3 Bed Terraced House, Refurb/BRRR, Salisbury, SP2 8HS, £275,000

Wiltshire Road, Salisbury, SP2 8HS - 1 views - a month ago

Refurb/BRRR
~93 m²
+4 photos

ValuationFair Value

Sold Prices£176K - £615K
Sold Prices/m²£2.1K/m² - £5.8K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£280,500

 

 

End Value (After Refurb)

£331,161

Uplift in Value

+20%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£16,200

Refurb Costs

£38,000

Bridging Loan Interest

£7,219

Total Cash In

£131,919

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£331,161

Mortgage (After Refinance)

£248,371

Mortgage LTV

75%

Cash Released

£42,121

Cash Left In

£89,798

Equity

£82,790

Rent Range

£1,025 - £1,800

Rent Estimate

£1,365

Running Costs/mo

£1,328

Cashflow/mo

£37

Cashflow/yr

£445

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £176K to £615K, average is £337.5K. £2.1K/m² to £5.8K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£320K04/210.05 mi41, Netherhampton Road, Salisbury, Wiltshire SP2 8HD3
£340K03/210.05 mi67, Netherhampton Road, Salisbury, Wiltshire SP2 8HD3
£327K11/210.1 mi66, Wiltshire Road, Salisbury, Wiltshire SP2 8HR3
£379.9K03/210.13 mi27, Old Meadows Walk, Salisbury, Wiltshire SP2 8PA3
£282.5K02/210.13 mi3, Parsonage Green, Harnham, Salisbury, Wiltshire SP2 8LD3
£335K06/210.14 mi29, Berkshire Road, Salisbury, Wiltshire SP2 8NY3
£292.5K12/220.14 mi84, Wiltshire Road, Salisbury, Wiltshire SP2 8HR3
£295K06/210.15 mi55, Wiltshire Road, Salisbury, Wiltshire SP2 8HT3
£176K04/210.16 mi28, Norfolk Road, Harnham, Salisbury, Wiltshire SP2 8HG3
£297K02/210.19 mi13, Middle Street, Salisbury, Wiltshire SP2 8LR3
£443K09/210.23 mi15, Constable Way, Salisbury, Wiltshire SP2 8LN3
£450K11/220.23 mi35, Richards Way, Salisbury, Wiltshire SP2 8NT3
£350K06/210.24 mi18, Saxon Road, Salisbury, Wiltshire SP2 8JZ3
£301K09/210.24 mi2, Saxon Road, Harnham, Salisbury, Wiltshire SP2 8JZ3
£450K06/210.25 miPine View, Carrion Pond Drove, Salisbury, Wiltshire SP2 8PD3
£440.5K11/210.28 mi23, Montague Road, Salisbury, Wiltshire SP2 8NJ3
£382K01/210.28 mi160, Netherhampton Road, Salisbury, Wiltshire SP2 8NB3
£270K01/230.29 mi34, Hollows Close, Harnham, Salisbury, Wiltshire SP2 8JX3
£183K03/210.29 mi10, Hollows Close, Harnham, Salisbury, Wiltshire SP2 8JX3
£195K01/230.29 mi82, Hollows Close, Harnham, Salisbury, Wiltshire SP2 8JX3
£280K03/230.31 mi21, Hollows Close, Harnham, Salisbury, Wiltshire SP2 8JU3
£260K11/200.31 mi9, Hollows Close, Salisbury, Wiltshire SP2 8JU3
£410K07/230.32 mi54, St Georges Road, Salisbury, Wiltshire SP2 8LX3
£353K03/210.34 mi4, St Georges Road, Salisbury, Wiltshire SP2 8LU3
£312K01/230.35 mi61, Wellworthy Drive, Salisbury, Wiltshire SP2 8HY3
£365K10/210.35 mi43, Wellworthy Drive, Salisbury, Wiltshire SP2 8HY3
£312.5K04/230.35 mi57, Wellworthy Drive, Salisbury, Wiltshire SP2 8HY3
£273K12/200.35 mi14, Wellworthy Drive, Salisbury, Wiltshire SP2 8HY3
£310K05/230.36 mi12, Bridgwater Close, Harnham, Salisbury, Wiltshire SP2 8JS3
£600K10/200.46 mi4, Grasmere Close, Salisbury, Wiltshire SP2 8DG3
£300K06/210.47 mi1, Bouverie Close, Salisbury, Wiltshire SP2 8DY3
£450K11/210.5 mi6, Old Blandford Road, Salisbury, Wiltshire SP2 8DQ3
£595K01/230.54 mi141, Bouverie Avenue South, Salisbury, Wiltshire SP2 8EB3
£610K06/210.57 mi115, Bouverie Avenue South, Salisbury, Wiltshire SP2 8EA3
£395K05/230.6 mi50, Harnham Road, Salisbury, Wiltshire SP2 8JJ3
£420.5K12/200.6 mi37, Bouverie Avenue, Salisbury, Wiltshire SP2 8DU3
£615K09/210.61 mi53, Harnham Road, Salisbury, Wiltshire SP2 8JJ3
£615K06/210.61 miWinstone, Portland Avenue, Salisbury, Wiltshire SP2 8BS3
£495K03/210.61 mi6, Francis Way, Salisbury, Wiltshire SP2 8EF3
£215K02/210.63 mi5a, Old Street, Salisbury, Wiltshire SP2 8JL3
£257K07/230.63 mi1, Old Street, Salisbury, Wiltshire SP2 8JL3
£258K01/230.63 miHillsboro, Old Street, Salisbury, Wiltshire SP2 8JL3
£215K02/210.63 mi5a, Old Street, Salisbury, Wiltshire SP2 8JL3
£300K06/230.63 mi19, Old Street, Salisbury, Wiltshire SP2 8JL3
£499.9K09/210.64 mi53, Rectory Road, Salisbury, Wiltshire SP2 7SD3
£435K10/200.64 mi53, Rectory Road, Salisbury, Wiltshire SP2 7SD3
£380K11/200.65 mi17, Harnham Road, Salisbury, Wiltshire SP2 8JG3
£385K04/210.66 mi176, Coombe Road, Salisbury, Wiltshire SP2 8BN3
£245K01/230.66 mi30, Churchfields Road, Salisbury, Wiltshire SP2 7NW3
£410K01/230.67 mi176, Coombe Road, Salisbury, Wiltshire SP2 8BN3

