2-bedroom flat · SP1 2EY
Listing removedReduced £20k (−4.8%) on 20 JunListed 265 days
Opportunity summary
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About
A wonderful two bedroom second floor apartment set in the heart of Sarum St Michael, within Salisbury’s Iconic Cathedral Close.
Tucked away in the heart of Salisbury’s Cathedral Close is this rarely available, spacious, two bedroom second floor apartment, with the benefit of parking.
The apartment has a homely feel, with neutral décor, generous high ceilings and plenty of light comes in through the large sash windows.
This apartment is accessed via the communal entrance hall, which leads, via stairs to the front door, with a meter cupboard located to the side.
Upon entering, the hallway welcomes you with both a single and a double storage cupboard, as well as access to all rooms within the property.
The living area is a bright room, benefiting from plenty of natural light. The outlook is particularly attractive, offering views over the communal grounds.
The kitchen is fitted with a dated range of floor and wall-mounted units, work surfaces with tiled splashbacks, space & plumbing for the usual appliances.
Both bedrooms are good sized doubles with large sash windows to the southerly aspect.
The bathroom is fitted with a dated suite comprising of a panel bath with shower over, pedestal wash basin, Bidet and WC.
The property sits within approximately three acres of attractive and well maintained communal gardens, which run down to the River Avon, with delightful views over the `Constables Water Meadows`, and the Cathedral.
We understand that Sarum St. Michael retains the fishing rights in the portion of the River Avon adjoining the communal gardens (subject to a rod license and in due season).
Each flat has the right to park one car in the parking spaces, with visitors parking permits available. This lovely property is set within Salisbury's iconic Cathedral Close.
Salisbury's medieval centre is within easy walking distance and boasts a well-thought of Playhouse and busy twice-weekly charter market, with a plethora of restaurants, coffee shops, shopping, and leisure facilities.
Salisbury has excellent road links to London and the West Country (A303), Southampton (A36) and Bournemouth (A338).
Salisbury train station is less than 1 mile away and provides direct trains to London Waterloo (90 mins), Bristol (80 mins) and Bath (60 mins).
Salisbury district hospital is 2 miles away, and Harcourt Medical Centre is 0.5 miles away.
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 137, The Close, Salisbury
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