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See how verdicts work2-bedroom flat · PO31 7XE
For saleListed 523 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A purpose built, spacious ground floor apartment located in a well maintained building close to all the amenities of Cowes, with the added bonus of an under croft parking space.
2 double bedrooms- open plan living space with superb harbour views!. Buy to Let potential rent of circa 900 pcm.
This is a unique apartment with a 'lock up and go' solution for buyers looking for a holiday home or a perfect spacious home with nothing to do- just move in and enjoy the view!
EPC Rating: C Entrance The building has gated access from the street and secure intercom entry to all doors. Hall 2 large storage cupboards and accommodation off.
Lounge/Diner Dimensions: 19' 8'' x 17' 5'' (6.0m x 5.3m) l-Shape. A bright main dual purpose reception - Space enough for both reception and dining furniture - in addition even a home office set up!
Complete with picture windows and sliding doors onto a spacious balcony with views towards the harbour and Osborne bay. Kitchen Dimensions: 12' 9'' x 8' 2'' (3.88m x 2.5m).
A large kitchen with a series of original floor and wall mounted storage units. Integrated hob and cooker. Space and plumbing for additional white goods.
Bedroom 1 Dimensions: 12' 9'' x 11' 6'' (3.88m x 3.5m). A large double bedroom with fitted wardrobe storage. Bedroom 2 Dimensions: 14' 9'' x 8' 2'' (4.5m x 2.5m).
A lovely spacious spare double bedroom. Built in wardrobe. Bathroom An internal family size shower room with extractor. Shower cubicle, basin, w/c and heated towel rail.
Outside The property can enjoy the use of the communal gardens and terrace.
The property also has a n allocated under croft parking space - this can be accessed via a lift or stairs from the hall outside the apartment. Tenure Share of Freehold Lease 965 years remaining.
Service charge £3168.p.a £264.00pcm No Ground rent N.B The building is currently having some remedial works done to the exterior cladding - this is in line government guidelines.
As such the building does not have a EWS1 certificate - Any buyer purchasing with a mortgage must check with their lender - to see if they will lend on this basis.
The owner says the government are fully funding the building cladding works.
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
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FAQ
About Flat 24, Griffin House Admiral Gardens, Cowes
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