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See how verdicts work2-bedroom maisonette · PO33 2BP
For saleReduced £65k (−35.1%) on 26 OctListed 285 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This charming and spacious two double bedroom lower ground floor apartment is situated within the most imposing Grade II listed building, once a private residence, now comprising four similar style apartments, located in a very popular and highly sought after part of Ryde town centre.
Built circa 1870, the property is typical of its era retaining many original features giving it a wonderful ambience.
Immediately you step into this building you instantly feel part of its rich past and local history.
1 Wood Street is located in the highly desirable Vernon Square area of Ryde, and is surrounded by many similar period properties of both architectural and historical relevance to the town.
This elegant and very stylish property is presented in excellent order throughout having been well maintained and tastefully decorated by the current owner.
Wood Street is one of the most sought after areas within the town and is in close proximity to award winning sandy beaches, a short walk from the bustling town centre, bus routes, mainland transport links, and Ryde Esplanade.
The property would make an ideal first time buy, upsizing and downsizing, investment or lock-up-and-leave holiday home.
Kitchen 4.52m x 3.78m Inner Hallway Sitting/Dining Room 6.73m x 4.04m Bathroom Bedroom 1 4.04m x 3.84m Bedroom 2 4.06m x 2.57m Outside A very pleasant enclosed court yard garden accessed directly from the kitchen.
Ideal for a selection of pots and plantings. Tenure Leasehold. 800 years from April 1977. Share of the Freehold.
Service charge: £1500 per anum Council Tax Band B Heating Gas Central Heating 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
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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 Wood Street, Ryde, Isle of Wight
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