Local Rents

20 rents from £1K/mo to £1.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,45009/240.21 miNetherhampton Road, Salisbury3
£1,02509/240.29 miHollows Close, Salisbury, Wiltshire, SP23
£1,50001/250.36 mi-3
£1,50001/250.36 mi-3
£1,70009/240.62 miFrancis Way, Harnham, Salisbury3
£1,40010/230.69 mi-3
£1,40010/230.69 mi-3
£1,25009/240.7 miSwallowmead, Salisbury3
£1,80001/240.73 mi-3
£1,05001/240.75 mi-3
£1,40009/240.81 miSteynings House, Chapel Place, Salisbury, Wiltshire, SP23
£1,25009/240.81 miLongland, Salisbury, Wiltshire, SP23
£1,35004/250.85 mi-3
£1,10009/240.93 miDevizes Road, Salisbury3
£1,35003/250.97 mi-3
£1,30012/240.97 mi-3
£1,30009/241.03 miPennyfarthing Street, Salisbury, SP13
£1,40009/241.05 miKingsland Road Salisbury SP23
£1,40009/241.1 miBelle Vue Road, Salisbury3
£1,55009/241.18 miMilton Road, SALISBURY3

Local Area Statistics

Population in SP2

28,823

Population in Salisbury

93,605

Town centre distance

0.63 miles away

Nearest school

0.20 miles away

Nearest train station

0.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £275,000

March 17, 2025

Floor Plans

Description

  • NO ONWARD CHAIN +
  • Three-Bedroom Mid-Terrace +
  • Driveway Parking +
  • Sought-After Residential Location +
  • Well-Proportioned Bedrooms +
  • Large Reception Room +
  • Scope for Renovation Throughout +

Avaialble with NO ONWARD CHAIN is this three-bedroom mid-terrace house. The property occupies a sought-after position within the popular district of Harnham and benefits from off-street parking as well as both front and rear gardens. The accommodation comprises a large reception room with space for dedicated sitting and dining areas, and an extended kitchen on the ground floor. Upstairs there are three well-proportioned bedrooms, with built-in wardrobes to the main, and a family bathroom. The accommodation offers scope for a range of renovation and updating throughout to cater to a prospective buyer’s taste. Residents of Wiltshire Road will benefot from the the area’s links to the Salisbury city centre via the popular Harnham Town Path, with excellent public tansport links nearby, and a local shop a very short distance away.

Agent Details

Carter & May, Salisbury

01722 548831

Next Steps?

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