1-bedroom flat · PO33 2AL
For saleListed 50 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Enjoy coastal living in this well-presented one-bedroom apartment situated on the top floor of a well-maintained seafront building in Ryde.
The building benefits from lift access to every floor, making the property easily accessible.
Positioned on the south-facing side, the apartment is filled with natural daylight, creating a welcoming and spacious feel throughout the day.
The interior has been recently redecorated, giving the home a fresh and contemporary appearance, ready for immediate occupation.
Off road parking to the front of the building is available, no allocated spaces and there is a small overflow car park to the side of the building.
The property is equipped with gas central heating to provide efficient warmth during the colder months, and a newly fitted fire alarm system adds an extra level of safety.
Ideally located, the apartment is within comfortable walking distance of Ryde’s town centre, local amenities, and mainland transport connections, including ferry services and public transport, making it a practical option for commuters or those wanting convenient travel links.
For a small additional charge of £4.15 per year, the apartment also benefits from use of a storage cupboard on the lower ground floor, providing useful extra space.
This property presents an excellent opportunity to purchase a bright, low-maintenance home by the sea in a highly desirable Ryde seafront location.
Tenure Leasehold: Sellers have applied for lease extension. The property will be sold with 999 year lease.
Service Charges: £1619.38 Per Annum Ground Rent: £100.00 Per Annum Please Note Successful buyers will be required to complete online identity checks provided by Lifetime Legal.
The cost of these checks is £80 plus VAT per purchase which is paid in advance, directly to Lifetime Legal.
This charge verifies your identity in line with our obligations as agreed with hmrc and includes mover protection insurance to protect against the cost of an abortive purchase.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Flat 23, Solent Court,, Esplanade, Isle of Wight
Explore nearby