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See how verdicts work2-bedroom flat · PO33 1FF
Listing removedReduced £5k (−3.7%) on 4 JulListed 148 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A purpose built 2nd/Top Floor flat being located on the outskirts of Ryde and offering convenient access to the Tesco superstore and Appley Beach.
The accommodation is warmed by electric heating and benefits from uPVC double glazed windows and security entry intercom. Outside is an allocated car parking space. Entrance Hall With airing cupboard.
Lounge/Diner (4.27m x 3.15m (14' x 10'4)) Kitchen (2.82m x 2.79m (9'3 x 9'2)) Bedroom 1 (3.68m x 3.33m (12'1 x 10'11)) With En-Suite WC with corner basin Bedroom 2 (3.51m x 3.43m (11'6" x 11'3")) Irregular shape Bathroom Outside Allocated Off Road Parking for one vehicle.
Services Mains Electric, Water & Drainage Tenure - Leasehold Lease term of 155yrs with 135yrs remaining. The current ground rent is £100 per half year.
The current service charge is £731.20 per half year. Council Tax - Band B
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
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FAQ
About 74, Amherst Place, Ryde
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