1-bedroom flat · SP2 7TE
Sold STCListed 191 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An extremely rare opportunity to buy an attached building comprising a recently refurbished first and second floor maisonette as well as two ground floor offices/workshop/studios.
The maisonette is a beautifully presented one bedroom property with double glazing and gas heating, the property has recently undergone full refurbishment with new kitchen and bathroom and is ready for immediate accommodation.
The ground floor spaces have power and light along with water, these have a whole host of potential uses with the possibility of creating a further small residential unit (subject to planning).
Directions - Proceed to Fisherton Street where Water Lane can be found. After a short time the gate for Riverside Views can be found on your right.
Front Door To: - Entrance Lobby - Living Space/Kitchen - 6.6m x 4m (21'7" x 13'1" ) - Double glazed windows to front and side. Two radiators.
Kitchen comprises matching wall and base units with worksurface over. Inset electric hob with extractor hood over, with oven under. Integral slimline dishwasher, fridge/freezer.
Concealed gas combination boiler, inset 1 ¼ bowl sink unit with mixer tap. Ceiling spotlights and wooden parquet style flooring. Second Floor Landing - Ceiling spotlights.
Bedroom - 4.55m x 4.4m max (14'11" x 14'5" max ) - Double glazed window to rear, radiator, access to loft space and ceiling spotlights.
Bathroom - 2.75m x 1.8m (9'0" x 5'10" ) - Beautifully fitted suite comprising concealed cistern WC, vanity basin and double width shower enclosure with thermostatic controls and tiled splashbacks.
Heated towel rail, light up mirror, obscure double glazed window extractor fan and ceiling spotlights. Store 1 - 6.1m x 4m (20'0" x 13'1" ) - Power and light with sub meter. Water.
Store 2 - 4m x 3.1m (13'1" x 10'2" ) - Power and light. Double glazed window to rear. Outside - The property is approached by a private path from Water Lane.
The paved path leads to a covered set of private stairs to the front door with courtesy and PIR lighting, outside tap. Space for pots or bicycle storage.
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 Water Lane, Salisbury
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