3-bedroom flat · SP1 2AQ
Listing removedReduced £155k (−28.2%) on 6 DecListed 526 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An outstanding three bedroom, top floor lateral apartment with southerly views towards the Cathedral and a gorgeous roof terrace with views over a notable city roofscape.
An absolutely outstanding three bedroom top floor apartment with wonderful views to the south towards Salisbury Cathedral.
With incredibly light and airy accommodation this apartment has over 1550sqft of living space with the kitchen, dining, sitting area being part of one open plan space.
All three of the bedrooms are a good size, the principal of which has its own well appointed bathroom.
The apartment occupies the whole of the top floor and has the benefit of outside space in the form of a paved terrace with lovely rooftop views.
44– 48 New Canal Street is located within the heart of Salisbury's vibrant and historic city centre, just a stone’s throw away from the iconic Cathedral Close and within easy walking distance of all amenities whether you are popping out for a coffee or across to the twice weekly charter market which often occupies the entire market square.
Salisbury boasts a well-thought of Playhouse and a plethora of restaurants including; Cote, Hixon, Tinga and the wonderful Café Divali.
Local shops supermarkets include Marks and Spencer, Sainsburys, Waitrose and Tesco. Coffee shops include. Pret a Manger, Boston Tea Party, Culture Coffee and Sonder.
Popular pubs include, the Haunch of Venison, The Ox Row Inn & The Old Ale House. The newly opened Everyman Cinema is close by and offers a more luxurious cinematic experience.
Shops include: Bradbeers Department Store, Greenfields Gunmakers, Waterstones, Cook, Reeve the Baker and H R Tribbeck and Sons Jewellers.
There is a comprehensive offering of primary and secondary schools in both the private and state sectors.
Salisbury has excellent road links to London and the West Country, Southampton and Bournemouth, and provides direct trains to London Waterloo, Bristol and Bath from Salisbury mainline railway station, which is an easy from the property.
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 Flat 5, 44 New Canal, Salisbury
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