1-bedroom flat · PO38 1DS
For saleReduced £5k (−5.9%) on 4 SepListed 379 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious lower ground floor flat close to the town centre and all amenities.
With a double bedroom and en-suite, generous lounge/dining area, fitted kitchen and useful study/store, this property is currently let and offers an ideal buy-to-let investment or convenient coastal home.
Lower Ground Floor Flat In The Heart Of Town Tucked away yet conveniently close to the town centre and all of its amenities, this lower ground floor flat presents an excellent opportunity for either a home or investment.
Currently tenanted on an assured shorthold tenancy, it represents a ready-made buy-to-let with reliable income.
Interior The property is arranged over two levels, offering flexible and surprisingly spacious accommodation.
On the ground floor is a double bedroom with a front aspect window and an adjoining en-suite shower room, providing a private and practical sleeping space.
Stairs lead down to the lower ground floor where a good-sized lounge and dining area creates a welcoming heart to the home.
The fitted kitchen is equipped with wall and base units, stainless steel sink, hob and electric double oven with grill, alongside space and plumbing for a washing machine.
A further large storage room offers flexibility, currently used as a store but equally suited to a study or occasional workspace.
Living Room (5.11m x 4.14m (16'9 x 13'7)) Kitchen (2.59m x 2.46m (8'6 x 8'1)) Store (2.57m x1.73m (8'5 x5'08)) Bedroom One (2.72m x 2.87m (8'11 x 9'5)) En Suite (1.52m x 0.91m (5' x 3')) Investment Potential With its central location, versatile layout and current tenancy, this flat makes an attractive proposition for investors.
Equally, with some cosmetic updating, it could be tailored into a convenient town centre home. Further Information Tenure: Leasehold 95 years remaining of 99 year lease EPC: D Council tax band: A
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.
Area
Agent & docs
FAQ
About Basement Flat, 80, Mitchell Avenue, Ventnor
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