2-bedroom flat · PO38 1XG
For saleListed 12 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in it's own grounds with ample car parking, Carfax is a character building on the St Lawrence outskirts of Ventnor occupying an elevated coastal position with sea views.
This top floor two bedroomed apartment is accessed externally via a walkway to it's own entrance door, making it the ideal secure lock-up and leave.
Viewing essential Bedroom 1 (4.11m x 3.12m) Bedroom 2 (3.2m x 3.12m) Kitchen (2.44m x 2.44m) Living Room (4.11m x 3.43m) Bathroom Off Street Parking Commual Garden Sea Views Leasehold Details 999 years from 24th June 1973 Service Charge - £2758.96 pa Ground Rent - £0 Agents Notes Successful buyers will be required to complete online identity checks provided by Lifetime Legal.
The cost of these checks is £80 +. 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
Agent & docs
FAQ
About Flat 10, Carfax,, Undercliff Drive, Ventnor
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