3-bedroom semi-detached house · SP2 9FF
Sold STCListed 57 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***50% SHARED OWNERSHIP*** An enhanced, and immaculately presented three-bedroom house located on the highly sought-after St. Peter?s Place development.
The property has been owned since new by the current vendors and has been meticulously maintained in that time with tasteful enhancements including built-in storage and a feature media wall.
The property is offered to the market with the options to buy full 100% ownership, or shared ownership currently at 50%. The accommodation is first introduced via the welcoming entrance hall.
This gives access to the kitchen/breakfast room with integrated oven and hob and space for seating, the homely sitting room with bespoke media wall and door to the rear, and the convenient cloakroom.
Upstairs there are three well-proportioned bedrooms, with built-in storage to bedroom two and with the third bedroom currently being utilised as a home office space, which are served by the sleek family bathroom with luxury rainfall shower fitting.
Externally, there is a driveway to the side with space for two cars, with an adjacent area of hardstanding to the front of the plot as well as the option for an EV charger.
To the rear, the door from the door from the sitting room opens to a lovely, enclosed, landscaped garden with a patio area ideal for al fresco seating.
At its perimeter there are raised beds home to a variety of a mature flora and greenery, with the garden also being home to a brick and timber constructed shed for practical storage.
The current rent on the remainng 50% share is £475 per month. The property is situated within the recently established development of St.
Peter's Place, within approximately two miles of the Salisbury city centre. Salisbury offers a great range of amenities.
These include, but are not limited to, supermarkets, high-street shops, bi-weekly markets, copious restaurants, pubs & bars, a theatre, the arts centre, a cinema and renowned state and private schools.
These include Bishop Wordsworth's, South Wilts Grammar School, Godolphin School, and Leehurst Swan.
Leisure and recreational facilities include the nearby Five Rivers Leisure Centre, private members gymnasiums, a golf club, and recreation grounds.
Salisbury train station offers direct commuter links to London Waterloo and the West Country.
Additionally, Salisbury is well-positioned to offer great road links to the coastal cities of Southampton and Bournemouth, as well as routes into the New Forest.
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
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FAQ
About Paisey Grove, Salisbury, SP2
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