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Lower Street, Harnham ***VERSATILE DEVELOPMENT OPPORTUNITY***

South West

£200,000
Listed on 17/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This property presents a noteworthy opportunity for renovation and development in the desirable area of Harnham. With full planning permission already secured, this site is primed for the construction of a contemporary two-bedroom detached home, making it an ideal project for investors or buyers looking to create a personalized residence. Situated in a tranquil residential neighborhood, the location offers both serenity and proximity to Salisbury's amenities. The property is conveniently close to local shops, schools, and public transport links, enhancing its appeal for future occupants. The demand for quality housing in this area continues to rise, providing an attractive landscape for capital growth. The proposed design consists of a modern layout featuring an open-plan living area that promotes a sense of space and connectivity. It includes two comfortable bedrooms and a thoughtfully designed bathroom, with plans incorporating energy-efficient solutions to minimize environmental impact and ensure long-term cost savings. Given Harnham’s increasing popularity among young professionals, couples, small families, and downsizers, this development stands as a solid investment opportunity. With current trends indicating robust rental yields and resale potential in the region, aspiring homeowners and developers alike may find this project particularly appealing.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
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

Lower Street, Harnham ***VERSATILE 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
£733
Based on a loan of £150,000 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.

Next Steps

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