2-bedroom house · PO36 8HZ
Sold STCReduced £5k (−4%) on 11 AugListed 118 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An older style mid terrace house, being well located just off the Town Centre and offering easy access to shops etc. Also close by is the beach/esplanade and the local schools.
Gas fired central heating, replacement uPVC double glazing. Hall, Lounge/kitchen, Two Bedrooms, Bathroom & WC. Would suit a First Time Buyer or Investment purchaser.
An older style mid-terrace house which is located just off the town centre of Sandown and offering easy access to the local shops, amenities, beach & esplanade.
Also within close proximity is The Heights leisure facility, Medical Centre and the local schools. The property benefits from gas central heating and replacement uPVC double glazing.
We feel it would be of particular interest to either a first time buyer or rental investor.
It comprises: Replacement Front Door To: Lobby Area Open Plan Lounge/Kitchen (5.33m x 3.23m (17'6 x 10'7)) Stairs To First Floor & Landing Bedroom One (3.61m x 3.20m (11'10 x 10'6)) Bedroom Two (2.49m x 2.21m (8'2 x 7'3)) Cupboard housing Potterton gas fired boiler Bathroom Services All mains are available Tenure Leasehold.
With approximately 785 years remaining on the lease. The 4 flat leaseholders are in the process of forming a company to purchase the headlease of the building for £1.
The individual flat leases are not being varied, and nor is the headlease. The buyer can apply to become a member of the company once the flat purchase has completed. 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
FAQ
About 37c, Fitzroy Street, Sandown
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