4 Bed Detached House, Refurb/BRRR, Salisbury, SP2 7EX, £395,000

Salisbury, SP2 7EX - 3 views - 24 days ago

Refurb/BRRR
~129 m²
+10 photos

ValuationFair Value

Sold Prices£280K - £775K
Sold Prices/m²£2.5K/m² - £5.7K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.1K/m²

Value Estimate

£402,900

 

 

End Value (After Refurb)

£407,142

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£98,750

Stamp Duty & Legal Fees

£28,200

Refurb Costs

£52,815

Bridging Loan Interest

£10,369

Total Cash In

£191,884

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£407,142

Mortgage (After Refinance)

£305,357

Mortgage LTV

75%

Cash Released

£9,107

Cash Left In

£182,777

Equity

£101,786

Rent Range

£1,050 - £1,800

Rent Estimate

£1,419

Running Costs/mo

£1,576

Cashflow/mo

£-157

Cashflow/yr

£-1,885

Gross Yield

4%

Local Sold Prices

49 sold prices from £280K to £775K, average is £450K. £2.5K/m² to £5.7K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£385K11/200.09 mi4, Jay Rise, Salisbury, Wiltshire SP2 7FL4
£378K06/210.16 mi11, Russell Road, Salisbury, Wiltshire SP2 7LR4
£365K06/210.2 mi20, Canadian Avenue, Salisbury, Wiltshire SP2 7JN4
£320K04/230.2 mi31, Macklin Road, Salisbury, Wiltshire SP2 7HB4
£485K02/230.27 mi169, Wilton Road, Salisbury, Wiltshire SP2 7JQ4
£295K11/200.28 mi31, Lower Road, Salisbury, Wiltshire SP2 9NB4
£280K12/200.31 mi54, Windsor Street, Salisbury, Wiltshire SP2 7EA4
£367.5K03/210.4 mi11, Roman Road, Salisbury, Wiltshire SP2 9BH4
£425K03/230.41 mi6, St Andrews Road, Salisbury, Wiltshire SP2 9NU4
£450K02/230.55 mi237, Devizes Road, Salisbury, Wiltshire SP2 9LT4
£772K04/230.56 mi28, Mill Road, Salisbury, Wiltshire SP2 7RZ4
£388K11/220.56 mi52, Queen Alexandra Road, Salisbury, Wiltshire SP2 9LA4
£660K05/210.56 mi32, Mill Road, Salisbury, Wiltshire SP2 7RZ4
£430K01/230.69 mi29, Queen Mary Road, Salisbury, Wiltshire SP2 9LD4
£615K12/200.71 mi2, Old Mill Gardens, Salisbury, Wiltshire SP2 8EX4
£475K02/210.71 mi14, Constable Way, Salisbury, Wiltshire SP2 8LN4
£289K01/210.77 mi486, Devizes Road, Salisbury, Wiltshire SP2 9LX4
£429.9K10/210.77 mi2, St Georges Road, Salisbury, Wiltshire SP2 8LU4
£369K04/210.79 mi10, Old Meadows Walk, Salisbury, Wiltshire SP2 8PA4
£460K06/210.79 mi77, Castle Road, Salisbury, Wiltshire SP1 3RN4
£775K06/210.79 mi3, Victoria Road, Salisbury, Wiltshire SP1 3NF4
£375K06/210.8 mi71, Hamilton Road, Salisbury, Wiltshire SP1 3TQ4
£560K08/230.83 mi23, Wyndham Road, Salisbury, Wiltshire SP1 3AB4
£415K03/210.83 mi5, Shakespeare Road, Salisbury, Wiltshire SP1 3LA4
£450K03/210.83 mi12, Shakespeare Road, Salisbury, Wiltshire SP1 3LA4
£415K10/210.83 mi126, Netherhampton Road, Salisbury, Wiltshire SP2 8LZ4
£480K08/230.86 mi63, Belle Vue Road, Salisbury, Wiltshire SP1 3YE4
£465K03/230.86 mi24, Belle Vue Road, Salisbury, Wiltshire SP1 3YG4
£580K12/200.86 miLynavon, Stratford Road, Stratford Sub Castle, Salisbury, Wiltshire SP1 3LQ4
£527.5K08/230.86 mi40, Belle Vue Road, Salisbury, Wiltshire SP1 3YD4
£527.5K08/230.86 mi40, Belle Vue Road, Salisbury, Wiltshire SP1 3YD4
£500K03/230.86 mi117, Netherhampton Road, Salisbury, Wiltshire SP2 8NA4
£325K01/210.87 mi57, Fairfield Road, Salisbury, Wiltshire SP1 3NY4
£769.5K08/230.89 mi21, Moberly Road, Salisbury, Wiltshire SP1 3BZ4
£762.5K03/210.9 mi55, Wyndham Road, Salisbury, Wiltshire SP1 3AH4
£325K12/200.91 mi20, Wyndham Terrace, Salisbury, Wiltshire SP1 3AF4
£437.5K10/200.91 mi13, Wyndham Terrace, Salisbury, Wiltshire SP1 3AF4
£420K05/230.91 mi9, Wyndham Terrace, Salisbury, Wiltshire SP1 3AF4
£625K06/210.91 mi32, Devonshire Road, Salisbury, Wiltshire SP1 3NW4
£378K03/210.92 mi34b, Ridgeway Road, Salisbury, Wiltshire SP1 3BU4
£485K12/200.93 mi21, Cornwall Road, Salisbury, Wiltshire SP1 3NH4
£450K11/200.94 mi40, Queens Road, Salisbury, Wiltshire SP1 3AG4
£575K10/200.94 miOrchard Cottage, Stratford Road, Stratford Sub Castle, Salisbury, Wiltshire SP1 3LG4
£750K06/230.95 miQueensberry House, Queensberry Road, Salisbury, Wiltshire SP1 3PJ4
£565K12/200.95 mi4, Queensberry Road, Salisbury, Wiltshire SP1 3PJ4
£415K11/200.96 mi4, Feversham Road, Salisbury, Wiltshire SP1 3PP4
£479.9K06/210.97 mi5, Beatrice Road, Salisbury, Wiltshire SP1 3PN4
£325K12/200.98 mi10, Wordsworth Road, Salisbury, Wiltshire SP1 3BH4
£325K12/200.98 mi10, Wordsworth Road, Salisbury, Wiltshire SP1 3BH4

