We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · SP5 3FB
For saleReduced £25k (−10%) on 27 OctListed 130 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***WATCH THE VIDEO TOUR*** NO ONWARD CHAIN*** A beautifully presented and exceptionally well-maintained first-floor apartment, forming part of the exclusive Tannery development in the heart of the sought-after village of Downton.
Offering spacious and thoughtfully designed accommodation, this impressive home features two generous double bedrooms, a private balcony, allocated parking and high-quality fittings throughout.
Originally transformed by the renowned developer Beechcroft Homes, The Tannery occupies a unique position within the village and represents an attractive blend of heritage and contemporary living.
The development is set within easy walking distance of Downton’s excellent range of amenities and enjoys a peaceful setting with well-maintained communal areas and secure entry systems.
Accessed via a secure communal entrance hall with both lift and staircase access to allfloors, the apartment opens into a welcoming private entrance hall with useful built-in storage and entry phone system.
The principal reception space is a particularly attractive feature of the property.
The spacious sitting room enjoys excellent natural light through two rear-facing windows and French doors opening onto the private balcony, creating a bright and inviting living environment.
A separate study or music area adjoins the sitting room, providing an ideal space for home working, reading or hobbies.
The kitchen/dining room is fitted to a high standard with an excellent range of contemporary wall and base units complemented by quality work surfaces and integrated Bosch appliances, including an oven, ceramic hob, extractor hood, dishwasher, washing machine, fridge and freezer.
Ample space is provided for dining, making this an ideal room for both everyday living and entertaining.
The principal bedroom is a generous double room benefiting from fitted wardrobes and a stylish en suite shower room.
Finished to an excellent standard, the en suite features a large shower enclosure, wash hand basin, WC and heated towel rail.
Bedroom two is another well-proportioned double bedroom with fitted wardrobes and direct access to the balcony via French doors, offering flexibility for guests, family members or those seeking additional reception space.
The family bathroom is beautifully appointed with a contemporary white suite comprising a panelled bath with shower attachment, wash hand basin and WC, complemented by attractive tiling, heated towel rail and a useful airing cupboard.
Throughout the apartment, underfloor heating provides efficient and comfortable warmth, while double glazing and quality finishes enhance the overall sense of comfort and practicality.
Externally, the property benefits from a private balcony accessed from both the sitting room and second bedroom, providing a pleasant outdoor seating area.
In addition, there is an allocated parking space within the residents' car park.
Downton is a thriving and historic village situated in the picturesque Avon Valley, approximately seven miles south of Salisbury and on the edge of the New Forest National Park.
The village offers an excellent range of day-to-day amenities including independent shops, cafés, public houses, a library, doctors' surgery, leisure centre and highly regarded schools.
The surrounding countryside provides outstanding opportunities for walking, cycling and outdoor pursuits, while Salisbury offers a wider range of cultural, educational and retail facilities together with mainline rail services to London Waterloo.
Combining generous proportions, quality finishes and a highly desirable village location, this outstanding apartment offers an exceptional opportunity for those seeking a stylish and low-maintenance home within one of the area's most sought-after communities.
Lease & Service Charge The length of leasehold is 999 years from 24.3.84 The yearly service charge amount as of 1.4.26 is £3,400.84 Measurements Sitting Room 4.72m (15'6) narrowing to 14'10 x 3.78m (12'5) Study 1.96m (6'5) maximum x 1.88m (6'2) Kitchen/Diner 3.35m (11') x 2.84m (9'4) Bedroom 1 5.11m (16'9) (narrowing to 12'7) x 3.4m (11'2) narrowing to 9'9 Bedroom 2 3.4m (11'2) x 3.28m (10'9) Services The property is connected to mains water, drainage and electricity.
Material Information Under current legislation, as set out in the Consumer Protection from Unfair Trading Regulations 2008, estate and letting agents have a legal obligation not to omit material information from property listings.
Part A: - Price, tenure, and council tax. (Included) Part B: - Physical characteristics, number of rooms, utilities, and parking.
(Included) Part C: - • Building safety, e.g., unsafe cladding, asbestos, risk of collapse - we understand the property is safe. • Restrictions, e.g.
conservation area, listed building status, tree preservation order - we are not aware of any restriction in this regard. • Rights and easements, e.g.
public rights of way, shared drives - the is a shared drive and we are not aware of any rights of access. • Flood risk - We understand the property is not in a flood risk area.
• Coastal erosion risk - we understand the property is not at risk of coastal erosion. • Planning permission – for the property itself and its immediate locality - we are...
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 The Old Tannery, Downton ***VIDEO TOUR***
Explore nearby