2-bedroom flat · PO37 6HY
Listing removedReduced £45 (−5.7%) on 17 AugListed 132 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Rent includes water - Top/Second floor retirement flat (served by a lift) being for those of 55 years and above.
The accommodation is warmed by electric night storage heating and benefits from uPVC double glazed windows and updated kitchen and shower room suites.
The property is well located towards the outskirts of Shanklin town centre and close by there is a convenience store, bus services and the popular cliff path walk. EPC Band D. Council Tax Band B.
Rent £850 (includes water) Deposit £980 Secured with TDS Custodial. Entrance Hall With office/store area.
(4' x 6') Lounge (3.48m exc x 3.99m (11'5 exc x 13'1)) Kitchen (4.04m x 2.79m (13'3 x 9'2)) Bedroom 1 (2.87m x 2.84m (9'5 x 9'4)) Bedroom 2 (2.87m x 2.95m (9'5 x 9'8)) Shower Room Outside There is an allocated parking space for one car and communal garden to the rear.
Communal bin store area. Council Tax Band B
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 5 Coniston Park, 169A Sandown Road, Shanklin
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