Local Rents

12 rents from £1.1K/mo to £1.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,25009/240.11 miLongland, Salisbury, Wiltshire, SP23
£1,60009/240.27 mi-5
£1,40009/240.27 miKingsland Road Salisbury SP23
£1,10009/240.28 miDevizes Road, Salisbury3
£1,35004/250.3 mi-3
£1,35003/250.3 mi-3
£1,70009/240.36 miDevizes Road, Salisbury3
£1,30012/240.44 mi-3
£1,80001/240.5 mi-3
£1,05001/240.56 mi-3
£1,72509/240.58 miQueen Alexandra Road Salisbury SP24
£1,40009/240.58 miSteynings House, Chapel Place, Salisbury, Wiltshire, SP23

Local Area Statistics

Population in SP2

28,823

Population in Salisbury

93,605

Town centre distance

0.61 miles away

Nearest school

0.10 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £395,000

March 19, 2025

Floor Plans

Description

  • Potential for Enhancement +
  • Outskirts of City Centre +
  • Garage and Parking +
  • 4 bedrooms, 2 Receptions +
  • Character Home +

A FOUR BEDROOM DETACHED CHARACTER HOME WITH GARAGE AND PARKING

Situated in the sought-after Highbury Avenue, close to Salisbury City Centre. Goadsby are offering to the market this delightful four-bedroom detached Edwardian home which offers generous living space, period charm, and an exciting opportunity for enhancement. With spacious rooms, high ceilings, and Sash windows, this property is perfect for buyers looking to restore and enhance a character-filled residence.

