2-bedroom flat · PO33 1JE
Sold STCListed 245 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market 'chain free' is this spacious, elevated ground floor apartment in The Strand, Ryde offering wonderful beach and sea views.
The property comes with ample residents parking on the forecourt to the front of the building and a very large and well-kept communal garden to the rear.
This very grand Grade II listed building is well maintained by the 4 flat owners who each have a share of the freehold.
The flat itself comprises a very large lounge and dining room (17'x 14') with bay window overlooking the garden and with amazing sea views, separate kitchen, bathroom and 2 big double bedrooms with period high ceilings throughout.
The flat has gas central heating with a brand new boiler but is in need of some updating and decorative work to bring it back to its very best however with all the benefits of sea side living on the door step it would be well worth the investment.
The property has been used as a holiday home for many years and is absolutely ideal for either this purpose or for permanent living. (holiday lets are not permitted though).
The ferry links to the mainland are just a 5 minute walk away as are the train and bus stations. SHARE OF FREEHOLD LEASE TERMS: 999 years from 1 April 1974...947 years remaining.
GROUND RENT: nil SERVICE CHARGE: £100pm COUNCIL TAX BAND: B Living Room 5.44m x 4.32m Kitchen 2.84m x 2.5m Bedroom 1 4.57m x 3.3m Bedroom 2 4.32m x 3.1m
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About The Strand, Ryde, PO33
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