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
Another for those Investors and Property Developers alike!!
There is no hiding the fact that this property is in need of modernisation throughout, however, with the current acommodation comprising two Reception Rooms, large Kitchen, three Good sized Bedrooms and a Family Bathroom, a little bit of updating could see this property become a fantastic BTL, development opportunity or family home. Once finished, I would estimate a rental value of £900pcm, meaning at the current price you would be looking at a healthy yield of 6.1%. In terms of developing the property to sell on or purchasing it as a Family Home to put your stamp on, there is definitely some scope for profit, with similar properties selling for £195,000 finished.
The property is currently marketed with Simon Colligan of Amesbury, give them a call to arrange your viewing and see how this property could work for you!
A cracking BTL opportunity to start the week! This three bedroom terraced property is currently marketed with Carter & May, Viewings commence tomorrow!
The property benefits from a large Reception Room, Conservatory, three good sized Bedrooms and a Garage as well as Off-road Parking. I would expect to achieve a rental figure of around £900pcm, meaning that at the current asking price, you would be looking at a potential yield of around 4.8%. Alternatively, this would make a fantastic family home on the outskirts of the City Centre!
Give Carter & May a call to arrange your viewing! http://www.rightmove.co.uk/property-for-sale/property-48261432.html