2-bedroom flat · SP2 9GW
For saleListed 56 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within the highly sought-after St Peter's Place development in Salisbury, this exceptionally well-presented two-bedroom first floor apartment offers stylish and contemporary living throughout.
The accommodation is situated on the first floor accessed via a spacious entrance hall with useful storage and leads to a bright and impressive open-plan kitchen/living room, creating the perfect space for both relaxing and entertaining.
The modern fitted kitchen is well-equipped with ample worktop and cupboard space, seamlessly flowing into the living area.
There are two well-proportioned bedrooms, including a generous principal bedroom and a versatile second bedroom suitable for guests, a home office, or nursery.
The apartment is served by a modern family bathroom fitted with a contemporary white suite.
Presented in modern condition throughout, the property benefits from a practical layout, good natural light, and approximately 638 sq. Ft. (59.3 sq. M.) of internal accommodation.
This is a fantastic opportunity to get onto the property ladder and we are delighted to currently offer this choice of homes at St.Peters Place, Salisbury.
St Peters Place boasts a pleasant rural location just to the north of the historic city of Salisbury making it an ideal choice for those wishing to be in beautiful surroundings whilst being close to the bustle of a city centre.
Salisbury City Centre and its medieval layout of the streets make it an excellent place to shop, there are a variety of shops, small and large, chained and independent, so something for everyone.
For those who enjoy the outdoors, St Peters Place offers endless outdoor leisure opportunities from boating on the beautiful River Avon to walking and mountain biking across the Salisbury Plain and the nearby countryside.
Salisbury offers a number of nearby Health and Fitness clubs along with Golf Courses. St Peters Place is excellent for commuters with convenient links to both the A36 and A303.
Access to Salisbury City centre via the A360 is also easy.
To avoid city centre traffic, the city's first park and ride is now operational and cycle lane provisions have also been implemented in and around the city.
Ideal for those with children, there are several primary and secondary schools within easy reach giving you a wide choice of excellent schools for all ages.
If you'd like to live somewhere with a peaceful rural feel, but enjoy being close to a larger city, then St Peters Place could be your perfect place to set up home.
Example: Full Market Value: £217,000 25% Share Price: £54,250 Rent on un-owned share £400.42 pcm Management charge £20.83 pcm. You may purchase a higher share should you qualify to.
*The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment.
With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase.
The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.
When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
Please note, as a Shared Ownership purchase there are likely to be additional legal fees during the conveyancing process, your solicitor can advise you of these.
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.
Area
Agent & docs
FAQ
About 11, Preston Crescent, Wiltshire
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