2-bedroom flat · PO37 6FF
For saleListed 21 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well presented retirement apartment forms part of a purpose built complex designed specifically for people over the age of 55.
Constructed in 2014 'Beatrice Court' is conveniently located a short walk from the beach and is within easy reach of Shanklin town centre.
Residents enjoy well managed facilities including a lift to all floors, a modern communal lounge, laundry room, residents parking, and an on-site home manager along with a 24hrs care line if required.
There is a guests suite which can be used on a pre booking basis for visiting family at a discounted nightly rate.
This apartment is only one of only a handful of 2 bedroom units in the block and is located on the first floor at the front of the block - so the sunny side - and has a gorgeous outlook from the Lounge, where you can watch the world go by.
The separate kitchen has built in appliances and the shower room is a good size with walk in cubicle.
Overall this is a fabulous retirement property which is perfect for anyone wanting peace, quiet and security.
Entrance Hall Living Room (5.13m x 3.78m) 16'10'' x 12'05'' Kitchen (2.51m x 2.34m) 8'03'' x 7'08'' Bedroom 1 (4.14m x 2.67m) 13'07'' x 8'09'' Bedroom 2 (2.74m x 2.36m) 9' x 7'09'' Shower Room (2.4m x 1.6m) 7'10'' x 5'03'' Block Facilities - Communal Residents Lounge - Communal Laundry Room - Communal Parking Spaces - Mobility Scooter Park to rear - Part Time House Manager - 9am - 12pm Services - Electric Heating Tenure Leasehold (125 years from 22/10/2015) Service Charge £3600 Per Annum Ground Rent £550 Per Annum EPC B 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 + 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
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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 Apartment 16, Beatrice Court, 16, Hope Road, Isle of Wight
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