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See how verdicts work2-bedroom flat · PO33 1JH
Sold STCReduced £49k (−30.8%) on 26 OctListed 136 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SPACIOUS, BRIGHT AND MOMENTS FROM SEA FRONT!
An impressive GROUND FLOOR apartment within Salsette Court, a very short stroll away from the beautiful sandy beaches and coastal walk ways of Ryde, plus the community swimming pool and eateries - as well as the host of town amenities and Island/mainland passenger transport links.
Offering well presented accommodation with neutral decor throughout, this CHAIN FREE residence comprises a very well proportioned sitting room (over-looking and leading to the lawned grounds), separate fitted kitchen/diner, 2 BEDROOMS plus modern bathroom.
There are several benefits to this apartment, some of which are the double glazed windows, communal LAWNED GARDENS, plus a private GARAGE.
Certainly an ideal first, second, investment or retirement home - offering great convenience and easy to maintain level living. Viewing essential to appreciate!!
Accommodation: - Door to large communal hall. Door to deep storage cupboard. Private door into No. 1: Entrance Hall: - A welcoming, carpeted entrance hall with doors to all rooms.
2 x storage cupboards, one housing immersion heater. Shelving unit. Ceiling light. Electric heater.
Doors to: Sitting Room: - A well proportioned carpeted room with sliding double glazed patio doors leading to front patio area. Electric fireplace and surrounds. Storage heater. Ceiling light.
Kitchen/Diner: - Modern kitchen comprising smart range of cupboard and drawer units with contrasting work surfaces over incorporating inset 1.5 bowl sink unit.
Integral cooker and space for tall fridge/freezer, washing machine and dishwasher. Dining area with storage heater. Double glazed windows x 2 to rear offering ample natura light to flow through.
Bedroom 1: - A carpeted double bedroom with double glazed window to front. Built in wardrobe. Electric heater. Ceiling light.
Bedroom 2: - A second carpeted smaller double bedroom with double glazed window to front. Built in wardrobe. Ceiling light.
Bathroom: - Fully tiled room with suite comprising bath with electric shower over, wash hand basin and w.c. Obscured window to sidr with fitted roller blind. Heated towel rail. Mirrored storage unit.
Large cupboard fir storage. Shaver point. Extractor fan. Communal Gardens: - Surrounding Salsette Court, there are good sized lawn gardens - shared between the residents.
Garage: - The apartment benefits from a garage en bloc (the first in the row) with up and over door, accessed via the rear of the apartment block. Tenure: - Long Leasehold (999 years w.e.f.
1970) with Share of Freehold Annual Management Fee: £2100 to include roof fund Ground Rent: Nil Restrictions: No holiday/Air B&B lets although Assured Periodic Tenancies are permitted Other Property Facts: - Conservation Area: Yes Flood Risk: Low Council Tax Band: B EPC Rating: E Seller's situation: No chain Disclaimer: - Floor plan and measurements are approximate and not to scale.
We have not tested any appliances or systems, and our description should not be taken as a guarantee that these are in working order.
None of these statements contained in these details are to be relied upon as statements of fact.
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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About The Strand, Ryde, PO33 1JH
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