2-bedroom flat · PO37 6RR
For saleListed 49 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautifully presented two-bedroom apartment set within a charming former Victorian Priory, offering an exceptional blend of period character and modern living.
Presented to a superb standard throughout having recently been redecorated, the property features a stylish open-plan lounge and kitchen area, with a bright conservatory providing a wonderful connection to the outside and leading directly onto your very own balcony.
From here, you can enjoy spectacular coastal views over Sandown Bay towards Culver Cliffs.
The accommodation includes two well-proportioned bedrooms and a luxurious bathroom, while residents also benefit from a private car park and access to fantastic mature well maintained, communal gardens.
Ideally situated close to the beach, historic Old Village, theatre and scenic coastal path, this superb apartment offers an enviable lifestyle in a sought-after setting.
Offered for sale chain free the property has previously been used as a lucrative holiday home with great letting potential but would equally make a wonderful permanant home by the sea.
Communal Entrance Hall Staris To First Floor Entrance Hall Bedroom 1 (3.43m x 3.38m) 11'03" x 11'01" Bedroom 2 (3.53m x 2.64m) 11'07" x 8'08" Bathroom (2.26m x 1.3m) 7'05" x 4'03" Lounge Area (3.86m x 3.15m) 12'08 x 10'04" Kitchen Area (3.9m x 1.32m) 12'10" x 4'04" Conservatory (4.04m x 2.92m) 13'03 x 9'07" Balcony - Decked Balcony With Secure Outside Storage Area Outside - Mature Communal Gardens - Residents Parking Tenure - Share of Freehold, a new 999 year lease will also be granted to a new buyer upon completion Service Charge - £2505 per annum Council Tax - Band B Services - All Mains Services Connected EPC - C72 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
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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.
Area
Agent & docs
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FAQ
About 7 The Priory, 34, Luccombe Road, Shanklin
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