2-bedroom flat · SP2 7GJ
Sold STCListed 145 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A modern purpose built two bedroom ground floor flat offered with no onward chain. Sitting/dining room with kitchen area and large shower room.
Benefits also include PVCu DG, electric boiler and an allocated parking space.
The property is a purpose built, modern ground floor apartment which is situated close to the city centre on the popular Spire View development.
It has well proportioned accommodation which leads off a private communal entrance hallway which also has a storage cupboard.
There is a secure entrance intercom system and all the rooms lead from the private entrance hallway which also has an airing cupboard housing the electric boiler and hot water tank.
The L-Shaped reception room has an attractive bay window to the front which looks towards a communal garden area.
There is space in the dining area for a table and chairs and the kitchen units have tiled splashbacks and work surface space.
There is an integrated electric oven, grill and a hob with an extractor over and there is also a washing machine, dishwasher (both included) and space for a fridge/freezer.
The main bedroom has a fitted double wardrobe and the second bedroom has a fitted study desk. There is a large shower room with part tiled walls and an extractor and shaver point.
All the windows are PVCu double glazed and heating is via an electric boiler.
A particular feature of the flat is that the communal entrance hall only serves two properties offering a good degree of privacy.
There is also an allocated parking space in the adjacent car park which can be seen from the property.
The flat is conveniently located on the edge of the development within easy reach of the Waitrose store and is opposite a large communal garden area.
The Spire View development also lies close to the leisure centre and railway station whilst the city centre offers an excellent range of amenities and can be reached by foot and from a nearby bus stop.
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 Spire View, Salisbury
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