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See how verdicts work2-bedroom flat · SP2 9GW
Sold STCListed 52 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Just released for sale! Secure your new shared ownership apartment today.
Welcome to St Peters Place, Salisbury, a development offering two styles of two bedroom apartments each within a block of only six homes arranged on the ground, first and second floors with initial shares from 25% - 75%.
Shared ownership 2 bedroom apartment now available to purchase at a 25% share at £53,750 with a minimum 5% mortgage deposit of £2687.50.
Full market value £215,000 This apartment comes with two allocated parking bays.
Upon entering the apartment, in to the entrance hall, is a built in storage cupboard and further cupboard housing the air source heat cylinder with doors leading to the open plan living / dining / kitchen.
The kitchen area has matching units with oak style work tops over and matching upstands, space for fridge freezer and plumbing for washing machine and double glazed window.
The living / dining area has Tiv point and double glazed patio doors opening to the Juliette balcony.
Both bedrooms benefit from a double glazed window with the bathroom having a white 3 piece suite with shower over bath and shower screen.
Flooring is provided throughout with carpets to all living areas, stairs, landing and hallway and Vinyl flooring to wet areas. Heating is provided via air source heating.
This home comes with two parking spaces. This is a fantastic opportunity to get onto the property ladder and we are delighted to currently offer this choice of homes at St.Peters Place, Salisbury.
St Peters Place boasts a pleasant rural location just to the north of the historic city of Salisbury making it an ideal choice for those wishing to be in beautiful surroundings whilst being close to the bustle of a city centre.
Salisbury City Centre and its medieval layout of the streets make it an excellent place to shop, there are a variety of shops, small and large, chained and independent, so something for everyone.
For those who enjoy the outdoors, St Peters Place offers endless outdoor leisure opportunities from boating on the beautiful River Avon to walking and mountain biking across the Salisbury Plain and the nearby countryside.
Salisbury offers a number of nearby Health and Fitness clubs along with Golf Courses. St Peters Place is excellent for commuters with convenient links to both the A36 and A303.
Access to Salisbury City centre via the A360 is also easy.
To avoid city centre traffic, the city's first park and ride is now operational and cycle lane provisions have also been implemented in and around the city.
Ideal for those with children, there are several primary and secondary schools within easy reach giving you a wide choice of excellent schools for all ages.
If you'd like to live somewhere with a peaceful rural feel, but enjoy being close to a larger city, then St Peters Place could be your perfect place to set up home.
Financial Breakdown: Full market value: £215,000 Example 25% share value: £53,750 5% deposit: £2687.50 Rent charged on unowned share : 2.75% Rent on unowned share (50%) : £369.53 per month What is Shared Ownership?
Shared Ownership offers you the chance to buy a share of your home (between 25% and 75%) and pay rent on the remaining share.
Later on, you could buy bigger shares when you can afford to and, if you chose, own the property outright.
Monthly costs to purchase via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.
*Please note these breakdowns are for example purposes only and the figures may change to reflect your own circumstances and market movement.
In order to receive an accurate breakdown please get in touch and we will have this arranged.
* Photos, floorplans and measurements are indicative of the development and include current & previous phases and should only be used for information purposes and may not represent a true likeness for the units being sold, specification is used as a guide only and is subject to change during the build process these details must not be relied upon *
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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.
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