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See how verdicts work3-bedroom flat · PO31 7QJ
For saleReduced £130k (−17.9%) on 21 JunListed 535 days
Opportunity summary
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About
Occupying a prime waterfront position, a contemporary three-bedroom apartment with unrivalled views over the Harbour entrance and Solent. Apt.
20, Number One, The Parade A superb third floor apartment with lift and stair access, constructed in around 2007 with a particularly impressive open-plan kitchen/living room with balcony providing exceptional views.
With good quality fittings throughout, the apartment has had light use by one owner since new so is presented to a high standard.
Number One The Parade is situated in a prime position on Cowes Parade, perfectly located for watching the sailing races off Cowes as well as shipping movements along The Solent.
The apartment is within easy walking distance of the wide array of shops and restaurants and a short walk of the High Street and Redjet ferry service to Southampton.
Situated approximately 100 metres from The Royal Yacht Squadron, it is within an easy walk of all the principal yacht clubs within this international sailing mecca.
The apartments are accessed via a secure gated entrance into a landscaped courtyard to the rear of the building. There is a storage locker on the lower ground floor in addition to a communal gym.
Accommodation Front door opening to: Entrance hall With oak flooring. Coat cupboard and storage cupboard. Airing cupboard housing hot water tank with slatted shelving.
Kitchen/living room An exceptional room with deep windows across the seaward elevation providing panoramic views across the Harbour entrance and to the Hampshire coast.
Two sets of glazed doors open to the balcony with its glazed balustrades from which the views extend to The Royal Yacht Squadron.
The kitchen area comprises a range of base and wall cupboards with granite worksurfaces, stainless steel sink unit and a range of neff appliances including a double oven, four-ring ceramic hob with extractor over, microwave, dishwasher, fridge-freezer and washer-dryer.
The room incorporates both generous seating and dining areas from which the views can be enjoyed and has oak flooring throughout with underfloor heating.
Shower room Tiled throughout with shower, washbasin, WC and heated towel rail. Bedroom 3 Built-in cupboards and an outlook over the courtyard.
Bedroom 1 Double bedroom with built-in cupboards and outlook over the courtyard. Bedroom 2 Double bedroom overlooking the courtyard.
Bathroom Tiled throughout with bath and separate shower over with shower screen, washbasin, WC and heated towel rail. General information Services Mains water, electricity and drainage.
Electric underfloor heating. Tenure 999 year lease from 2007 and share of the freehold. Service charge of £1800 per annum inclusive of building insurance. EPC Rating C. Postcode PO31 7QJ.
Council tax Band G. Viewings All viewings will be strictly by prior arrangement with the sole selling agents, Spence Willard. Important notice: 1.
Particulars: These particulars are not an offer or contract, nor part of one.
You should not rely on statements by Spence Willard in the particulars or by word of mouth or in writing ('information') as being factually accurate about the property, its condition or its value.
Neither Spence Willard nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s).
2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. 3.
Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained.
A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4.
VAT: The VAT position relating to the property may change without notice.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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.
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About Apt. 20, Number One, The Parade, Cowes
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