3 Bed Semi-Detached House, Refurb/BRRR, Salisbury, SP2 7DH, £210,000

Richmond Road, Salisbury, SP2 7DH - 2 views - a month ago

Auction
Refurb/BRRR
ROI: 2%
~93 m²
+5 photos

ValuationFair Value

Sold Prices£160K - £400K
Sold Prices/m²£506/m² - £6.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£210,000

 

 

End Value (After Refurb)

£285,522

Uplift in Value

+36%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£13,400

Refurb Costs

£38,000

Bridging Loan Interest

£5,513

Total Cash In

£111,163

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£285,522

Agent Fees (1%)

£2,855

Bridging Loan

£157,500

Bridging Loan Interest

£5,513

Flip Profit

£14,004

Local Sold Prices

50 sold prices from £160K to £400K, average is £275K. £506/m² to £6.1K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£207.5K11/200.05 mi17, Kingsland Road, Salisbury, Wiltshire SP2 7DQ3
£297K05/210.1 mi4, Bedford Road, Salisbury, Wiltshire SP2 7LW3
£295K01/210.11 mi107, Devizes Road, Salisbury, Wiltshire SP2 7LS3
£267.5K11/210.11 mi66, Devizes Road, Salisbury, Wiltshire SP2 7LN3
£275K07/230.11 mi66, Devizes Road, Salisbury, Wiltshire SP2 7LN3
£263.5K06/210.12 mi96, Ashley Road, Salisbury, Wiltshire SP2 7DD3
£210K08/210.12 mi77, Devizes Road, Salisbury, Wiltshire SP2 7LQ3
£295K03/210.14 mi49, Palmer Road, Salisbury, Wiltshire SP2 7LX3
£358K01/230.14 mi49, Palmer Road, Salisbury, Wiltshire SP2 7LX3
£335K07/230.14 mi41, Palmer Road, Salisbury, Wiltshire SP2 7LX3
£288.5K05/230.14 miJubilee House, Palmer Road, Salisbury, Wiltshire SP2 7LX3
£285K01/230.16 mi208, Devizes Road, Salisbury, Wiltshire SP2 7LY3
£299.9K03/210.16 mi21, Hartington Road, Salisbury, Wiltshire SP2 7LG3
£197.5K03/210.16 mi19, Hartington Road, Salisbury, Wiltshire SP2 7LG3
£335K06/210.16 mi3, Hartington Road, Salisbury, Wiltshire SP2 7LG3
£272K03/230.16 mi28, Highfield Road, Salisbury, Wiltshire SP2 7LZ3
£205K11/200.19 mi54, Devizes Road, Salisbury, Wiltshire SP2 7AD3
£210K05/210.21 mi22, Hawthorn Close, Salisbury, Wiltshire SP2 7EQ3
£187K03/210.22 mi25, Sidney Street, Salisbury, Wiltshire SP2 7AJ3
£250K06/210.24 mi36, Meadow Road, Salisbury, Wiltshire SP2 7BN3
£215K06/210.24 mi13, George Street, Salisbury, Wiltshire SP2 7BA3
£190K02/210.26 mi26, Wilton Road, Salisbury, Wiltshire SP2 7EJ3
£308K02/210.27 mi260, Devizes Road, Salisbury, Wiltshire SP2 7NB3
£340K06/230.27 mi29a, Highbury Avenue, Salisbury, Wiltshire SP2 7EX3
£395K12/200.27 mi10, Highbury Avenue, Salisbury, Wiltshire SP2 7EX3
£317.5K12/220.28 mi33, York Road, Salisbury, Wiltshire SP2 7AT3
£222.5K01/210.28 mi58, York Road, Salisbury, Wiltshire SP2 7AT3
£264K12/220.28 mi54, George Street, Salisbury, Wiltshire SP2 7BB3
£318K04/230.29 mi6, Macklin Road, Salisbury, Wiltshire SP2 7HB3
£220K02/230.29 mi75, Windsor Street, Salisbury, Wiltshire SP2 7EA3
£160K03/210.3 mi47, Meadow Road, Salisbury, Wiltshire SP2 7BL3
£320K03/230.3 mi32, Macklin Road, Salisbury, Wiltshire SP2 7HD3
£245K04/210.3 mi75, Macklin Road, Salisbury, Wiltshire SP2 7HD3
£240K11/200.3 mi65, Macklin Road, Salisbury, Wiltshire SP2 7HD3
£327.5K06/230.32 mi3, Nightingale Walk, Salisbury, Wiltshire SP2 7HH3
£275K09/210.34 mi52, St Pauls Road, Salisbury, Wiltshire SP2 7BD3
£240K03/210.34 mi46, St Pauls Road, Salisbury, Wiltshire SP2 7BD3
£250K11/200.37 mi7, Montgomery Gardens, Salisbury, Wiltshire SP2 7UG3
£398K06/210.37 mi49, Hulse Road, Salisbury, Wiltshire SP1 3LU3
£250K11/210.37 mi74, Montgomery Gardens, Salisbury, Wiltshire SP2 7UQ3
£275K06/230.38 mi1, Douglas Haig Road, Salisbury, Wiltshire SP1 3NB3
£275K06/210.38 mi4, St Gregorys Avenue, Salisbury, Wiltshire SP2 7JW3
£255K05/210.39 mi103, Wilton Road, Salisbury, Wiltshire SP2 7HU3
£370K10/220.39 mi31, Douglas Haig Road, Salisbury, Wiltshire SP1 3NB3
£300K03/210.39 mi68a, Hulse Road, Salisbury, Wiltshire SP1 3LY3
£400K06/230.39 mi28, Hulse Road, Salisbury, Wiltshire SP1 3LY3
£281K02/210.39 mi56, Harper Road, Salisbury, Wiltshire SP2 7HQ3
£335K06/210.4 mi2, Charnwood Road, Salisbury, Wiltshire SP2 7HT3
£300K02/230.4 mi117, Wilton Road, Salisbury, Wiltshire SP2 7HY3
£295K03/210.41 mi3, Nelson Road, Salisbury, Wiltshire SP1 3LT3

