2-bedroom flat · PO30 5UN
For saleListed 230 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An opportunity to purchase a beautiful 2-bedroom apartment in Somers Brook Court, a development of 58 assisted living apartments for the over 70's.
The home which is warmed by underfloor heating and is fully double glazed, offers well presented, spacious, light and airy accommodation comprising, entrance hall, living room with balcony, kitchen, double bedroom with a fitted wardrobe and Juliet balcony, second bedroom and a large bathroom.
On site facilities include a 24 hour emergency call system and 365 days a year on site staffing, camera entry system, function room, guest suite, homeowners lounge, landscaped gardens, a table service restaurant and a lift to all floors.
The town centre of Newport is just a short walk away and offers a wide variety of shops and amenities, whilst Sainsbury's supermarket is just across the road.
Entrance Hall Living Room 4.8m x 3.7m Kitchen 2.1m x 2.6m Bedroom 1 4m x 2.8m Bedroom 2 4.8m 2.2m Bathroom 2.8m x 1.8m Heating Under floor heating to all rooms with individual thermostats.
Leasehold 125 Years from 2014 Service Charge: TBC Ground Rent: TBC Council Tax Band 'B' Please note Successful buyers will be required to complete online identity checks provided by Lifetime Legal.
The cost of these checks is £80 plus VAT per purchase which is paid in advance, directly to Lifetime Legal.
This charge verifies your identity in line with our obligations as agreed with HMRC and includes mover protection insurance to protect against the cost of an abortive purchase.
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
Agent & docs
FAQ
About Foxes Road, Newport, Isle of Wight
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