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See how verdicts work2-bedroom house · SP2 7FS
For saleListed 197 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A first floor retirement apartment for the over 55's. Superb order throughout having never been lived in since construction with open plan living space, two balcony areas and two bedrooms.
No onward chain. A modern two double bedroom retirement flat situated on the first floor of this modern block within the Platinum Skies retirement village which is exclusively for the over 55's.
The property is "as new" as it has never been inhabited since being built.
Situated within convenient distance of the city centre, the development offers a range of amenities which include communal garden areas, an on-site bistro and communal lounge areas, designed to encourage a community feel.
There is a guest suite, treatment rooms, a well-being studio and planned activities on a daily basis, all with the convenience of an on-site manager.
The apartment is offered on a 50% shared ownership basis with monthly rent for the remaining share being £638.
The open plan accommodation has a high specification and the building is accessed via an entrance intercom system and there is a lift within the communal entrance hallway.
There is an entrance hall which leads to all the rooms.
The large sitting/dining room has a kitchen area which has a good range of integrated appliances including an electric oven, microwave, fridge/freezer and hob.
There are two sets of sliding patio doors leading to two balcony areas. There are two bedrooms with the main bedroom having a fitted wardrobe and a full height window.
The second bedroom also has a full height window and both enjoy a southerly aspect. There is also a good size shower room.
There is underfloor heating (with all rooms having separate thermostat controls), oak veneer doors, double glazing and a secure video access entry system.
A further benefit is an allocated parking space which incurs an annual fee. The development lies off the Wilton road which is near to the city centre and railway station.
A regular bus service runs along the Wilton Road. Nearby amenities include local stores including a Tesco Express and Waitrose.
Designed as a safe and interactive community, the development offers an excellent lifestyle and the apartment is offered with no onward chain.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 Fountain Way, Salisbury
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