2-bedroom flat · PO37 7JS
For saleReduced £9.9k (−6.2%) on 16 JulListed 548 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A superbly finished Second Floor Town Centre Apartment with its own private garage situated in the heart of the Town within easy walking distance of the amenities, Bus Station, Doctor’s Surgery and Railway Station.
The Esplanade, which leads down to the beautiful sandy beaches, is approximately 1/2 mile distant as is the pretty “Old Village” area with its good selection of thatched Pubs, Restaurants and Tea Rooms.
Benefits include, two double bedrooms, gas fired central heating and uPVC double glazed windows throughout. Further benefits include refitted Kitchen and Shower Room suites.
Outside are communal Gardens and clothes drying lines.
In our opinion, the property is offered in good decorative order throughout and would seem equally suitable for either permanent living, second home or rental investment.
We highly recommend an internal inspection to appreciate the accommodation on offer which comprises: Entrance Hall With utility cupboard Lounge (4.37m x 3.20m (14'4 x 10'6)) Kitchen (3.73m x 2.18m (12'3 x 7'2)) Bedroom 1 (3.18m x 3.00m (10'5 x 9'10)) Bedroom 2 (2.95m x 2.72m (9'8 x 8'11)) Shower Room Outside To the front and side there are small communal garden areas being mainly laid to lawn with mature shrubs and trees, dustbin storage area and clothes drying lines.
To the side of the property is a car parking area and this property has its own private garage.
Tenure We understand the property is held on the balance of a 890 year lease and the current service charge is £1250 per year, this includes a share of the buildings insurance premium.
Services All mains are available Council Tax Council Tax Band B. (Can be confirmed on the Government website)
Value & comps
No previous sales on record.
Returns
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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 7 Brook Mead, Brook Road, Shanklin
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