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Fovant, Salisbury, SP3

South West

£199,950
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This property presents a compelling opportunity for cash buyers seeking a renovation project or investment. Situated on the outskirts of Fovant, a tranquil village nestled within the scenic Nadder Valley, this substantial stone cottage is set on a generous plot with significant potential for development. The existing structure spans two floors, with the ground level featuring a spacious open-plan reception area complete with a fireplace, as well as adaptable storage spaces and a cloakroom. The upper floor offers an additional open space that includes a kitchenette and bathroom, providing the possibility to modify the layout to meet future needs. Furthermore, the loft area presents additional prospects for transformation or enhancement. Currently, planning permission has been granted for a large detached garage or annex, while there is also previously lapsed planning for an extension at the rear of the property—providing multiple avenues for expansion or improvement. The interior benefits from an oil-fired central heating system and showcases delightful views of the nearby downs from the top floor. Externally, the charming stone facade of the home is complemented by areas suitable for flower beds and landscaping. The rear patio garden is private and spacious, offering plenty of room for outdoor seating and planting arrangements—ideal for both relaxation and further development in line with planning aspirations. An adjacent hardstanding area enhances functionality and could either support new construction plans or facilitate the creation of an enclosed garden space. Fovant itself is strategically located approximately midway between Salisbury and Shaftesbury (each about 11 miles away). Although positioned along the A30, much of the plot is shielded from traffic by mature shrubbery and trees. The village provides essential amenities including a local pub, shop, Post Office, and access to beautiful walking routes in the surrounding countryside. Nearby Salisbury boasts more extensive facilities such as supermarkets, reputable schools, diverse shopping options, and numerous dining establishments. Viewing this property allows you to fully appreciate its potential as both a home and an investment opportunity in this serene Wiltshire locale.

Investment Analysis

(SP3 area)
Area Average
£359/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (SP3)

Area prices are falling by +8.6% over the last 12 months
3 year growth: -8.0%
5 year growth: 15.5%
Investment Disclaimer: Analysis based on SP3 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

Fovant, Salisbury, SP3
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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
£732
Based on a loan of £149,962 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