3-bedroom flat · PO31 7AZ
Sold STCListed 263 days
Opportunity summary
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About
A modern and well-presented first floor apartment, ideally located in the heart of Cowes town centre.
This spacious property is offered chain-free and would make a superb full-time residence or convenient lock-up-and-go holiday home.
This apartment is perfectly based for enjoying all that Cowes has to offer; easy access to the local shops, restaurants, cafes, marina and high speed ferry service to Southampton.
The accommodation includes three Bedrooms, an en-suite Shower Room to the main Bedroom, Family Bathroom, a spacious Lounge/Diner, perfect for entertaining and a modern Kitchen.
The property also comes with allocated parking, making it easy to come and go and a valuable feature in this sought after location. Communal Entrance Door with stairs and lifts to upper floors off.
First Floor to Entrance Door to Apartment 17. Entrance Lobby and Door to: Spacious Entrance Hall - Dimplex night storage heater. Good size storage cupboard housing hot water tank.
Security Entry Phone Control. Double opening doors to: Lounge/Diner - 6.15m x 5.00m max (20'2" x 16'5" max) - Two double glazed windows to front. Two night storage heaters.
Television and telephone point. Opening to: Kitchen - 2.72m x 3.05m (8'11" x 10') - Range of fitted floor and wall cupboards with bevel edged worktops over.
Inset stainless steel sink unit with mixer tap. Ceramic electric hob with extractor filter over. Built in oven and microwave. Integrated washing machine. Space for an American Style fridge freezer.
Double glazed window. Bedroom One - 3.99m x 3.78m (13'1" x 12'5") - Electric convector heater. Double glazed window.
Door to: En-Suite Shower Room - Tiled shower cubicle, vanity wash basin and low level WC with concealed cistern. Bedroom Two - 3.68m x 2.74m (12'1" x 9') - Electric convector heater.
Double glazed window. Bedroom Three - 4.17m x 2.13m (13'8" x 7') - Electric convector heater. Double glazed window. Bathroom - Panelled spa bath with mixer tap and shower attachment.
Vanity wash basin and low level WC with concealed cistern. Heated towel rail/radiator. Dimplex wall heater. Light/shaver point. Outside - Allocated car parking space.
Tenure - Leasehold with Share of Freehold. Service charge £2000 PA. Council Tax Band D
Value & comps
No previous sales on record.
Returns
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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.
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