2-bedroom house · SP1 2SU
For saleListed 225 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A ground floor two bedroom apartment for over 55's directly accessing a communal garden and situated near to the city centre. No onward chain.
The property is a well appointed ground floor apartment formed partly from the old Salisbury museum building and has a favoured position within this popular retirement complex for the over 55's.
St Ann Place was developed in 1984 and lies within easy reach of the city centre.
It offers good communal facilities including a magnificent rotunda residents lounge, guest suite, laundry room, communal garden with seating, parking and also a resident manager for the assistance of the residents.
The well proportioned accommodation comprises a communal and private entrance hallway, a sitting/dining room which leads in to the kitchen which has an integrated oven, hob and fridge/freezer.
There are two good size bedrooms both with fitted wardrobes and a shower room.
The apartment is situated to the rear of the block and backs onto the communal, southerly aspect rear garden in to which there is direct access.
It is presented in excellent order throughout and further benefits include gas fired central heating by radiators and double glazing throughout..
There is an entry phone system and alarm pull system in the flat itself. There is a communal parking area for residents and visitors which is used on a 'first come, first served' basis.
The communal garden is laid to lawn with shrubs, trees, flowerbeds and seating. Just outside the sitting room is a small paved area for owner's pots and chairs.
The property is offered with no onward chain.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About St. Ann Place, Salisbury
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