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See how verdicts work2-bedroom flat · PO31 7NU
For saleReduced £30k (−10.5%) on 29 JulListed 424 days
Opportunity summary
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About
A 2 bedroom apartment arranged over a single floor including a sitting room with balcony, bathroom and kitchen, a share of A private pontoon entitling an owner up to 5 metres mooring space and also with a hugely sought after private parking space.
The dredging of the Tides Reach pontoon basin has now been successfully completed so potential new owners of Flat 1 will have full access to the pontoon during all stages of the tide which the current owner says have saved him thousands in mooring fees over the years that he has owned the property.
The pontoon recently had new larger piles installed. Chain Free!
1 Tides Reach Is situated in a small, peaceful gated development -a super private location which is within a few short minutes level walk of Cowes town centre giving easy access to a variety of sailing clubs, local pubs, restaurants and boutiques, plus the high speed Red Jet to Southampton.
The accommodation is arranged over a single floor and includes a sitting room with balcony, 2 bedrooms, bathroom and kitchen all with the added benefit of owning a share of A private pontoon entitling an owner up to 5 metres mooring space and also with a hugely sought after private parking space.
The flat is accessed from the ground floor with further access to the lower ground floor gated parking area and pontoon.
Entrance From Birmingham Road there is a gated entrance down to Tides Reach and parking for the property. The apartment is accessed from Birmingham Road.
Steps upto a security door into the communal hallway. Stairs to the lower ground floor lead to the water access and parking. Entrance Hall Security entry system.
Built in cupboard housing the water tank. Kitchen Fitted with wooden base and wall units with worksurface over. Built in oven, electric hob and fridge. Space and plumbing for washing machine.
Window to the front looking out to Mill Hill Road. Sitting/Dining Room Patio doors lead out to a recently renewed teak effect decked balcony where Solent and harbour views can be enjoyed.
Bedroom A double bedroom. Window looking out to the harbour. Ensuite Shower Room Suite comprising of corner shower cubicle, wash hand basin and low level WC. Bedroom A further double bedroom.
Window to the rear looking out to Mill Hill Road. Fitted wardrobe. Bathroom Suite comprising of bath with shower over. Wash hand basin. Low level WC.
Outside The flat is accessed from the ground floor with further access to the lower ground floor gated parking area and pontoon. One allocated parking space.
Access to the water frontage with slipway and share of a private pontoon entitling the owner up to 5 meter mooring space.
Other Information *Holiday letting is not permitted* Tenure: Leasehold with a share of the freehold. Lease extended to 999 years in Jan 2024.
Service charge: £1700 in 2025 Pontoon Lease: 13 years to run from 2024 Pontoon reserve fund: £500 per annum. Heating: This home is heated via night storage heaters and electric heaters.
EPC: Energy Rating D Council tax: Band C
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.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About 1, Tides Reach, Cowes
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