1-bedroom flat · SP1 2EZ
Listing removedListed 80 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented and spacious 1 bedroom first floor apartment with parking and well-kept communal grounds.
This comfortable and light apartment provides a rare opportunity to rent within the sought after Cathedral Close.
The apartment is accessed via a well kept communal courtyard and common area stairwell, with the private front door opening into a central hallway that leads to all rooms.
The spacious sitting/dining room benefits from a fantastic view over the courtyard and has a electric fireplace for additional heating, alongside other classical styling that continues throughout the apartment.
The well presented kitchen comes equipped with an electric oven/hob and a good selection of floor and wall mounted units.
The bedroom is a good double size with a large built-in wardrobe and cupboard, whilst the bathroom has a full white suite with shower over bath and underfloor heating The apartment is situated within the sought-after development of Sarum St Michael.
Formerly a college, Sarum St Michael consists of several elegant red-brick buildings in a peaceful and private setting within The Close, with well-maintained grounds of about 4 acres with large sweeping lawns, numerous mature trees and a long river frontage to the River Avon and glorious views across the watermeadows.
Each flat has one parking space, in addition to ample visitor parking.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
Agent & docs
FAQ
About 164, The Close, Salisbury
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