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£765,000 Guide Price
Bedrooms
Bathrooms
Reception
Located on the northern outskirts of the city within the semi-rural village of Stratford-sub-Castle is St Lawrence Close, a hugely popular residential cul-de-sac consisting of only 17 substantial detached dwellings. No 15 is located just off the entrance with an excellent frontage and a large private south facing garden.
In recent years, the property has undergone a programme of updating, improvement and extension resulting in what is now a fine, comfortable family home with spacious accommodation which is light and airy. There is a large welcoming reception hall, living room with working fireplace and a full width picture window overlooking the garden, family room, study, large utility with an adjoining lean-to, cloakroom and shower room.
Off the first floor landing are four generous bedrooms and a family bathroom. If multi-generational or annexe accommodation is required then this could easily be achieved by incorporating the area shaded on the attached floor plan.
15 St Lawrence Close is presented for sale in excellent overall condition, is fully double glazed and centrally heated via a mains gas fired boiler to radiators.
To the front of the property is an expanse of private gravelled drive with parking and turning space for several vehicles and access to an attached garage. To the rear is a large sunny garden which is predominately laid to lawn with mature shrubs and trees and, a large patio/seating area.
TENURE AND SERVICES: Tenure: Freehold. Local Authority: Wiltshire Council. Council Tax Band F: 3,819.63 for year 2025/2026. All mains services connected. Mains Drainage Gas Central Heating. Fully double glazed.
LOCATION: Stratford-Sub-Castle is a suburb on the north western edge of the cathedral city of Salisbury. St Lawrence Close is within easy reach of Salisbury city centre, the local grammar schools and Stratford-sub-Castle Primary School. The city centre has extensive shopping facilities, a thriving market and a good range of social and educational amenities including restaurants, theatre, arts centre, cinema and both state and private primary and secondary schools within and outside the city boundary. Leisure and recreational facilities include the local Salisbury Tennis, Five Rivers Leisure Centre, private members gymnasiums, golf club and recreation ground and two other tennis clubs. Salisbury has good road links to London (A303) Southampton (A36) and Bournemouth (A338) and a mainline rail service to London, Waterloo (journey time 90 minutes) and the West Country.
DIRECTIONS: From the city centre proceed along Castle Street to the main roundabout and continue straight across onto the A345 Castle Road. Continue passing Butts Road on your left hand side and take the left hand slip road at the traffic lights along the Stratford Road. Continue into Stratford-sub-Castle. St Lawrence Close will be found on the left hand side before the village school.
Map location is not available for this property.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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