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 work1-bedroom house · SP1 3WE
For saleListed 914 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A second floor one bedroom retirement flat within the main block of this popular retirement development and close to communal facilities. No onward chain.
Description - The property is a one bedroom, second floor retirement flat in a popular development situated within convenient, level walking distance of the city centre.
The flat has use of the communal facilities including a lift, a laundry, residents lounge, car park and well maintained gardens which include a riverside seating area.
There is also a bus stop directly outside on Castle Street.
There is a resident house manager and a 24 hour care response system with emergency pull cords in all rooms and the property benefits from PVCu double glazing and electric heating.
The residents have created a good community spirit and it is an ideal environment for those seeking independent living within a sheltered complex.
The accommodation comprises an entrance hallway, a sitting/dining room which leads to a kitchen. There is a double bedroom with fitted wardrobes and a wet room.
It is a condition of purchase that residents are over the age of 60 years or in the event of a couple, one must be over the age of 60 years and the other over 55 years. NO ONWARD CHAIN.
Property Specifics - The accommodation is arranged as follows, all measurements being approximate: Communal Entrance Hall - Communal fob secure doors.
Entrance Hall - Large storage cupboard housing electric fusebox and meter with hot water cylinder and immersion.
Sitting/Dining Room - 5.49m x 3.30m (18'0" x 10'9") - Wood effect floor, dimplex heater, TV point, glazed doors to; Kitchen - 2.23m x 2.18m (7'3" x 7'1") - Fitted with base and wall units with work surfaces over, sink and drainer, integrated electric oven, hob and extractor, space for fridge and freezer.
Bedroom - 4.50m x 2.74m (14'9" x 8'11") - Window to front, dimplex electric heater, built in wardrobe with mirror fronted doors, telephone point.
Wet Room - Shower area, low level WC, wash hand basin with cupboard under, extractor, fully tiled walls. Tenure - 125 year lease with approximately 99 years remaining.
The ground rent for the half year to 31/8/23 is £126.90 and the half yearly service charge to 31/8/23 is £1172.85.
Outside - To the rear of the block are extremely well tended communal lawns and flower beds with a riverside seated area.
It would be possible to walk to the city centre predominantly along the riverside. There is also a car park for both residents and visitors.
Outgoings - The Council Tax Band is ‘D’ and the payment for the year 2024/2025 payable to Wiltshire Council is £2525.94. Services - Mains water, electricity and drainage are connected to the property.
Directions - From our office in Castle Street proceed away from the city centre and Archers Court can be found on the left hand side opposite the turning for Wyndham Road.
What3words - What3Words reference is: ///latest.minus.apply
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 Archers Court, Salisbury
Explore nearby
