2-bedroom flat · PO30 5ZF
For saleReduced £10k (−7.7%) on 29 SepListed 70 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market with no onward chain, this two bedroom ground floor apartment is spacious in size and largely benefits from an allocated parking space, communal gardens all within a short walk of Newport Town & local schools.
As you enter the property you are met with a generous sized hall benefitting from storage cupboard.
The accommodation comprises; bright lounge/diner, kitchen, 2 bedrooms & bathroom - all have been recently redecorated & re-carpeted throughout.
At the back of the apartments is a communal garden which makes a great place to relax or dry washing.
Located next to the flats is the allocated parking space - a huge benefit this close to Newport town.
The property represents a great purchase for first time buyers, professional couples, those requiring lateral living or investors as a buy-to-let which are highly sought after in this part of Newport.
N.B. The property is being sold with 50% of the freehold, enabling easy extension of the lease.
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
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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
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FAQ
About 55, Westminster Lane, Isle of Wight
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