1-bedroom flat · PO30 5HN
Let agreedListed 23 days
Opportunity summary
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About
NO DEPOSIT OPTION AVAILABLE WITH THIS PROPERTY - 1 bedroom first floor maisonette. RENT INCLUDES ELECTRICTY & HEATING - UNFURNSIHED - AVAILABLE FROM 30 OCTOBER.
The Property - RENT INCLUDES ELECTRICITY & HEATING - First floor, one bedroom maisonette situated with a short walk of Newport town centre & St.
Mary's Hospital as well as boasting off road parking (first come first serve) The property was newly decorated and had a shower room newly fitted just 6 months ago.
The accommodation comprises; External stairs leading to first floor entrance. Open plan lounge / kitchen with newly fitted electric oven and hob. Newly fitted shower room. Generous double bedroom.
Offered unfurnished from 30 October for a long term tenancy. Services - Mains electric and water. The cost of electric and heating is included within the rent.
Epc - Rating is E52 Local Authority - The Isle of Wight Council is the local authority. Deposits - Holding deposit payable is £135 based on the advertised rent of £585pcm.
Subject to contract the sum of the holding deposit will be deducted from the first month rent payable.
The tenancy deposit payable, will be £675 based on the advertised rent of £585pcm, unless the applicant opts for the No Deposit Option "REPOSIT" - instead of paying a cash deposit of £675, the applicant would pay a fee to Reposit of £150 and then £30 per year thereafter - ask for details.
Pets - Pets may be considered and if agreed will be subject to additional rent of £25pcm per pet.
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
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