2-bedroom flat · PO33 1JH
Listing removedListed 8 daysAuction 29 Sep · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Salsette Court is a purpose-built block of apartments situated close to the junction of The Strand and Esplanade which overlooks Ryde seafront with its expansive sandy beach and views over The Solent beyond.
Situated on the ground floor, Flat 1 has recently undergone a programme of upgrading and refurbishment and as a consequence is nicely presented throughout.
Outside of the property is a garage in the block to the rear of the building.
The flat is considered ideal for use by an owner occupier, perhaps for addition to an income-producing letting portfolio or potentially for its use as a weekend retreat or holiday home, though we are advised that commercial holiday letting is prohibited under the terms of the lease.
Accommodation Entrance hall, living/dining room, two bedrooms and bathroom with W.C. Outside Communal gardens, garage in block to the rear.
EPC Rating E Council Tax Band B Tenure Remainder of a 999-year lease from 29th September 1970.
Auctioneer's Note Some of the photographs have been provided by the joint auctioneer and interested applicants should rely on their own investigations to verify the information provided.
Important: All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
Price Information *Guides are provided as an indication of each Seller's minimum expectation.
They are not necessarily figures at which a property will sell for and may change at any time prior to Auction.
Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide.
Please check our website regularly at , or contact us on , in order to stay fully informed with the up-to-date information.
*An Administration fee and Other non-optional fees may also be payable in addition to the bid price.
All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing.
This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty.
If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to
Value & comps
No previous sales on record.
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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 starting price
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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 1, Salsette Court, 30 The Strand, Ryde
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