Upon entering, you are welcomed by a spacious entrance hall which sets the tone for the remainder of the home. A door leads into the lounge which features a large bay window to the front aspect, allowing plenty of natural light to flood the space. A separate dining room provides a dedicated area for family meals and entertaining. To the rear, the kitchen offers a functional layout with ample storage, worktop space, and room for appliances. While perfectly serviceable, it could benefit from modernisation to create a more contemporary and stylish cooking space. The adjoining conservatory provides a bright and airy additional living area overlooking the garden.

The first floor comprises three well-proportioned bedrooms and a family bathroom, which offers a bath with overhead shower attachment, toilet and wash basin. The top floor is dedicated to an expansive additional bedroom spanning the full length of the house, offering excellent scope for a range of uses including a study or indeed a playroom if a 4th bedroom is not required.

The garden is mainly laid to lawn with mature shrubs and trees, providing a peaceful and private outdoor space. There is plenty of potential to enhance or landscape the garden further to suit individual preferences. A garage is accessed from the garden, offering additional storage or workshop space, with parking in front accessed via West End Lane.

The property is conveniently located within close proximity to Salisbury train station, offering excellent links to London Waterloo, as well as Southampton, Bristol, and Exeter. Nearby amenities include well-regarded schools such as Bishop Wordsworth's and South Wilts Grammar Schools, local supermarkets, independent shops, and Salisbury's bustling Market Square.

With its period charm, spacious layout, and prime location, this Edwardian home presents an excellent opportunity for buyers looking to personalise and modernise a classic Salisbury property. Early viewing is highly recommended.

Further benefits include single glazed timber sash windows with partial double glazing and gas fired central heating.
Additional Information
Tenure: Freehold
Council Tax Band: D
Parking: Private Parking and Garage
Utilities:
Mains Gas
Mains Electric
Mains Water- Metered
Drainage: Mains Drainage
Broadband: Refer to ofcom website
Mobile Signal: Refer to ofcom website
Flood Risk: For more information refer to gov.uk, check long term flood risk
Lounge 4.58m (15'0) x 3.87m (12'8)

Dining Room 3.62m (11'11) x 3.33m (10'11)

Kitchen 3.39m (11'1) x 2.64m (8'8)

Bedroom 1 4.73m (15'6) x 3.97m (13'0)

Bedroom 2 3.65m (12') x 3.41m (11'2)

Bedroom 3 7.45m (24'5) x 2.63m (8'8)

Bedroom 4 3.39m (11'1) x 2.7m (8'10)

Conservatory 6.92m (22'8) x 2.48m (8'2)

Bathroom 1.96m (6'5) x 1.83m (6'0)

Garage 5.32m (17'5) x 3.35m (11')

DRAFT DETAILS

We are awaiting verification of these details by the seller(s).

ALL MEASUREMENTS QUOTED ARE APPROX. AND FOR GUIDANCE ONLY. THE FIXTURES, FITTINGS & APPLIANCES HAVE NOT BEEN TESTED AND THEREFORE NO GUARANTEE CAN BE GIVEN THAT THEY ARE IN WORKING ORDER. YOU ARE ADVISED TO CONTACT THE LOCAL AUTHORITY FOR DETAILS OF COUNCIL TAX. PHOTOGRAPHS ARE REPRODUCED FOR GENERAL INFORMATION AND IT CANNOT BE INFERRED THAT ANY ITEM SHOWN IS INCLUDED.

These particulars are believed to be correct but their accuracy cannot be guaranteed and they do not constitute an offer or form part of any contract.

Solicitors are specifically requested to verify the details of our sales particulars in the pre-contract enquiries, in particular the price, local and other searches, in the event of a sale.

Agent Details

Goadsby, Salisbury

01722 442281

Next Steps?

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