We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · PO35 5SR
Listing removedReduced £13k (−8.1%) on 7 OctListed 206 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An immaculate two bedroom apartment with balcony, garage and off-road parking in a peaceful and private setting with communal gardens.
Grange Gardens is development of modern flats and houses, constructed in approximately 1986 with communal gardens wrapping around.
Grange Gardens is set in a quiet location ideal for those wishing to enjoy what Bembridge has to offer, an ideal permanent or holiday home or for those wishing to buy for a holiday letting investment.
Grange Gardens is ideally situated on quiet road a short walk to Bembridge Primary School, the village centre and the coastal paths of Bembridge are also nearby.
Bembridge village centre has a butcher, florist, bakery, delicatessen, fishmonger and farm shop in addition to several cafes and restaurants all within easy access.
The harbour also has two sailing clubs and there are numerous beaches while the Fast Cat, providing high-speed passenger links to Portsmouth, is located in Ryde approximately 7 miles away.
Accommodation Entrance Hall Private entrance at ground floor with uPVC glazed door with side lights and space for hanging coats, carpeted stairs rise to the first floor apartment.
Hallway Hallway with loft access and a utility cupboard.
Kitchen A modern kitchen with a full range of under-counter and wall-mounted shaker style storage units, incorporating a 1.5 bowl ceramic sink with mixer tap over, a 4 ring gas hob with extractor over, inegrated oven and space and plumbing for a fridge, washing machine or dishwasher.
Wipe clean red splash backs and a small breakfast bar area. Sitting Room An excellent well proportioned living area with sliding doors onto a balcony.
Bedroom 1 With a full range of built-in wardrobe storage and vanity unit. UPVC window overlooking the communal gardens. Bedroom 2 A good sized double bedroom.
Showeroom A modern white suite with tiled walls, ahower, vanity unit wash basin, heated towel rail, bidet and W.C.
Outside Communal gardens surround the development with various pine trees and mature hedging.
A balcony extends off the property with a southerly aspect and there is a garaging allocated in addition to several unallocated parking bays.
Services Mains electricity water and drainage, heating is provided by a gas fired combination boiler and delivered via radiators.
Tenure Leasehold with the balance of a 99 year lease commencing in 1986 and approx £100pa ground rent Communcal areas and buildings insurance is organised via a managing agent with a service chage of £1,175pa.
Miscellaneous £940 pa service charge which includes external painting, gardening and building insurance. £100 per year management fee.
Post Code: PO35 5SR EPC Rating: C Council Tax: Band C Viewings: All viewings will be strictly by prior arrangement with the sole selling agents, Spence Willard. Important Notice 1.
Particulars: These particulars are not an offer or contract, nor part of one.
You should not rely on statements by Spence Willard and Waterside Properties in the particulars or by word of mouth or in writing ("information") as being factually accurate about the property, its condition or its value.
Neither Spence Willard nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s).
2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. 3.
Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained.
A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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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FAQ
About 2, Grange Gardens, Bembridge
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