2-bedroom flat · PO33 1NU
Sold STCListed 53 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a sought after location just a short walk from the golden beaches of Appley, this ground floor maisonette will particularly appeal to a retired person/couple.
Benefitting from it's own garden and garage, the property is offered for sale chain free with vacant possession.
We are seeking cash buyers only for this freehold property, although if the new buyer were to create a lease once they have purchased, then it would be suitable for mortgaging.
UPVC double glazed front door to: Porch: A very useful reception area. Built in cupboard.
Sliding door leads to: Living Room: 13'6" x 12'0" (4.11m x 3.66m) A light and spacious room with the focal point being a stone fireplace and tiled hearth.
UPVC double glazed window to the front provides lots of natural light. Night storage heater. Door to: Inner Hall: Doors to various rooms. Airing cupboard houses Gledhill white cylinder plus shelving.
Built in cupboard. Kitchen: 11'0" x 8'4" (3.35m x 2.54m) Fitted with a range of floor and wall units with easy wipe work surfaces, cooker and fridge. Plumbing for a dishwasher and washing machine.
Stainless steel sink with drainer. UPVC double glazed window to the rear and door to: Utility Room: 8'0" x 7'0" (2.44m x 2.13m) A very useful room with space for a tumble drier etc.
UPVC double glazed door to rear garden. Bedroom One: 12'0" x 11'0" (3.66m x 3.35m) UPVC double glazed window to the front. Night storage heater. Wardrobes.
Bedroom Two: 9'4" x 9'1" (2.84m x 2.77m) UPVC double glazed window to the rear looks over the garden. UPVC double glazed door leads to the garden. Night storage heater.
Bathroom: Suite comprises: Panelled bath with shower attachment over, pedestal wash hand basin and low level WC.
Gardens: There are lawned gardens to both the front and rear, with the rear being fully enclosed with flower borders, patio and rockery. Garage: Situated in the block.
(Grey door) Tenure: Freehold EPC: D Council Tax Band: B
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 Grasmere Avenue, Ryde, Isle Of Wight
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