Refurbishment project with rental potential near Salisbury transport links.
First-floor two-bedroom flat, approximately 711 sq ft
A first-floor, two-bedroom flat of about 711 sq ft in Churchill Court, Wilton, offered with no onward chain. The accommodation includes lounge with balcony, kitchen, bathroom and communal parking. The block dates from the late 1960s/1970s and the flat requires full refurbishment throughout.
This property is presented plainly as an investment or project purchase: after a full refurbishment the current estimate for gross rental income is circa £1,000 pcm. Practical positives include communal off-street parking, double glazing, mains gas central heating and a below-average service charge of around £350 per year.
Material drawbacks are clear and should be considered when viewing: there is a high flooding risk for the area, the property is leasehold with about 82 years remaining, and the flat needs significant renovation work. Ground rent is nominal (£10) but additional leasehold fees and packs may apply. Buyers should verify lease and permissive costs and obtain specialist advice on flood mitigation and mortgageability.
For an investor or buyer prepared to renovate, the flat offers straightforward rental potential in a small town setting three miles from Salisbury. The location provides local shops, regular buses and rail links from Salisbury to larger centres, which supports lettability once upgraded.
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