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See how verdicts work2-bedroom flat · PO33 2GA
For saleListed 198 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Found in the charming recently built Ryde Village, this nearly new first-floor flat is a gem waiting to be discovered.
Boasting a generous reception room overlooking the communal gardens, two inviting bedrooms, and a well appointed and wheelchair friendly shower room/en suite, this property is perfect for those seeking comfort and convenience.
Situated in an over 55's development, this flat is offered on shared ownership basis at a 25% share (£42,500) with options for assisted living, providing a perfect blend of independence and support.
The 75% share will attract rent at £413.52 per month. The well-lit rooms offer a pleasant view of the newly constructed Ryde Village, creating a peaceful ambiance for residents.
Parking is made easy with space for one vehicle, and the secure entry to the building ensures safety and peace of mind.
Residents can enjoy the convenience of lift access to all floors and a communal lounge, perfect for socialising with like-minded neighbours.
The development goes above and beyond, offering a range of facilities and services, including a Well Being service aimed at helping occupants maintain their independence.
Do contact our Ryde Office for a fact sheet with all details and options available to you as a resident.
With a focus on community and well-being, this flat provides a unique opportunity for a comfortable and fulfilling lifestyle in the heart of Ryde Village.
Communal Entrance - Ground Floor Entrance - Entrance Hall - 3.30m x 1.91m (10'10" x 6'3") - Kitchen/Diner - 3.94m x 3.05m (12'11 x 10'0) - Lounge - 4.24m x 3.96m (13'11" x 13'0") - Bedroom 1 - 4.47m x max to recess x 4.17m plus wardrobes (14'8 - Built-In Storage - Bedroom 2 - 3.86m x 2.31m (12'8" x 7'7") - Shower Room/En Suite - 2.84m x 1.96m (9'4" x 6'5") - Communal Parking - Communal Facilities - Car park.
Lawned grounds. Dustbin storage. Request fact sheet from our Ryde Office outlining full facilities and costs for assisted independent living. Tenure - Shared ownership lease for over 55's.
25% Share available at £42,500 with the remaining 75% attracting rent at £413.52 per month. Purchasing this share is subject to qualification and conditions. Full value of property is £170,000.
Regular Costs - Service charge £456.05 per month. Wellbeing Service and Tv licence, careline costs and wifi in communal areas £234.00 per month.
Request fact sheet from Ryde Office for a complete overview. Rent to Housing Association £413.52 per month. Council Tax - Band A Flood Risk - Very Low Risk Construction Type - Brick elevations.
Concrete tile roof. Cavity wall construction.
Broadband Connectivity - Up to Ultrafast Fibre Available Mobile Coverage - Coverage: EE & Vodafone Limited Coverage: Three & O2 Services - Unconfirmed gas, water, drainage & electric.
Agents Note - 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
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.
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