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See how verdicts work2-bedroom detached house · PO33 3AQ
For saleListed 12 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare opportunity to acquire a house requiring refurbishment situated in one of the most popular locations in the Spencer Road area of Ryde.
Accommodation requires a total upgrade but provides two double bedrooms, two large reception rooms, kitchen, garage and large loft area.
Further benefits include UPVC double glazing, driveway and large front and rear gardens. Covered Entrance: Hardwood door with glass panel leading to: Entrance Hall: Stairs off. Understairs cupboard.
Built in cupboard. Dining Room: 15'0" x 11'0" (4.57m x 3.35m) UPVC double glazed window to the front overlooking the front garden. Two radiators.
Living Room: 17'0" x 14'0" (5.18m x 4.27m) Feature fireplace. Two UPVC double glazed windows to the rear. Two radiators. Kitchen: 12'0" x 8'0" (3.66m x 2.44m) Fitted base and wall units.
Stainless steel sink unit. UPVC double glazed window to the rear. Door to the garage. WC: Low level WC. Pedestal wash hand basin. UPVC double glazed window to the side. Bathroom: Panelled bath.
Pedestal wash hand basin. UPVC double glazed window to the side. First Floor Landing. Bedroom One: 13'0" x 11'1" max (3.96m x 3.38m max) L Shape room with two built in wardrobes. Radiator.
Bedroom Two: 12'0" x 8'0" (3.66m x 2.44m) UPVC double glazed window to the rear. Radiator. Bathroom: Panelled bath. Pedestal wash hand basin. UPVC double glazed window to the side. Radiator.
Loft Area: 32'0" x 8'0" plus sloped area (9.75m x 2.44m plus sloped area) Garage: 19'0" x 9'0" (5.79m x 2.74m ) UPVC double glazed window and door to garden. Built in cupboard.
Outside Rear Garden: Large lawn area with fenced perimeter. Well stocked borders and access to the front. Front Garden: Laid to large lawn. Walled frontage and driveway to the front of the garage.
Tenure: Freehold EPC: TBC Council Tax: Band E N.B. The central heating system boiler is non operational and requires replacement.
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 Northwood Drive, Ryde, Isle Of Wight
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