2-bedroom flat · PO37 7BH
Sold STCListed 385 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the charming seaside town of Shanklin, this delightful ground floor flat offers a wonderful opportunity for those seeking a comfortable and convenient living space.
The property is CHAIN FREE, making it an ideal choice for first-time buyers or those looking to downsize.
Upon entering, you are welcomed into a comfortable living room that provides a perfect setting for relaxation or entertaining guests.
The flat boasts two bedrooms, each offering a peaceful retreat for rest and rejuvenation. The bathroom is thoughtfully designed, catering to all your daily needs.
One of the standout features of this property is the allocated parking space for one vehicle, a valuable asset in this popular area.
The flat's location allows for easy access to local amenities, including shops, cafes, and the beautiful beaches that Shanklin is renowned for.
This property presents an excellent opportunity to enjoy coastal living in a vibrant community.
Whether you are looking for a permanent residence or a holiday retreat, this flat is sure to meet your needs. Do not miss the chance to make this charming flat your new home.
Entrance Hall - Lounge - 4.11m into bay x 3.56m (13'6 into bay x 11'8) - Kitchen - 4.57m x 2.06m (15' x 6'9) - Bedroom 1 - 4.45m max x 2.69m (14'7 max x 8'10) - Bedroom 2 - 4.57m x 2.06m (15' x 6'9) - Bathroom - 3.18m x 1.70m (10'5 x 5'7) - Outside - To the front of the building there is a car park providing allocated parking for the residents of Caernarvon Lodge.
Lease Information - Lease Length: 999 years from 1996. Ground Rent: n/a (share of freehold). Service Charge: £62.50 per month. Pets are allowed with permission of the managing agent.
Services - Unconfirmed: gas, electric, telephone, mains water and drainage. Council Tax - Band B - Please contact The Isle of Wight Council on .
Agents Notes - 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.
Area
Agent & docs

FAQ
About Chain Free * Shanklin
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