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See how verdicts work2-bedroom terraced house · SP2 7TE
Sold STCListed 134 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautifully presented and characterful two bedroom cottage quietly located in this pedestrianised riverside location.
5 Water Lane is a quaint yet practical property which, along with its location, can only be appreciated by a viewing.
The property has been tastefully modernised with all doors and widows refitted in June 2020, offering a fantastic blend of character with modern convenience.
Accommodation comprises entrance lobby, modern fitted kitchen, open plan living space with doors to the rear garden, two well proportioned bedrooms, refitted fourpiece bathroom with separate shower and useful loft room with Cathedral views.
The rear garden is an attractive courtyard which is surprisingly peaceful for such a central setting.
Water Lane is a lovely terrace overlooking a tributary of the River Avon, the tranquil setting belies its central location with all the city centre’s amenities, including the railway station, within walking distance.
This is a rare opportunity to acquire such a charming property in a lovely location, an internal viewing is highly advised.
Directions - Water Lane runs between Fisherton Street and Crane Bridge Street. Entrance Lobby - Stairs to first floor. Wooden style flooring.
Kitchen - 4m x 2.35m (13'1" x 7'8" ) - Refitted matching range of contemporary handle-less wall and base units with worksurface over. Integrated ceramic hob with oven under and extractor hood.
Space for fridge/freezer, washing machine and dishwasher. Inset sink, wall mounted gas boiler, window to front aspect, wooden style flooring and ceiling beams.
Open plan to: Living Room - 5.2m x 3.2m (17'0" x 10'5" ) - Door and windows to the rear garden, wooden style flooring, built in shelving and radiator.
First Floor Landing - Bedroom One - 3.65m x 3.15m (11'11" x 10'4" ) - Window to rear aspect and radiator.
Bedroom Two - 2.8m x 2.6m (9'2" x 8'6" ) - Window to front aspect with river views, built in wardrobe, radiator and doors to loft room.
Bathroom - Well refitted suite comprising panelled bath with mixer/shower tap, concealed cistern WC, vanity basin and walk-in shower enclosure with wet-wall splashbacks.
Loft Room - 2.65m x 1.4m (8'8" x 4'7" ) - Floored with panelled eaves, Velux window to front aspect with lovely view toward Salisbury Cathedral.
Outside - To the rear of the property is a particularly well enclosed and private rear garden with well stocked, raised flower beds. Pedestrian access to side.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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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FAQ
About 5, Water Lane, Salisbury
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