We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · PO31 8BW
For saleReduced £5k (−1.8%) on 25 JulListed 470 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Chain free - A second floor converted 2 bedroom apartment offering stunning Solent views and the chance to take a fabulous sunset walk to Gurnard.
Off street parking, double glazed and gas centrally heated. A flat walk to Cowes esplanade and the the high speed link to Southampton.
EPC Rating: C Entrance At the side of the building is a communal front door for the upper 2 apartments.. Stairs up to your front door.
Hall From front opens to a hall with large storage cupboard and accommodation off. Lounge/Diner/Kitchen Dimensions: 13' 5'' x 13' 1'' (4.1m x 3.99m).
A large front aspect multi function reception with a wonderful 180 degree view of the Solent. L-Shape arranged kitchen area with plenty of storage units. Integrated fridge, cooker and hob.
Lots of space for both dining and reception furniture. Gas boiler. Bedroom 1 Dimensions: 13' 5'' x 13' 1'' (4.1m x 3.99m). A large rear aspect double bedroom. Original fire place feature.
Bedroom 2 Dimensions: 17' 0'' x 6' 11'' (5.17m x 2.1m). A large bright double bedroom with Velux style windows.
Bathroom A well appointed family bathroom, with panelled bath, vanity basin and w/c - also a separate shower cubicle. Outside The property has the benefit of a single parking space.
Tenure We are advised that the apartment is Freehold. Service and maintenance is on an 'as and when' basis which is split 3 ways. Current insurance contribution is £394:90
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
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FAQ
About Flat 2, Greyquoins, Cowes
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