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See how verdicts work2-bedroom flat · PO31 7QJ
For saleListed 355 days
Opportunity summary
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About
An exceptionally appointed waterfront apartment with unrivalled views over The Solent and harbour entrance Apt 14, Number One The Parade A rare opportunity to acquire a stunning, contemporary apartment in the heart of Cowes, enjoying panoramic and uninterrupted views across The Solent and iconic harbour entrance to the Hampshire coastline beyond.
Completed in 2007 within the sought after ‘Number One The Parade’ development, this superb first floor apartment benefits from a contemporary kitchen, modern shower rooms and high-quality finishes throughout.
Situated in an unparalleled position on The Parade, perfectly placed for watching the world-famous yacht racing and maritime activity of the Solent, whilst being within an easy walk of the numerous sailing clubs, the bustling High Street with its array of independent shops, restaurants, bars and highspeed Red Jet passenger service to Southampton.
This modern apartment is accessed via a secure, gated entrance into a landscaped courtyard with communal lift and private resident facilities including a well-quipped gym and bike store.
The accommodation provides two generous double bedrooms, two shower rooms and a private balcony overlooking the sea, the perfect viewing platform for watching the activity on the Solent.
Accommodation A secure gated entrance opens to a communal area with stairs or lift rising to the first floor.
Entrance hall With wooden flooring that extends throughout the main living areas with a secure video entryphone system.
Includes two good sized storage cupboards with shelving, one housing Megaflow hot water cylinder.
Kitchen living dining room A wonderful, spacious room with large windows enjoying stunning panoramic views across the harbour to The Solent beyond.
French doors lead from both the living and dining areas to the private decked balcony with sleek glass balustrades where the sea views and entertaining space can be enjoyed.
The kitchen is finished to a high standard fitted with elegant granite worksurfaces, incorporating a stainless steel sink with mixer tap, a good range of wall and base units with high specification integrated appliances including Meile electric hob, Neff double oven, Meile dishwasher and Neff washing machine.
Leading off from the dining space is a well-designed storage area with lighting featuring two large built-in cupboards and a large unit providing multiple storage cupboards.
Shower room Fitted with a quadrant shower, wash basin with monobloc tap and storage cupboard beneath. Finished with tiled walls and flooring.
Bedroom 1 A well-proportioned double bedroom with westerly aspect overlooking the inner courtyard. Ample storage with built in wardrobes.
Bedroom 2 A good sized double bedroom with a range of built in cupboards and a westerly aspect over the courtyard. Wet room Fitted with a large, walk in shower with glazed screen.
Washbasin with monobloc tap. Contemporary heated towel rail. Mirror fronted wall cupboard incorporating lighting.
Outside The apartment is accessed via a secure gated entrance from Bath Road into an attractively landscaped, largely granite paved courtyard, with a range of contemporary planters.
Residents benefit from lift and stair access to all floors along with communal use of a secure bike store, bin store, private storage locker, and a small gym on the lower ground floor.
Tenure Leasehold with a Share of the Freehold. 999 year lease commenced in 2007. Service charge £6,152 per annum, incorporating buildings insurance.
Parking Resident parking permits can be obtained for The Parade from the Isle of Wight Council from £72 per annum. Services Mains water, electricity and drainage. Electric central heating.
EPC Rating C council tax Band F postcode PO31 7QJ viewings Viewings shall be strictly by prior arrangement with the sole selling agents, Spence Willard Important notice: 1.
Particulars: These particulars are not an offer or contract, nor part of one.
You should not rely on statements by Spence Willard in the particulars or by word of mouth or in writing ('information') as being factually accurate about the property, its condition or its value.
Neither Spence Willard nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s).
2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. 3.
Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained.
A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4.
VAT: The VAT position relating to the property may change without notice
Value & comps
No previous sales on record.
Returns
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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.
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