5K05/230.16 miJubilee House, Palmer Road, Salisbury, Wiltshire SP2 7LX3
£295K03/210.17 mi49, Palmer Road, Salisbury, Wiltshire SP2 7LX3
£272K03/230.18 mi28, Highfield Road, Salisbury, Wiltshire SP2 7LZ3
£325K01/230.19 mi35, Canadian Avenue, Salisbury, Wiltshire SP2 7JL3
£375K08/230.2 mi44, Canadian Avenue, Salisbury, Wiltshire SP2 7JN3
£402K12/200.2 mi26, St Gregorys Avenue, Salisbury, Wiltshire SP2 7JP3
£250K11/210.2 mi74, Montgomery Gardens, Salisbury, Wiltshire SP2 7UQ3
£295K01/210.22 mi107, Devizes Road, Salisbury, Wiltshire SP2 7LS3
£250K11/200.22 mi7, Montgomery Gardens, Salisbury, Wiltshire SP2 7UG3
£375K03/230.24 mi82, Roman Road, Salisbury, Wiltshire SP2 9BN3
£340K06/230.24 mi29a, Highbury Avenue, Salisbury, Wiltshire SP2 7EX3
£395K12/200.24 mi10, Highbury Avenue, Salisbury, Wiltshire SP2 7EX3
£335K06/210.25 mi27, Australian Avenue, Salisbury, Wiltshire SP2 7JS3
£290K01/210.28 mi32, New Zealand Avenue, Salisbury, Wiltshire SP2 7JX3
£297K05/210.28 mi4, Bedford Road, Salisbury, Wiltshire SP2 7LW3
£300K02/230.29 mi117, Wilton Road, Salisbury, Wiltshire SP2 7HY3
£255K05/210.29 mi103, Wilton Road, Salisbury, Wiltshire SP2 7HU3
£280K05/230.3 mi16, Wellington Way, Salisbury, Wiltshire SP2 9BX3
£440K04/230.31 mi261, Devizes Road, Salisbury, Wiltshire SP2 9LT3
£285K01/230.32 mi8, Gorringe Road, Salisbury, Wiltshire SP2 7HZ3
£260K11/200.32 mi7, Gorringe Road, Salisbury, Wiltshire SP2 7HZ3
£322K02/210.32 mi13, Gorringe Road, Salisbury, Wiltshire SP2 7HZ3
£190K02/210.34 mi26, Wilton Road, Salisbury, Wiltshire SP2 7EJ3
£300K06/230.34 mi11, Wellington Way, Salisbury, Wiltshire SP2 9BU3
£293K05/210.34 mi17, Wellington Way, Salisbury, Wiltshire SP2 9BU3
£320K12/210.34 mi29, Roberts Road, Salisbury, Wiltshire SP2 9BY3
£355K01/230.34 mi23, Roberts Road, Salisbury, Wiltshire SP2 9BY3
£260K12/220.35 mi27, Nursery Road, Salisbury, Wiltshire SP2 7HX3
£210K08/210.35 mi77, Devizes Road, Salisbury, Wiltshire SP2 7LQ3
£207.5K11/200.35 mi17, Kingsland Road, Salisbury, Wiltshire SP2 7DQ3
£335K06/210.36 mi2, Charnwood Road, Salisbury, Wiltshire SP2 7HT3
£320K11/210.36 mi16, Coronation Road, Salisbury, Wiltshire SP2 9DD3
£236K03/210.36 mi10, Cherry Orchard Lane, Salisbury, Wiltshire SP2 7JF3
£265K08/210.36 mi6, Gramshaw Road, Salisbury, Wiltshire SP2 7JR3
£288K08/210.37 mi25a, Gorringe Road, Salisbury, Wiltshire SP2 7JA3
£381.5K06/210.37 mi24, Empire Road, Salisbury, Wiltshire SP2 9DF3
£267.5K11/210.37 mi66, Devizes Road, Salisbury, Wiltshire SP2 7LN3

Local Rents

27 rents from £799/mo to £1.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,70009/240.09 miDevizes Road, Salisbury3
£1,40009/240.3 miKingsland Road Salisbury SP23
£1,25009/240.37 miLongland, Salisbury, Wiltshire, SP23
£1,35003/250.41 mi-3
£1,10009/240.42 miDevizes Road, Salisbury3
£1,35004/250.48 mi-3
£1,15009/240.53 miSALISBURY - Heath Road3
£1,30012/240.55 mi-3
£1,60009/240.61 miSalisbury, Wiltshire3
£1,80001/240.7 mi-3
£79912/240.73 mi-3
£1,45009/240.74 miCastle Road, Salisbury3
£1,40009/240.75 miSteynings House, Chapel Place, Salisbury, Wiltshire, SP23
£1,05001/240.76 mi-3
£1,50009/240.77 miVictoria Road3
£1,40009/240.93 miBelle Vue Road, Salisbury3
£1,00405/240.97 mi-3
£1,35009/241.01 miSALISBURY - Wyndham Terrace3
£1,35002/251.01 mi-3
£1,40004/251.07 mi-3
£1,45009/241.11 miNetherhampton Road, Salisbury3
£1,30009/241.14 miPennyfarthing Street, Salisbury, SP13
£1,50001/251.2 mi-3
£1,50001/251.2 mi-3
£1,25009/241.21 miSALISBURY - Atherton Court3
£1,20009/241.24 mi-3
£1,20009/241.24 mi-3

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

0.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £220,000

March 5, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Semi Detahed +
  • Three Bedrooms +
  • Popular Residential Area +
  • Scope for Modernisation +
  • Large Rear Garden +

SUMMARY
OPEN HOUSE - Saturday 15th March 10:00 - 12:00, contact us for details.

A three bedroom semi detached house in Macklin Road comprising of a living room, separate dining room, kitchen, three bedrooms, a wetroom and separate WC. There are front and rear gardens. Situated in a popular residential area just under 2 miles from the centre of the city of Salisbury.

DESCRIPTION
Offering to the market this semi detached house in Macklin Road, Salisbury. The property which offers an opportunity for modernisation and improvement, comprises of a living room, separate dining room, kitchen, three bedrooms, a wetroom and separate WC. There are front and rear gardens. Macklin Road is situated in a popular residential just off Devizes Road. There are primary schools nearby plus a leisure centre and Waitrose supermarket. The city centre and railway station are just under 2 miles and the area is served well by regular bus services.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Entrance Hall 

Living Room 13' 8" x 12' 4" ( 4.17m x 3.76m )
Fireplace with gas fire. Front aspect

Dining Room 11' 11" x 9' 11" ( 3.63m x 3.02m )
Fireplace, fitted cupboard. Front aspect.

Kitchen 12' 7" x 7' 5" ( 3.84m x 2.26m )
Stainless steel sink drainer with cupboards below, two wall cupboards, central heating boiler, door to larder cupboard, window rear aspect, door to porch.

Landing 
Doors to bedrooms, bathroom and toilet.

Bedroom One 13' 6" x 12' 5" ( 4.11m x 3.78m )
Built in cupboard, front aspect

Bedroom Two 12' x 10' 2" ( 3.66m x 3.10m )
Front aspect.

Bedroom Three 9' x 7' 8" ( 2.74m x 2.34m )
Rear Aspect

Wetroom 
Complete wet room with shower, wash hand basin, extractor fan, cupboard housing water tank. Rear aspect.

Toilet 
WC. Rear Aspect

Front Garden 
Lawn and shrubs, path to front door.

Rear Garden 
Good size garden enclosed by fencing. Mostly laid to lawn with some mature shrubs. Large garden shed.

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?

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