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See how verdicts work3-bedroom bungalow · SP1 1PG
For saleReduced £30k (−7.6%) on 27 OctListed 133 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well appointed bungalow offering a surprising levels of accommodation, situated within a well regarded quiet cul-de-sac location, with garden and parking. No onward chain.
DESCRIPTION A neatly presented, three-bedroom bungalow located within the highly regarded Salisbury suburb of Laverstock. Offering 950 sq. ft.
of accommodation this excellent property comprises an entrance hall, kitchen/dining room, opening up into a sitting room with wood burning stove, separate utility room, two ground floor bedrooms, a further converted loft room, currently used as a bedroom, and a family bathroom.
LOCATION Over time Laverstock has merged to become a suburb of Salisbury and now offers many facilities including a primary school, three secondary schools, a public house, convenience store, social club and takeaways.
Nearby are Laverstock Downs which provide good opportunities for walking and outdoor pursuits, along with a nursery and gym conveniently situated on the London Road, there is a regular bus service through Laverstock to the city centre.
Salisbury boasts a well-thought of Playhouse and twice-weekly charter market, with a plethora of restaurants, shopping, and leisure facilities.
There is a number of primary and secondary schools, both private and state, including boys and girls grammar schools.
Salisbury has excellent road links to London and the West Country, Southampton and Bournemouth, and provides direct trains to London Waterloo, Bristol and Bath from Salisbury mainline railway station.
OUTSIDE To the front of the property is private driveway providing parking for a couple of vehicles. At the rear, off the kitchen is a sun terrace which presents an ideal spot for entertaining.
From this is the garden which is of a low maintenance nature as well as being very colourful and exciting.
There are several specimen shrubs and planting areas that can be enjoyed throughout the seasons.
In addition is a Summer House that offers power and lighting and could be used for all manner of possibilities. TENURE Freehold. SERVICES All mains services are connected .
LOCAL AUTHORITY Wiltshire Council, Band C. VIEWINGS Strictly by appointment, only with Boatwrights.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About Melvin Close, Laverstock
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