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Princes Hill, Redlynch, Salisbury SP5 - Image 1
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Princes Hill, Redlynch, Salisbury SP5

South West

£875,000
Listed on 14/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
2413 sqft

Description

This Grade II listed detached cottage presents a unique opportunity for renovation and investment in the desirable village of Redlynch, set on a generous plot exceeding half an acre. With planning permission already granted for the construction of a two-storey extension at the rear, this property is primed for expansion and modernization while retaining its period charm. The current layout spans approximately 2,413 square feet and features multiple reception rooms with characterful Inglenook fireplaces, providing scope for reconfiguration or enhancement to suit contemporary living standards. The well-proportioned bedrooms on the first floor, including one with an en suite shower room, offer potential for updates. The beautifully maintained gardens surround the home and back onto open farmland, creating a tranquil setting that enhances its appeal as a residential investment. This property is ideally situated within reach of local amenities and transport links, making it a promising project for those looking to capitalize on both lifestyle and value in this vibrant community.

Investment Analysis

(SP5 area)

Below Market Value

This property is priced -7.9% below area average per sq ft

-7.9%
Potential saving
This Property
£363/sq ft
Area Average
£394/sq ft
Avg Rent (weekly)
£345
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£1,044,865
10% above area average per sq ft
Potential ROI
+8.3%
After renovation
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

Princes Hill, Redlynch, Salisbury SP5
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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
£3,205
Based on a loan of £656,250 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