1-bedroom house · SP1 1AL
For saleListed 321 days
Opportunity summary
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About
A superbly presented one-bedroom second floor retirement flat for the over 60's and conveniently situated in the city centre. Superb order throughout. No chain.
The property is a well appointed second (top) floor apartment in a desirable retirement complex for the over 60's The city centre is within easy level walking distance and the apartment is presented in excellent condition throughout and has a pleasant southerly aspect overlooking communal areas and with a view towards the Cathedral spire.
The well proportioned accommodation comprises a large entrance hallway with a useful storage cupboard and a sitting/dining room overlooking part of the communal gardens.
This leads to a well fitted kitchen which has an excellent amount of storage and an integrated electric oven, washing machine, fridge and freezer.
There is a double bedroom which has a double wardrobe with mirror fronted doors. There is also a shower room which has contemporary fittings.
Benefits include PVCu double glazing throughout and there is an energy efficient and economical electric heating system. There is a guest suite which can be hired for a nominal rate by family members.
Other amenities include a house manager, a secure video door entry system, a 24 hour careline support system, use of a car park on a first come, first served basis, lifts, attractive communal gardens and a large owners lounge which hosts a range of activities.
Sarum Lodge lies conveniently close to the Market Square and all the shops and amenities that Salisbury has to offer. There is also a mainline railway station serving London (Waterloo).
The property is also offered to the market 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 Three Swans Chequer, Salisbury
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