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See how verdicts work2-bedroom semi-detached house · SP2 9GJ
Sold STCListed 217 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***WATCH THE VIDEO TOUR*** Offered on a 40% shared ownership basis, this contemporary two-bedroom Semi-Detached home was built in 2019 by Persimmon Homes and is presented in excellent order throughout, offering a superb blend of modern design, quality finishes, and practical living.Situated on the edge of the city within a quiet street on the edge of the popular St Peter’s Place development, the property benefits from two private parking spaces positioned beside the house, a well-maintained rear garden, and the remainder of the NHBC new homes warranty.
The property has been thoughtfully enhanced by the current owners, as well as a fully landscaped rear garden.The welcoming entrance hall provides access to a cloakroom and leads through to a bright and well-proportioned sitting room with a window to the front aspect, which also benefits from a useful understairs storage cupboard.
To the rear of the property, the stylish kitchen/breakfast room provides an excellent space for everyday living and entertaining, fitted with contemporary units, integrated oven and hob and space for additional white goods.
French doors open directly onto the garden, creating a pleasant connection between the interior and outdoor space.
On the first floor, there are two generous double bedrooms, both well-presented and filled with natural light, along with a modern family bathroom finished to a high standard.
Externally, the rear garden has been attractively landscaped and is beautifully maintained.
It features a decked terrace with pergola, ideal for outdoor dining and entertaining, with the remainder laid mainly to lawn and enclosed by timber fencing for privacy.
A rear gate provides convenient external access, and there is also a useful garden shed for additional storage.
St Peter’s Place is a modern development on the western side of Salisbury, well suited to family life.
The property sits opposite St Peter’s Primary School and is within a five-minute walk of a local park, green space, and a bus stop, with regular buses into the city centre.
A new Tesco store is also being built nearby for added convenience.The city centre and the market town of Wilton are both easily accessible, with countryside close by for walks and outdoor living.
Lease/Rent/Service Charge There is a service Charge of £50.80 per month.
The rent for the remaining 60% Ownership is £429.38 The Lease is 125 years from March 2021 100% Ownership is valued by a RICS qualified valuer at £265,000 (TBC) Services Mains gas, water, electricity and drainage are connected to the property.
Directions Leave Salisbury on the A360 Devizes Road and after approximately 2 miles turn left in to Adlam Way at the roundabout by the primary school signposted to St Peters Place.
Continue along this road and turn right in to Ivie Place and then left in to Chicheley lane. The property can be found on the right hand side.
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.
• 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 not aware of any nearby planning...
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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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
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FAQ
About Chicheley Lane, Salisbury ***SHARED OWNERSHIP***
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