1-bedroom flat · PO38 1SQ
Listing removedListed 227 days
Opportunity summary
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About
Offered Chain Free a purpose built one bed ground floor flat with it's own private terrace/garden and being situated approximately a hundred yards of the Beach & Esplanade.
Hall, Living Room, Kitchen, Bedroom, Shower Room and Allocated Parking to the rear. Front Door To: - Entrance Hall - With built in cloaks cupboard.
Living Room - 3.78m x 3.30m (12'5 x 10'10) - With night storage heater and double glazed door leading to front terrace.
Archway leading into: Kitchen - 3.18m x 1.68m (10'5 x 5'6) - With single drainer stainless steel sink unit with mixer tap inset in black laminate worktops with drawer and cupboards under and wall cabinets over.
Inset electric hob with oven under and extractor over. Plumbing for washing machine . Space for upright fridge/freezer. Tiled splashbacks.
Bedroom - 2.57m x 2.84m (8'5 x 9'4) - With front aspect and built in double wardrobe with sliding door and storage over. Shower Room - With quadrant shower with an electric shower unit and riser rail.
Vanity washbasin unit and mixer tap. Low level WC. Heated towel rail and tiled walls. Outside - As previously mentioned to the there is a terraced area for flat 2.
To the rear of the property there is a bin area and a clothes drying area. Car park area. Services - All Mains Available Tenure - Held on the balance of a 125 year lease from September 1982.
We understand the current service charge is approx £1,200pa which includes a share of the building insurance premium. No Ground Rent Payable as each owner has a Share of the Freehold.
Council Tax - Band A
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.
Area
Agent & docs
FAQ
About Hambrough Road, Ventnor
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