Attention Investors/Property Developers!
This incredibly well priced Grade ll Listed property has been offered to the market with Whites! The property is in need of full renovation throughout and boasts the potential of extension into the attic space subject to planning permission. The current accomodation briefly comprises Living Room, Dining Room, Kitchen, two Bedrooms and family Bathroom.
Should the property remain a two bed, once completed I would recommend a resale value of £245,000 and a rental value of £795pcm. Should the property be converted to a three bed, I would estimate a resale value of £275,000 and a rental value of £900pcm.
Yields would obviously depend on the renovation costs. Give White’s a ring to arrange a viewing! https://www.rightmove.co.uk/property-for-sale/property-66944614.html
If you would like our advice on the rental potential of a property, whether it’s your own property, one you are in the process of purchasing, or one you have seen advertised, contact a member of the team!
A project for property developers! For sale with Oliver Chandler is this fantastic two bedroom property, situated just off of Castle Road. The property is in need of full renovations, so would make the perfect investment property. It boasts a large plot, so scope for extension and also potential for off-road parking with the right planning consents.
Give Oliver Chandler a call to arrange your viewing. https://www.rightmove.co.uk/property-for-sale/property-66288541.html
Not every great house should be a BTL, sometimes a First time buyer should snap it up! This house would rent for £875 or there about but either way make an ideal home. Yield will be 5.25% 🙂
If you’re up or downsizing or investing this could be just for you says agent Ewemove. I reckon it will rent for £975 – £1000 in the current climate so maybe not a great investment but its a good location to make your own nest!
Ending the week with this fantastic three bedroom property situated on Nursery Road, just a short walk from Salisbury City Centre and Mainline Station. The property is immaculately presented throughout and would be an ideal investment, or alternatively a well priced first home.
The accomodation comrpises Living Room, Dining Room, Kitchen, downstairs Bathroom and three good sized bedrooms.
I would predict a rental value of £895pcm, giving you a fantastic yield of 4.7%. Contact McKillop and Gregory to book your viewing!
Feeling flush? This magnificent property in The Close is on the market for an undisclosed sum with agents Hamptons. By clever deduction I can tell you its between £1.7m and £3m and also has 6 bedroom. The last time it sold was in 2009 for £1,037,500 If you’re tempted check out the details here>> http://www.rightmove.co.uk/property-for-sale/property-71711033.html
Another BTL or Keeper property -no denying its good value – previous prices here
Certainly rentable at £875-900 giving a respectable yield of 4.9% gross – clearly needs a redec but that’s only £2000 ish. Get your wallet over to Connells and book a viewing. http://www.rightmove.co.uk/property-for-sale/property-70747664.html
Something a little different on this dull Tuesday afternoon!
We regularly get enquiries from applicants searching for a bungalow, and for this very reason, they appear to be few and far between. One particular area where they appear occasionally is Laverstock, well known as one of the more desirable areas of Salisbury, perfect for those who don’t want to live in the City Centre, but just a short drive to the amenities that Salisbury has to offer.
This two bedroom bungalow, currently advertised with Middelton & Major, has been on the market since 2nd January 2018. Accomodation comprises entrance Hallway, Living/Dining Room, Kitchen, two Bedrooms and family Bathroom. This property also benefits from a single Garage, off-road Parking and rear Garden. In my opinion, the accomodation appears to be presented in a good condition, although i believe it would benefit from some updating.
Unlike our previous posts, the figures don’t particularly add up from the point of view of an investor, however I believe that this property would be well suited to an owner occupier, potentially looking for a property to retire to.
If this property is of interest to you, be sure to give Middleton & Major a call! I’m sure this property will be snapped up! http://www.rightmove.co.uk/property-for-sale/property-63364129.html
Something a little different to start the week!
This fantastic grade II listed former Toll House could be a brilliant development opportunity, all you need is a little imagination! The property itself is situated within the increasingly popular area of Amesbury, with amenities, great transport links and only a short distance from Salisbury City Centre.
Accomodation comprises entrance vestibule, Living Room, Kitchen/Diner, Sitting Room/Bedroom 2, Bathroom and first floor Studio Bedroom. The current dwelling could simply be updated both inside and outside producing a beautiful property, there may also be scope for extension. Planning permission was previously granted for the building of a double garage. This has now lapsed, but there is certainly potential for this to be re-obtained.
Jordan’s, the advertising agent, are hosting viewings on Wednesday’s between 16:00 and 17:00 and Saturday morning’s by appointment only. Give them a call to book your slot and assess the potential of this gem!
Something a little different to start a very hot week!
This immaculately presented detached three bedroom family home situated within the Fugglestone Red area of Salisbury is currently on the market with Hamptons of Salisbury. The accomodation comprises Living Room, Kitchen/Diner, two doubled Bedrooms, one further single Bedroom along with Family Bathroom, front and rear Gardens, detached single Garage and off-road Parking. In the words of the advertising agent, ‘This versatile home has been comprehensively modernised by the current vendors to provide flexible modern open plan living accommodation presented to an impeccable standard throughout,’ and I must say I have to agree! Whilst this property doesn’t necessarily fit into my usual 5% yield and upwards bracket, with a potential rent of £1000pcm, you could still be looking at a healthy 4.4% return! Alternatively, this property would make a fantastic family home in an increasingly popular area of Salisbury. What you lack in yield here could potentially be made up for in Capital Growth, with the last almost identical property selling in just September last year for a figure of £240,000! http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=56077052&sale=88576683&country=england
Give Hamptons a ring to arrange your viewing, and be quick because I don’t think this one will hang around for long! http://www.rightmove.co.uk/property-for-sale/property-60493408.html