3-bedroom flat · PO39 0BN
For saleListed 79 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spacious apartment ideally located close to the shops and beaches in Totland Bay.
The apartment comprises entrance hall, open plan living space with well appointed kitchen and living area, three bedrooms, and a family bathroom.
There is a private garden with the benefit of a large outbuilding, owned on a seperate freehold, and two parking spaces. Entry to the apartment is via a shared stairway or via the private rear garden.
The flat is located a short walk from the stunning beach at Totland Bay which is popular with swimmers and boasts beachside restaurant 'The Waterfront'.
There are are two convenience stores within walking distance, and the nearby village of Freshwater provides a doctors surgery, leisure centre, primary school and larger supermarket.
The nearby harbour town of Yarmouth is just a short drive and provides shops and restuarants as well as a mainland link via car ferry to Lymington. Tenure Leasehold with 110 years remaining.
Maintenance agreed on an ad hoc basis with the freeholder. Ground rent is £100 per annum.
Council Tax Band B Hall Open Plan Living 3.4m x 7.06m 11'2" x 23'02" Bedroom One 3.78m x 3.35m 12'5" x 11' Bedroom Two 3.33m x 2.64m 10'11 x 8'8" Bedroom Three 2.8m x 2.77m 9'2" x 9'1" Bathroom 2.72m x 1.78m 8'11" x 5'10" NB.
Successful buyers will be required to complete online identity checks provided by Lifetime Legal.
The cost of these checks is £80 plus VAT per purchase which is paid in advance, directly to Lifetime Legal.
This charge verifies your identity in line with our obligations as agreed with HMRC and includes mover protection insurance to protect against the cost of an abortive purchase.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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 The Broadway, Totland Bay, Isle of Wight
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