3-bedroom terraced house · PO31 7BB
To rentReduced £50 (−3.6%) on 20 OctListed 19 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A modern end of terrace, 3 Bedroom house, with 2 Bathrooms, Garden and Parking - available December 1st - long let - unfurnished. Outskirts of Cowes and Northwood.
Sitting Room (5.24m x 3.28m) Kitchen/Diner (5.21m x 2.97m) Bedroom 1 (3.38m x 2.96m) Bedroom 2 (3.16m x 2.97m) Bedroom 3 (2.14m x 2.00m) Please Read Prospective tenants are required to have a combined income of at least 2.5x the rent to pass affordability checks.
If tenant income does not meet this threshold and/or they have poor credit history they may be required to provide a Guarantor.
Guarantors are required to have an income of at least 3x the rent to pass affordability checks, plus no negative credit history.
Based on the advertised rent of: £1400pcm, the income thresholds are: Tenant(s): £42,000 per year or Guarantor: £50,400 per year We do not discriminate on where income comes from - earnings, benefits, pensions, investments etc are all treated equally.
Parking - Off Street
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
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FAQ
About 24a Place Side, Cowes
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