2-bedroom house · PO31 7AG
To rentListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
CHAIN FREE - A well-appointed second-floor apartment in a purpose-built block, positioned to make the most of its river outlook. Two bedrooms, two bathrooms, and off-street parking.
UNFURNISHED - LONG LET - DEPOSIT £1150 -EPC B - COUNCIL TAX - B EPC Rating: B Lounge/Diner Dimensions: 17' 10'' x 11' 10'' (5.44m x 3.6m) max.
A dual purpose main reception with Patio doors onto a river facing balcony. serving hatch to the kitchen. Kitchen Dimensions: 8' 8'' x 6' 11'' (2.65m x 2.1m).
Compact kitchen with plenty of storage units. Integrated appliance include, Fridge/freezer, washing machine, dishwasher, cooker and hob. Bedroom 1 Dimensions: 15' 11'' x 8' 7'' (4.84m x 2.62m).
A rear aspect double bedroom - complete with wardrobes and drawers set. ensuite. Ensuite Shower cubicle, w/c, basin and heated towel rail.
Bedroom 2 Dimensions: 13' 6'' x 8' 9'' (4.11m x 2.67m). Rear aspect double bedroom. drawer set and built in wardrobe. Bathroom Main bathroom, with panelled bath, w/c and basin.
Outside The property has an allocated off street parking parking space for a single vehicle. There is a communal bike shed. Tenure The property is share of freehold 1/7th.
977 year lease remaining. Service charge is £120 per calendar month. Annual elevator maintenance charge £150 annually.
PLEASE READ Prospective tenants are required to have a combined income of at least 2.5x the rent to pass affordability checks.
If tenant income does not meet this threshold and/or they have poor credit history they may be required to provide a Guarantor.
Guarantors are required to have an income of at least 3x the rent to pass affordability checks, plus no negative credit history.
Based on the advertised rent of: £1000pcm, the income thresholds are: Tenant(s): £30,000 per year or Guarantor: £36,000 per year We do not discriminate on where income comes from - earnings, benefits, pensions, investments etc are all treated equally.
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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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Arctic Road, Cowes, PO31
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