149 Alton Magna, Figheldean, Salisbury, Wiltshire, SP4 8LE

Description

Freehold semi-detached house comprising 2 reception rooms, kitchen, 2 bedrooms, loft and bath/WC. Externally the property has a driveway, courtyard area, large gardens and woodlands to the rear. The property further benefits from a double garage and car port.

Accommodation

GROUND FLOOR: Porch - 1.10 x 1.00; Dining Room - 3.60 x 2.10; Sitting Room - 3.70 x 3.70; Hallway - 2.40 x 2.10; Kitchen - 3.00 x 2.30; Outhouse - 1.70 x 1.60; Bathroom - 2.40 x 1.50. FIRST FLOOR: Bedroom 1 - 3.70 x 3.20; Bedroom 2 - 3.70 x 3.10. Total Floor Area - 68.22 sq.m.

Location

The property is located close to Amesbury town centre with local amenities. Salisbury centre is situated approximately 20 minutes away with an array of coffee shops, cafes, restaurants. Salisbury train station is approximately 12 miles away. Location Pin (What3Words): lightbulb.lighten.view

Tenure / Property Information

Investment Analysis

The only directly relevant completed sale is the same property at £282,000 on 30 September 2021. This is historical and no current comparable evidence or condition assessment is supplied, so £282,000 is used as an indicative base GDV only. The £180,000 guide is 63.8% of that historic sale price before works, fees and unknown disbursements.

Investment Snapshot

Strategy Recommendation

Proceed only after verifying current value, condition, legal-pack costs and achievable rent. On supplied evidence, do not rely on the historic GDV or £500 rent to justify a BTL or flip purchase.

Works Required

No specific refurbishment works are evidenced. Obtain a survey and legal-pack review; EPC E is the only identified property issue.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance of the indicative £282,000 GDV is £211,500. However, works, current valuation, finance costs and total acquisition costs are unknown, so cash left in and equity cannot be reliably calculated.

Buy-to-Let Analysis

The supplied £500 pcm figure is an advertised asking rent for two-bedroom houses in Amesbury, not an achieved rent or property-specific valuation. At £180,000, this indicates approximately 3.33% gross yield before fees, works, finance and voids. BTL viability is weak on the supplied rent evidence and cannot be fully assessed without confirmed rent and costs.

Flip Analysis

The historic same-property sale suggests an indicative £282,000 resale benchmark, but it is from 2021. Unknown condition, refurbishment costs, selling costs, current market movement and disbursements prevent a reliable flip surplus calculation.

Investor Risks & Due Diligence

• The £282,000 comparable is a 2021 sale and may not represent current value.

• No condition survey or refurbishment quotation is supplied.

• The £500 pcm figure is an advertised area asking rent, not achieved or property-specific rent.

• Buyer and administration fees apply, with additional disbursements and other legal charges potentially payable.

• EPC rating is E.

Recommendation

Proceed only after verifying current value, condition, legal-pack costs and achievable rent. On supplied evidence, do not rely on the historic GDV or £500 rent to justify a BTL or flip purchase.

Strategy Rating

Analysis Confidence

There is a directly matching completed sale, but it is dated 2021; condition, refurbishment costs, current comparables, property-specific rent and disbursements are unavailable.