2-bedroom flat · PO38 1BZ
For saleListed 648 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This impressive traditionally built second floor apartment forms part of a BRAND NEW luxury development, conveniently located just a short walk from Ventnor's charming Victorian town centre, with a selection of popular restaurants, independent shops and convenience stores to choose from.
The esplanade with its cascading waterfall leads to the picturesque seafront with numerous cafés, bars and restaurants, all enjoying fantastic views out to sea.
The famous Royal Hotel offering fine dining and afternoon tea is only minutes away, with the stunning Ventnor Botanic Gardens and miles of coastal walks close by.
The apartment enjoys beautiful sea views and has been finished to a very high specification, including a lounge with access to the private balcony, quality kitchen with fully integrated appliances, a luxury bathroom, 2 double bedrooms, undercover, secure gated parking (optional extra), a lift from the parking area, and a 10-year LABC new-build warranty.
Ventnor is located on the south coast of the Island, easily accessible by car or bus, with a regular service to the Island’s principal town of Newport.
The Island benefits from several ferry crossing points for both vehicular and pedestrian travel to and from the mainland.
Famous as a holiday resort, with its many beaches and family-friendly attractions, the Island is also an ideal place to raise a family, relocate for a more relaxed pace of life or to enjoy retirement by the sea.
The development was completed in early 2023 and viewings are welcome. Contact the sole agent Wrights in Shanklin for more information or to register your interest.
Communal Ground Floor Entrance - Secure video entry system.
Entrance Hall - Living Room/Kitchen Area - 5.18m x 4.78m (17' x 15'8) - Private Balcony - Bedroom 1 - 4.65m x 3.33m max (15'3 x 10'11 max) - Bedroom 2 - 4.06m x 2.59m (13'4 x 8'6) - Bathroom - Secure Underground Parking (Optional Extra) - An allocated parking space in the secure underground parking area can be purchased as an optional extra for £15,000.
There will be a lift directly from the parking area to the second floor. Leasehold Information - The apartment will be issued with a new lease, terms and service charges to follow.
Services - Unconfirmed: gas, electric, telephone, mains water and drainage. Tenure - Leasehold.
Agents Notes - Our particulars are designed to give a fair description of the property, but if there is any point of special importance to you we will be pleased to check the information for you.
None of the appliances or services have been tested, should you require to have tests carried out, we will be happy to arrange this for you.
Nothing in these particulars is intended to indicate that any carpets or curtains, furnishings or fittings, electrical goods (whether wired in or not), gas fires or light fitments, or any other fixtures not expressly included, are part of the property offered for sale.
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
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FAQ
About Fantastic Sea Views * Ventnor
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