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See how verdicts work1-bedroom flat · PO37 6PP
For saleReduced £9.9k (−6.2%) on 18 JulListed 400 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered Chain Free! Westfield is a superior quality development of 16 spacious one and two bedroom apartments for those over 55 years of age seeking a quieter lifestyle.
The development is superbly located close to the Old Village area of Shanklin, the Big Mead and the pretty St. Blasius Church.
The main town centre with its good selection of shops and amenities is about half a mile away.
Nearby is the Shanklin Cricket Ground and access to many miles of delightful footpaths over the surrounding countryside and Downland.
This one bedroom first floor apartment (served by a lift) has been superbly fitted with oak panel doors, shaker style kitchen and fitted wardrobe cupboard.
Outside are beautiful landscaped communal gardens, south facing terrace and allocated parking.
There is a community room with kitchen and toilet off which is used for coffee mornings as well as general socialising for residents.
We feel the property would suit as a permanent or second home use and really must be seen to appreciate all that Westfield has to offer as well as the highly sought location.
Communal Entrance Hall With lift to first floor Entrance Hall Fitted storage cupboard Lounge/Diner (5.49m x 3.40m excluding bay window (18' x 11'2 exc) Kitchen (3.02m x 2.26m (9'11 x 7'5)) Bedroom (4.27m x 2.84m (14' x 9'4)) Shower Room (2.24m x 1.75m (7'4 x 5'9)) Outside The property sits on a super sized plot with mature communal gardens to the front and rear and south facing patio/terrace to the side accessed from the community room on the ground floor.
Allocated off road parking to the rear (space 10) and charging points for electric buggies.
Services Mains electricity - Water & Drainage Tenure - Leasehold Lease length: Balance of a 125 year lease (113 years remaining) Service Charge: £170 per month Ground Rent: £100 per annum The block is managed by Cameron Chick Property Council Tax - Band B
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 10 Westfield, 5 Highfield Road, Shanklin
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