2-bedroom flat · SP1 2NE
Listing removedListed 55 days · slow let
Opportunity summary
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About
A characterful and spacious 2 bedroom top floor flat in the heart of Salisbury's city centre, a stones throw from the historic High Street. Strictly no parking.
40a Silver Street is a light and spacious 2 bedroom flat, situated on the top floor of a four storey Grade II listed building in the city centre, enjoying excellent city-scape views and exceptional access to Salisbury's wide range of amenities.
The front door from Silver Street opens into a hallway with a turned staircase which climbs 3 floors to the apartment, shared only with the retail unit which occupies the 3 lower floors.
The private stairs up to the 4th floor leads to the flat entrance, opening to the long entrance hallway which runs the length of the flat with doors to all rooms and additional stairs down to the bedrooms.
The sizable kitchen/breakfast room is naturally divided into 2 areas, with a good selection of units and white goods included, and ample space for table and chairs.
Opposite the kitchen is the large sitting room with a feature chimney breast and window to the rear giving excellent views of St Thomas's Church.
The brand new bathroom is just off the entrance, featuring a good sized walk in shower and modern white suite.
The bedrooms are both large double rooms, equally spacious with good views on either side and exposed wooden beams.
Silver Street is a primarily commercial area in the historic heart of the city of Salisbury which has an excellent range of facilities – shopping, leisure, educational and cultural as well as the well thought of Playhouse and the market square which has a twice weekly charter market.
There are a number of primary and secondary schools, both private and state, including boys and girls grammar schools.
Salisbury has excellent road links to London, Southampton and Bournemouth, and provides direct trains to London Waterloo from Salisbury mainline railway station (journey time approximately 90 minutes).
There is no dedicated or permit parking available.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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.
Area
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FAQ
About 40a, Silver Street, Salisbury
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