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See how verdicts work1-bedroom flat · SP2 8JA
Sold STCListed 51 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***VACANT POSSESSION*** A one-bedroom second-floor flat positioned with views over the neighbouring green space.
Located in the popular area of Harnham, on the southern side of the city, residents can look forward to great access to nearby amenities including a local shop, public transport links, and excellent countryside walks available from the doorstep.
The block is accessed via a secure door leading into the communal hallway.
Stairs ascend to the second floor where the property comprises a sitting room, kitchen with space for a range of appliances, the double bedroom, and the bathroom.
The interior offers great scope for modernisation and enhancements throughout, with the property benefitting from newly installed windows and cavity wall insulation.
There is also a communal walled yard to the rear with access to a private shed for practical storage.
Residents of Essex Square will benefit from its excellent proximity to the Harnham Town Path which provides peaceful pedestrian access into the city centre via Elizabeth Gardens and the local Old Mill pub with its lovely setting by the water.
The Historic City of Salisbury offers a 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 School, South Wilts Grammar School, Godolphin School, and Leehurst Swan.
Leisure and recreational facilities include the very 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 for those who enjoy a range of outdoor pursuits.
Lease Details: There are approximately 86 years remaining on the lease. There is a ground rent of £10 per annum with service charges varying from £100-£400 over the last 5 years.
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.
Area
Agent & docs

FAQ
About Essex Square, Salisbury, SP2
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