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See how verdicts work3-bedroom flat · PO35 5NF
For saleListed 237 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
North Wells is an attractive development situated on Ducie Avenue, one of the most sought after lanes in Bembridge, which is just metres from the beach and only a few minutes walk from the village centre.
The original Gothic style building dates back to the late 1700"s, with more modern additions added in the 1980"s.
Set within secluded, well maintained gardens there is vehicular access from Ducie Avenue and a private pedestrian gate onto Pump Lane which leads down to the harbour.
Apartment 4 is positioned on the ground floor within the modern section of the development, and offers naturally bright and spacious accommodation with sea glimpses to the rear.
A communal entrance hall gives access to the apartments, and a private front door leads into number 4.
The well arranged accommodation comprises entrance hall, a spacious sitting room with access to the gardens, a kitchen breakfast room which also overlooks the gardens, 3 double bedrooms all of which have built in wardrobes, an en-suite shower room and a bathroom.
There is also private patio area which leads out from the sitting room and onto the lawned communal grounds, and a parking area.
The apartment is ideal for those seeking a centrally located home where one can be on the beach or at the harbour in minutes, whilst also having the village amenities including shops and eateries on the doorstep.
This is a delightful home which is offered for sale chain free.
Communal Entrance Hall A covered storm porch gives access via a glazed door to a communal entrance hall, which has a door through to the rear of the building, stairs to the first floor and a hardwood front door to apartment 4.
Entrance Hall Built in airing cupboard housing the hot water cylinder. Night storage heater and fitted carpet.
Accommodation off: Sitting Room 12' 5'' x 15' 9'' (3.8m x 4.81m) A bright and spacious room with a double glazed window to the front and French doors leading out the patio area.
TV point, telephone point, night storage heater and fitted carpet.
Kitchen Breakfast Room 11' 0'' x 9' 3'' (3.37m x 2.83m) Fitted with a range of wall and floor units with work surfaces over, an inset sink unit and tiled surrounds.
Electric cooker point, space for a fridge freezer, plumbing for a washing machine and space for a tumble dryer. Double glazed window to the front. Space for a dining table and chairs.
Wall mounted electric heater and wood effect laminate flooring. Bedroom 1 10' 7'' x 10' 3'' (3.24m x 3.13m) A double bedroom with a double glazed window to the rear. Deep built in wardrobe.
Night storage heater and fitted carpet. Door to: En-suite Shower Room Fitted with a shower cubicle housing an electric shower, a WC, and a wash basin set in a vanity unit.
Heated towel rail, extractor fan, tiled walls and wood effect flooring.
Bedroom 2 11' 8'' x 10' 2'' (3.56m x 3.12m) A double bedroom with a double glazed window to the rear which provides sea glimpses. Built in wardrobe.
Wall mounted electric heater and fitted carpet. Bedroom 3 11' 8'' x 7' 4'' (3.56m x 2.24m) A double bedroom with a double glazed window to the rear which provides sea glimpses.
Built in wardrobe. Wall mounted electric heater and fitted carpet. Bathroom Fitted with a panelled bath, a wash basin and a WC.
Heated towel rail, extractor fan, half height tiled walls and wood effect flooring. Outside Apartment 4 benefits from its own private patio area which leads out from the sitting room.
North Wells is set within generous grounds, with well kept lawns, borders of mature planting and a gravelled parking area.
A secure gate gives pedestrian access onto Pump Lane which leads down to the harbour and beaches. Additional Information Tenure: Leasehold. Remainder of a 999 year lease from 1987.
Maintenance fees: £2100 per annum. Heating: Electric night storage heaters. EPC rating: D Council tax band: D MISREPRESENTATION ACT 1967. PROPERTY MISDESCRIPTION ACT 1991.
Turnbull IOW Ltd, for themselves and Vendors of the property, whose agents they are, give notice that these particulars, although believed to be correct, do not constitute any part of an offer or Contract, that all statements contained in these particulars as to this property are made without responsibility and are not relied upon as statements or representations of fact and that they do not make or give any representation or warranty whatsoever to this business.
An intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
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.
Area
Agent & docs
FAQ
About Ducie Avenue, Bembridge, Isle of Wight, PO35 5NF
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