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Great Croft, Firsdown ***DEVELOPMENT OPPORTUNITY***

South West

£75,000
Listed on 15/05/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This split-level plot currently forms part of the garden area associated with a larger property. It features a combination of gravel and paved surfaces, enhanced by some landscaping and established plants. While the area is being offered as-is, it presents an opportunity for developers or investors interested in exploring its potential for future development, subject to obtaining the necessary planning permissions from local authorities. The new owner will need to facilitate the connection of essential services such as electricity and water to the plot, ensuring that these arrangements do not interfere with the seller's adjacent property. A new private sewage treatment plant will be established by the seller for their retained property, with conditions regarding the existing system’s disconnection outlined in the sale terms. Additionally, future owners will be responsible for erecting and maintaining a 2-meter high timber fence along specified boundary lines shortly after purchasing, which fosters an immediate sense of ownership. Situated in Firsdown, this location benefits from its proximity to Salisbury, providing access to a range of amenities including schools, shops, and recreational facilities. The village itself has community resources like a church and clubs, while Salisbury offers extensive options including theaters, restaurants, and healthcare facilities. This blend of village charm and city conveniences enhances the appeal for potential investment. Furthermore, excellent transport links are available, with train services to London Waterloo making this site attractive for those commuting to the capital. For those considering renovation or development projects, it's crucial to engage with local planning authorities early in order to explore possibilities within this evolving area. Viewing is strictly by appointment only.

Investment Analysis

(SP5 area)
Area Average
£394/sq ft
Avg Rent (weekly)
£345
Avg Yield
3.1%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (SP5)

Area prices are stable by +1.5% over the last 12 months
3 year growth: -3.4%
5 year growth: 14.6%
Investment Disclaimer: Analysis based on SP5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Great Croft, Firsdown ***DEVELOPMENT OPPORTUNITY***
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£275
Based on a loan of £56,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE