1-bedroom flat · PO33 2NQ
Let agreedListed 69 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This delightful, one bedroom basement apartment is available now on a long let, and offers spacious accommodation and small courtyard garden areas to the front and rear, plus use of a communal garden and bin store area.
The property comprises of a courtyard entrance area, a small porch area, ideal for coats and shoes, a spacious lounge.
Off of the lounge is a good size double bedroom, a long kitchen and a bathroom with bath and shower over. In the kitchen, the fridge and washing machine will remain.
Please note, there are steps at the front and rear of this property. Full references will be required. Deposit £775.
A holding deposit will become due once accepted prior to full reference being submitted. The holding deposit is £100 or 1 weeks rent (whichever is lesser).
This is non-refundable if tenant chooses not to continue with tenancy application and agreement. For unsuccessful applications, the holding deposit will be returned in full.
For successful applicants the holding deposit will then be deducted from the 1st month rent amount due for the tenancy agreement.
Porch Area Lounge Bedroom One Kitchen Bathroom Courtyard garden Private use of this area, accessed via kitchen. Steps to communal garden.
Communal Garden Garden area with drying space. Bin area and access through to front of building to take bins to front.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
Agent & docs
FAQ
About Basement Flat, 18 Lind Street, Ryde, Isle Of Wight
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