2-bedroom flat · PO30 5UN
Sold STCListed 47 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within Somers Brook Court, a well-maintained development of 58 assisted living apartments for the over 70s, this spacious two-bedroom property offers comfortable, secure, and independent living with the reassurance of on-site support.
The apartment comprises a bright lounge/dining room with direct access to a private balcony, a modern fitted kitchen, two well-proportioned bedrooms, and a bathroom featuring both a separate bath and walk-in shower.
There is also a separate WC, ample storage, and underfloor heating throughout for added comfort.
Residents at Somers Brook Court benefit from excellent facilities, including a 24-hour emergency call system, 365-days-a-year on-site staffing, and a camera entry system for peace of mind.
The development also features a function room, guest suite, homeowners’ lounge, landscaped gardens, a lift to all floors, and a table-service restaurant for convenient daily dining.
Located in the heart of Newport, this apartment provides easy access to local shops, services, and transport links while offering a welcoming and supportive community environment.
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
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FAQ
About Flat 23, Somers Brook Court,, Foxes Road, Isle of Wight
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