2-bedroom flat · PO31 7QJ
For saleListed 496 days
Opportunity summary
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About
An exceptional seafront penthouse apartment occupying a prime position with multiple terraces and unrivalled sea views Apartment 23, Number One, The Parade Number One, The Parade is situated in a prime position on Cowes Parade, perfectly located for watching the sailing races off Cowes as well as shipping movements along The Solent.
The apartment is within easy walking distance of the wide array of shops and restaurants and a short walk from the High Street and fast Redjet ferry service to Southampton.
Situated approximately 100 metres from The Royal Yacht Squadron, it is within an easy walk of all the principal yacht clubs within this international sailing mecca.
This fourth floor penthouse occupies the prime position within the building constructed in 2007 with generous terraces from which to enjoy the best of the views of the Harbour Entrance and wider Solent.
The penthouses were fitted to a superior grade when compared to the other apartments and include Italian designer kitchens, air conditioning and underfloor heating.
Accessed via a secure gated entrance into a contemporary landscaped courtyard to the rear of the building, the apartment benefits from communal bike and bin stores.
There is a storage locker on the lower ground floor in addition to a communal gym.
The apartment can either be accessed via a lift, with coded access allowing it to arrive directly into the apartment, or via its own front door on the third floor with curved staircase that leads up to the penthouse.
Accommodation Entrance hall Storeroom housing hot water cylinder with storage space and adjacent cupboard housing Vaillant gas fired boiler.
Kitchen/ living room A spectacular living space with superb sea views and access to three balconies.
The main seating area has bi-fold doors opening to the terrace along with adjacent deep windows overlooking the Harbour Entrance and Solent beyond.
Oak flooring extends through to the dining area and on to the kitchen, fitted with Italian designer base and wall cupboards and stainless-steel work surfaces.
There is a range of integral AEG appliances including a four-ring hob with extractor over, washing machine, dishwasher, fridge, freezer, wine fridge and double oven concealed behind a sliding door.
From the kitchen, bi-fold doors open to a south-facing terrace overlooking the central courtyard and Old Town Cowes.
Bedroom 1 A superb double bedroom with bi-fold doors opening to the terrace with fabulous Solent views, built-in wardrobe and cupboards.
Shower room Tiled throughout with natural limestone and featuring large shower, contemporary wash basin, WC and heated towel rail.
Bedroom 2 A double bedroom with bi-fold doors opening to the south-facing balcony.
Bathroom Fully tiled in limestone, bath with separate shower over and shower screen, wash basin, WC and heated towel rail.
Outside Along the northern side of the apartment is a generous curved terrace with views towards the Royal Yacht Squadron and Southampton water extending across to the Portsmouth coastline.
A further terrace extends along the southern and western elevations with further balconies to the eastern side. Services Mains water, electricity, gas and drainage.
Underfloor heating via gas fired boiler. Air conditioning. Tenure 999 year lease from 2007 and share of the freehold. Service charge of £4,021 inclusive of building insurance.
EPC tbc Postcode PO31 7QJ Council tax band H 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 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. 4.
VAT: The VAT position relating to the property may change without notice.
Value & comps
No previous sales on record.
Returns
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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.
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About Apt 23, Number One, The Parade, Cowes
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