2-bedroom house · SP5 4BQ
Listing removedListed 134 days
Opportunity summary
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About
For Sale by Auction. A charming two bedroom mid terrace cottage requiring modernisation in a private rural location in the popular Chalke Valley.
The Property An attractive two bedroom mid terrace cottage with brick elevations beneath a slate roof in need of renovation throughout set in a generous sized plot of 0.21 acres and including a useful brick outbuilding.
Set in a delightful rural location directly adjoining farmland with lovely views over the downland.
The cottage opens into the kitchen/dining room leading to a hallway with direct garden access and adjoining living room with open fire. Upstairs are two bright bedrooms along with a family bathroom.
Situation The cottage is situated on the outskirts of Bishopstone within the delightful and popular Chalke Valley and lies within the Cranborne Chase & West Wiltshire Downs National Landscape.
The area boasts a lively community feel and is renowned for its outdoor pursuits including cycling and countryside walks in picturesque surroundings.
The village has its own public house, church and village hall whilst the neighbouring village of Broadchalke has a village store and post office.
Salisbury city centre is within easy reach for a more comprehensive range of shops, eateries, leisure facilities and mainline train station offering direct services to London Waterloo.
Outside The property adjoins open farmland and is accessed via a gate set back from the road to a driveway leading to the parking area.
Ownership of the access lies with the neighbouring property however a permanent vehicular right of access is included as part of the sale.
There are both front and rear gardens which accommodate a summerhouse within the rear garden and brick outbuilding and kennels providing useful storage space at the front of the property.
Directions WHAT3WORDS /// maddening.dribble.shadowed Services Mains water and electricity. Private drainage to a shared septic tank. No central heating system.
Broadband - Ultrafast speed available Mobile - There is mobile coverage in the area, please refer to Ofcom’s website for more details. (). Tenure Freehold with vacant possession on completion.
Local Authority Wiltshire Council Council Tax Band B Viewings Strictly by appointment.
Material Information Whilst the ownership of the access lies with the adjoining property (No.8 Faulstone Cottage) this property does have a vehicular right of access as identified on the plan to the designated parking area and a further right to pass on foot from the parking area to the house itself.
The private drainage system currently serves both No.7 and No.8 Faulstone Cottages. Further details are available within the Legal Pack.
No.8 Faulstone Cottage is also being offered for sale within the same auction. Solicitors Fao Sue Pritchett Wilsons Solicitors llp E T Alexandra House, St Johns Street, Salisbury SP1 2SB
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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.
Area
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FAQ
About 7 Faulstone Cottages, Faulstone Lane, Salisbury
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