2-bedroom flat · PO31 7QD
To rentListed 48 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spence Willard are delighted to offer this rare opportunity to rent a spacious two bedroom apartment in this well positioned waterfront development with fine westerly Solent views.
Offered furnished and available from the end of September, viewing is highly recommended.
The Gloster is situated in a prime position on Cowes Parade, being within walking distance of the shops and restaurants and Redjet ferry service to Southampton.
Situated approximately 100m from The Royal Yacht Squadron, the apartment is within an easy walk of all the principal yacht clubs and is in a perfect position for watching the sailing races off Cowes as well as shipping movements along The Solent.
With a secure telephone entry system, the apartment is located on the third floor, with both stairs and lift access.
Tenants will have the use of one allocated parking space in the underground carpark.
From the third floor landing, the Front Door opens into; Inner Hallway, with doors to; Bedroom Two - a twin bedroom with window to the side, built-in cupboards and door to En Suite Shower Room with shower cubicle, wash hand basin, WC and heated towel rail.
Bedroom One - with French windows leading to a shallow balcony with sea glimpses. With built-in cupboards and door to; En Suite Bathroom with suite comprising bath with shower over, WC and hand basin.
Kitchen/Living Room - an open plan living space comprising a Kitchen to one end including a matching range of white gloss base and wall cupboards with granite work surfaces.
Fitted with a full range of appliances including stainless steel oven, four ring hob, microwave oven, small dishwasher, washing machine, fridge and freezer.
Two steps leading down to the Living area with large glazed sliding doors to the private Balcony with interesting views across The Royal Yacht Squadron to The Solent beyond.
The property is offered fully furnished and available end of September Council Tax Band D - £2603.85 pa for 26/27 Gas and water charges will be payable directly to the Landlord @ £150 per month.
A Holding Deposit equal to one weeks' rent will be payable upon commencement of an application to rent this property Tenant protection We are members of The Property Ombudsman Scheme, which is a government approved scheme to provide independent redress in relation to disputes between consumers and property agents.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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 Apartment 15 The Gloster, The Parade, Cowes
Explore nearby