2-bedroom flat
For saleListed 8 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** chain free ***A well presented purpose built ground level apartment forming part of the sought after Eastcliff Court development that is well located just off Shanklin cliff path.
The property is within close proximity of the sandy beaches of the Esplanade and about one third of a mile distant is the Town Centre with its selection of shops and amenities.
The owners have considerably upgraded the apartment in recent times and features include refitted kitchen and shower room suites, redecoration, new floor coverings, new boiler and radiators, new electric circuit board and new patio doors.
Additional benefits include gas fired central heating, replacement uPVC double glazing, a lift, a balcony enjoying some sea views, a security entry system, communal gardens and a private garage.
To fully appreciate this super apartment we would recommend an internal viewing.
It comprises: Entrance Hall Dining Area (2.54m x 2.90m (8'4 x 9'6)) Opening to Lounge (4.32m max x 4.27m (14'2 max x 14')) With background sea views.
Door to Covered Balcony Kitchen (2.67m x2.92m (8'9 x9'7)) With grey stone effect worktops with white gloss faced wall and base units. Space for fridge freezer and plumbed recess for washing machine.
Electric hob and oven with extractor unit over. Matching back boards. Glow Worm gas fired boiler.
Bedroom 1 (3.96m x 2.74m (13' x 9')) With uPVC double glazed sliding patio doors to covered balcony with sea views towards Sandown Bay and Culver beyond. Fitted mirrored wardrobe cupboards.
Bedroom 2 (3.33m x 2.92m (10'11 x 9'7 )) With sea views and fitted wardrobe cupboards. Shower Room With double width shower cubicle, wash basin and WC. Fully tiled walls.
Outside Eastcliff Court has communal gardens to the cliff path side and there is also an access gate onto the path. In the communal Entrance Hall there is an allocated store cupboard.
Driveway leading to a single garage with up and over door, power and light. Services All mains are available. Tenure Held on the balance of a 999 year lease from September 1998.
We understand that the current service charge is £1500 p.a. Including a share of the buildings insurance premium and managing agent fees. £100 reserve charge. Council Tax Band D
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
Agent & docs
FAQ
About Crescent Road, Shanklin
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