2-bedroom flat · PO33 2HD
Let agreedListed 92 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available now - EPC/C - council tax/B - deposit £980 - unfurnished - 2 bed apartment - off street parking EPC Rating: C Hallway Ample space to take your coat and shoes off. Window to side.
Two storage cupboards. Doors off to- Living Room Dimensions: 13' 5'' x 11' 2'' (4.09m x 3.40m). A good size room with space for living and dining furniture. Bay window to front aspect.
Window to side aspect. Kitchen Dimensions: 7' 7'' x 7' 5'' (2.31m x 2.26m). Fitted with a range of wall, drawer and base units with work surfaces over.
Fridge/Freezer, washing machine and electric oven and hob. Window to side aspect. Bedroom 1 Dimensions: 12' 9'' x 9' 4'' (3.88m x 2.84m). A good size double room with window to front aspect.
Bedroom 2 Dimensions: 11' 2'' x 7' 4'' (3.40m x 2.23m). Another double room with window to side aspect. Bathroom Fitted with a suite comprising bath with shower over, wash hand basin and low level WC.
Outside Allocated, single off street parking space. Please Read Prospective tenants are required to have a combined income of at least 2.5x the rent to pass affordability checks.
If tenant income does not meet this threshold and/or they have poor credit history they may be required to provide a Guarantor.
Guarantors are required to have an income of at least 3x the rent to pass affordability checks, plus no negative credit history.
Based on the advertised rent of: £850pcm, the income thresholds are: Tenant(s): £25,500 per year or Guarantor: £30,600 per year We do not discriminate on where income comes from - earnings, benefits, pensions, investments etc are all treated equally.
Parking - Off Street
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
FAQ
About Flat 5, Parkmead Court Park Road, Ryde
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