Worst House on the Street Logo
Watergate Lane, Bulford, Salisbury - Image 1
Watergate Lane, Bulford, Salisbury - Image 2
Watergate Lane, Bulford, Salisbury - Image 3
Watergate Lane, Bulford, Salisbury - Image 4
Watergate Lane, Bulford, Salisbury - Image 5
Watergate Lane, Bulford, Salisbury - Image 6
Watergate Lane, Bulford, Salisbury - Image 7
Watergate Lane, Bulford, Salisbury - Image 8
Watergate Lane, Bulford, Salisbury - Image 9
Watergate Lane, Bulford, Salisbury - Image 10
Watergate Lane, Bulford, Salisbury - Image 11
Watergate Lane, Bulford, Salisbury - Image 12
Watergate Lane, Bulford, Salisbury - Image 13
Watergate Lane, Bulford, Salisbury - Image 14
Watergate Lane, Bulford, Salisbury - Image 15
Watergate Lane, Bulford, Salisbury - Image 16
Watergate Lane, Bulford, Salisbury - Image 17
Watergate Lane, Bulford, Salisbury - Image 18

Watergate Lane, Bulford, Salisbury

South West

£190,000

Listed on 09/06/2026

Property Details

Bedrooms
3
Type
Town House
Area
1335 sqft

Description

This property presents a rare investment opportunity, featuring a 3-bedroom cottage alongside a Grade II listed Chapel, both in need of substantial modernisation. The cottage layout includes an entrance hall, sitting room, kitchen, and bathroom on the ground floor, while the first floor houses three bedrooms. With double glazing and electric heating already in place, the cottage offers around 71m² (764ft²) of internal space. The Chapel adds further potential with its generous 120m² (1,288ft²), comprising an entrance hall, WC, worship area with mezzanine level, kitchen, and office. Both structures are ripe for renovation and may offer possibilities for future development subject to planning permissions. Outdoor spaces include gardens at the front and a small courtyard at the back, which could be enhanced to create appealing outdoor areas. This property is situated in Bulford, which benefits from access to local amenities and major road networks.

Investment Analysis

(SP4 area)

Below Market Value

This property is priced -58.1% below area average per sq ft

-58.1%
Potential saving
This Property
£142/sq ft
Area Average
£339/sq ft
Avg Rent (weekly)
£301
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£498,335
10% above area average per sq ft
Potential ROI
+60.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (SP4)

Area prices are stable by +1.2% over the last 12 months
3 year growth: -0.6%
5 year growth: +10.7%
Investment Disclaimer: Analysis based on SP4 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

Watergate Lane, Bulford, Salisbury
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£718
Based on a loan of £142,500 over 30 years at 4.45% 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.

Stamp Duty Calculator

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.