Modern Method of Auction
Auction date not yet published
1-bedroom flat · SP4 6SL
For saleListed 26 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Beautifully presented one bed apartment with a spacious balcony and an allocated parking space located in the popular area of Longhedge.
The open plan living accommodation provides a bright & airy modern, stylish space with plenty of room for lounge & dining furniture & a generous size kitchen.
Description Located on the top floor of this modern purpose built block in the popular area of Longhedge, which offers nearby local shops, bus stops and excellent road links to Salisbury, Amesbury and the surrounding areas.
The accommodation is beautifully presented and includes an excellent size balcony with room for a table & chairs.
The living accommodation is open plan and is dual aspect so provides a really bright and airy room.
There is plenty of space for lounge and dining furniture and the kitchen area is very spacious with lots of built in storage.
The bedroom is a nice size double room with lots of room for a double bed and wardrobes. The modern bathroom completes the very impressive size accommodation.
Outside the property benefits from an allocated parking space and there are visitor spaces too. An internal viewing is highly recommended to fully appreciate this home.
Auctioneer's Comments This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT.
This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property.
The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.
A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack.
Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.
These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Communal Front Door Security entry phone system opening to the communal hallway Communal Hallway Stairs to the first floor (top floor) where the apartment is located Accomodation Entrance Hall Storage cupboard, loft access, security entry phone, radiator Lounge/Dining Room/Kitchen Large open plan modern stylish accommodation with dual aspect windows Lounge/dining room area Large double glazed patio doors opening to the balcony, two radiators, plenty of space for lounge and dining furniture Kitchen Two double glazed windows to the front Modern kitchen with sink unit and cupboard below, further wide range of modern matching wall and base level cupboards with roll edge worktop surfaces over, built in oven & hob, dishwasher and fridge/freezer, plumbing for washing machine Balcony The balcony is an excellent size with plenty of space for table and chairs to provide a really nice outdoor seating area Bedroom Two double glazed windows, radiator, plenty of room for a double bed and wardrobes and further bedroom furniture Bathroom Obscure double glazed window, panel enclosed bath with shower over, low level W.C, wash hand basin, heated towel rail Allocated Parking Outside the property has its own allocated parking space within the car park and there are further visitor spaces available.
Agents Note The sellers of the property have informed us ground rent £286 per year service charge £1571.84 per year lease length 999 years from 27 Sept 2016 We currently hold lease details as displayed above, should you require further information please contact the branch.
Please note additional fees could be incurred for items such as leasehold packs. 1.
Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 16, Mcnamara Street, Salisbury
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