2-bedroom flat · PO31 7EH
For saleReduced £10k (−6.3%) on 19 SepListed 205 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Chain free - purpose built apartment - fabulous views of the Solent and River Medina, this two bedroom penthouse apartment is bright and spacious throughout.
EPC Rating: C Entrance Hall - 2nd Floor Communal stairs to second floor, internal lobby, then front door into the apartment. Spacious hall with full height built in cupboard. Doors off to...
Open Plan Living Area Dimensions: 19' 8'' x 13' 9'' (6m x 4.2m) max. Beautiful open plan living room with tall ceilings and two large windows to the front.
Kitchen area with integrated electric oven, gas hob, and extractor. Space and plumbing for washing machine. Bedroom 1 Dimensions: 12' 9'' x 8' 9'' (3.88m x 2.66m).
Double bedroom with window to the rear. Bedroom 2 Dimensions: 12' 9'' x 7' 1'' (3.88m x 2.15m). Bedroom with velux roof window to the rear. Bathroom Dimensions: 8' 0'' x 5' 9'' (2.45m x 1.76m).
Bath with shower over. WC and basin. Velus roof window to the side. Outside There are communal gardens with washing lines.
Please note there is not parking included with this property and any cars shall have to be parked on street where available.
Tenure Leasehold: On completion of sale there will be an extended lease with 123 years remaining. Current Ground Rent £150 pa. Current Service Charge £46pcm.
Insurance Contribution £508 p.a Nb: The photos and video are historic from before the current tenant moved in, but remain a fair representation of the property, subject to potential buyer's viewing in person to satisfy themselves.
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
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FAQ
About Flat 8, Francesca Court, Cowes
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