2-bedroom flat · PO37 6AG
To rentReduced £100 (−6.7%) on 26 AugListed 98 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located on Chine Avenue within a moments walk of the Cliff Path is this beautifully presented duplex apartment.
The property is accessed on the ground floor and has an 'upside down' layout so that you can fully benefit from the sea views upstairs.
There are two double bedrooms, bothy of which have en suites and access to the enclosed garden area. The main bedrooms en suite is a full bathroom, bedroom two has a shower ensuite.
Upstairs there is a cloakroom that can service the living area. The open plan living space has room for a lunge area and leads into the kitchen/diner space.
The kitchen has been finished to a high standard and includes integrated appliances including a fridge, freezer, washer/dryer, dishwasher, oven and hob.
There are doors out to a balcony which has views across to the sea. There is also an allocated parking space. The property will be available for a move in October time on a long term basis.
Some furniture may be available to purchase by negotiation. To check broadband and mobile phone coverage please visit Ofcom here
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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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
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FAQ
About 9, Bay House Apartments, 8, Chine Avenue, Shanklin
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