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See how verdicts work2-bedroom flat · PO37 6JJ
For saleReduced £8.1k (−5.8%) on 21 JunListed 356 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A "hidden gem" first floor flat being located to the rear of the building and offering easy and convenient access to the town centre, shops and amenities.
Nearby is the picturesque Old Village with it's selection of bars and restaurants. Also close by, is the Big Mead recreation area.
Benefits to the flat include the security entry system, electric heating and replacement uPVC double glazed windows.
We feel the property would equally lend itself for either permanent living or indeed as an investment. We would recommend an early viewing and it is offered to sale with no onward chain.
Ground Floor Communal front door (for Flats 1 & 2 only) with stairs to First Floor Leading to Flat 2 Front Door Entrance hall with electric cupboard, leading to open plan Lounge/Kitchen.
Kitchen Area With built in electric hob, with oven under and extractor unit over. Upright refrigerator and integrated washing machine.
Bedroom One (2.92m max x 2.97m (9'7 max x 9'9)) Bedroom Two (2.54m x 1.93m (8'4 x 6'4)) Shower Room With walk-in shower, wash basin and WC. Heated towel rail. Nb.
Although there is no Parking with the property, there is a long stay public car park within close vicinity on the corner of Orchardleigh road and St.
Johns road and we understand permits are available from the Isle of Wight Council. Applicants should make their own enquiries with regard to cost. Services Mains electricity, water and drainage.
Tenure Leasehold. Details to follow. Council Tax Band A.
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 2, 47a High Street, Shanklin
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