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St. Gregorys Avenue, Salisbury, Wiltshire, SP2

South West

£100,000
Listed on 06/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a compelling development opportunity for those looking to invest in a growing residential area. Spanning approximately 95 square meters, the site currently accommodates a double garage and features an existing driveway, making it an ideal foundation for new construction. The site comes with planning permission for a detached one-bedroom dwelling, enabling potential buyers to capitalize on the demand for housing in this desirable location. The prospect of creating a modern living space can attract both first-time buyers and renters alike, given the area's ongoing appeal. Situated on the western side of the city, this property enjoys convenient access to various local amenities. Residents benefit from reliable public transport options that provide straightforward connections to the city center and Salisbury District Hospital. Additionally, essential services such as schools and convenience stores are located nearby, along with a diverse selection of shops along Wilton Road. Salisbury itself offers an abundance of educational institutions, recreational areas, and shopping opportunities complemented by a vibrant twice-weekly market and a mainline railway station connecting to London Waterloo. This property not only promises immediate renovation potential but also stands as an attractive investment in a thriving community setting.

Investment Analysis

(SP2 area)
Area Average
£337/sq ft
Avg Rent (weekly)
£273
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£120,000 - £180,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (SP2)

Area prices are stable by +1.2% over the last 12 months
3 year growth: 0.0%
5 year growth: 16.1%
Investment Disclaimer: Analysis based on SP2 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

St. Gregorys Avenue, Salisbury, Wiltshire, SP2
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Mortgage Calculator

£
£
£
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%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£366
Based on a loan of £75,000 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