1-bedroom flat · PO39 0BJ
For saleListed 50 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*chain free* Second floor flat occupying a convenient location on Madeira Road, close to the beautiful beach at Totland Bay and the local shops.
The flat comprises of an open plan living space with fitted kitchen, spacious double bedroom, and modern bathroom. Externally there is a useful store suitable for bikes or paddleboards.
On street parking is readily available on Madeira Road. Madeira Road is a popular spot located less that 5 minutes walk from the beautiful Totland Bay, which boasts its own beachfront restaurant.
'The Waterfront'. From there, you can walk the coast path to the stunning Colwell Bay, home to popular seafood restaurant 'The Hut'.
There are plentiful shops nearby and the nearby village of Freshwater provides a library, sports centre and doctors surgery.
The pretty harbour town of Yarmouth is a circa 5 minute drive away, boasting boutique shops and eateries, as well as a mainland link via car ferry to Lymington. Tenure Leasehold.
New 999 year lease with peppercorn ground rent. Service charge circa £1500 per annum, exact amount to be confirmed.
The service charge will include water supply, buildings insurance and maintenance along with upkeep of communal areas.
Council Tax Band A Open Plan Living (4.98m x 4.67m) 16'4" x 15'4" Bedroom (4.98m x 3.1m) 16'4" x 10'2" Bathroom (3.66m x 1.52m) 12' x 5' Nb.
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
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FAQ
About Flat 4, Egan House,, Madeira Road, Isle of Wight
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