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See how verdicts work1-bedroom flat · PO31 8BT
For saleReduced £8k (−5.4%) on 26 OctListed 435 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautifully presented, rarely available, one bedroom retirement apartment with its own immediate access through French doors to the garden and private terrace with Solent views.
This access allows entry to the apartment without going through the communal entrance.
This home forms part of a purpose built development on Egypt Esplanade with an easy stroll to the seafront and flat walk to all the shops and restaurants of Cowes town centre one way and Gurnard the other.
Briary Court has attractive communal gardens, an indoor heated swimming pool for residents (and their guests), communal lounge, laundry facilities and a house manager.
Being on the ground floor all those amenities are easily available to the apartment. The apartment enjoys double glazing and electric heating. VIEWING IS HIGHLY RECOMMENDED.
Communal Entrance door with security entry phone to: Main Hallway - Access to Residents Lounge, Laundry facilities and Swimming Pool. Entrance door to Flat 24.
Entrance Hall - Built in storage cupboard housing water tank. Doors off to: Bedroom - 2.65m x 4.25m (8'8" x 13'11") - Double glazed window to side. Built in wardrobes. Modern electric wall heater.
Two wall lights. Bathroom - White suite comprising walk in bath with chrome mixer taps and Mira electric shower over. Low level WC. Vanity washbasin with storage cupboards under.
Fully tiled walls and vinyl flooring. Living Area - 3.23m x 5.29m (10'7" x 17'4") - A spacious area with white feature fireplace and electric fire.
Double glazed French windows opening out to patio with some sea views. Carpeted flooring throughout the flat.
Kitchen - 2.24m x 1.65m (7'4" x 5'4" ) - The kitchen area is fitted with a range of modern white floor and wall cupboards with bevel edged worktops over and white tiled splashbacks.
Integrated electric oven with electric hob and extractor fan over. Stainless steel sink with chrome mixer tap over. Space for fridge. Further breakfast bar area.
Tiled effect flooring to kitchen area Tenure - This property is Leasehold. Balance of 125 year lease from 1989. Service Charge approximately £3087.00 per annum. Ground Rent £261.00 twice yearly.
Council tax band C.
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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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 Egypt Esplanade, Cowes
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