Local Rents

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

RentDateDistanceAddressBeds 
£1,40009/240.03 miKingsland Road Salisbury SP23
£1,35002/250.14 mi-3
£1,10009/240.17 miDevizes Road, Salisbury3
£1,35003/250.25 mi-3
£1,30011/240.26 mi-3
£1,70009/240.37 miDevizes Road, Salisbury3
£1,25009/240.39 miLongland, Salisbury, Wiltshire, SP23
£1,80001/240.46 mi-3
£1,45009/240.46 miCastle Road, Salisbury3
£79912/240.48 mi-3
£1,40009/240.49 miSteynings House, Chapel Place, Salisbury, Wiltshire, SP23
£1,50009/240.49 miVictoria Road3
£1,05001/240.5 mi-3
£1,29504/250.51 mi-3

Local Area Statistics

Population in SP2

28,823

Population in Salisbury

93,605

Town centre distance

0.60 miles away

Nearest school

0.30 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 £210,000

March 28, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Three bedroom semi detached house +
  • Downstairs toilet and upstairs bathroom +
  • Two reception rooms +
  • Convenient for City Centre +
  • Close to transport links +

SUMMARY
NO FORWARD CHAIN 3 bed semi detached house located in a cul-de-sac convenient for Salisbury City Centre. The property has two reception rooms, kitchen, lean to style utility, downstairs cloakroom,3 bedrooms and upstairs bathroom. Requiring some modernisation & offering excellent potential.

DESCRIPTION
* NO FORWARD CHAIN ** 3 bed semi detached house located in a cul-de-sac convenient for Salisbury City Centre. The property has two reception rooms, kitchen, lean to style utility, downstairs cloakroom,3 bedrooms and upstairs bathroom. Requiring some modernisation & offering excellent potential.

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 
Front door, stairs to the first floor, radiator

Downstairs Toilet 
Low level W.C, wash hand basin

Lounge 11' 5" x 10' 4" max ( 3.48m x 3.15m max )
Double glazed window to the front, radiator, character fireplace, picture rail

Dining Room 11' 5" x 9' 3" max ( 3.48m x 2.82m max )
Window to the rear, picture rail

Kitchen 9' x 6' 5" ( 2.74m x 1.96m )
Window to the rear, sink unit with cupboard below, further range of wall and base level cupboards with roll edge worktop surface over, built in oven ^ hob, plumbing for washing machine, door to the rear

Lean To Utility 6' 8" x 6' 3" ( 2.03m x 1.91m )
Lean to style with power and lighting

First Floor Landing 
Window to the side. loft access, doors to the three bedrooms and bathroom

Bedroom 1 11' 4" x 9' 7" ( 3.45m x 2.92m )
Window to the font, radiator, character fireplace, picture rail

Bedroom 2 11' 5" x 10' 10" max ( 3.48m x 3.30m max )
Window to the rear, radiator, character fireplace, picture rail, cupboard with Worcester boiler

Bedroom 3 8' x 6' 2" ( 2.44m x 1.88m )
Window to the font, radiator, picture rail

Bathroom 
Obscure double glazed window, low level W.C, wash hand basin, panel enclosed bath

Front Garden 
To the front of the property there is a front garden with pathway to the front door

Rear Garden 
The rear garden has patio and lawn area, mature plantings, green house, gardeners toilet and side access

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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Fox & Sons, Salisbury

01722 656777

Next Steps?

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