2-bedroom flat · PO38 1TW
To rentReduced £95 (−7.3%) on 6 OctListed 49 days · slow let
Opportunity summary
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About
Gas, water, electricity, council tax, broadband and TV licence are included with this short term accommodation.
Offered to the market is this ground floor apartment located in an elevated position on Southgrove Road. It is immaculately presented throughout and furnished to the highest of standards.
The accommodation comprises: Entrance hallway, Open plan Kitchen / living room, Master bedroom, Twin bedroom, Modern shower room.
Additional benefits include gas central heating and an allocated parking space. Viewings come highly recommended.
Please note that the accommodation may be offered under a short term licence to occupy and not under an assured periodic tenancy or any other form of tenancy agreement.
The arrangement grants permission to occupy the accommodation only and does not create a landlord and tenant relationship.
Any reference to "rent" within this advertisement is for marketing purposes only and refers to the licence fee payable by the occupier for the right to occupy the accommodation under the terms of the licence agreement.
The property benefits from a bi-monthly cleaning service to enable cleaning at the property to be maintained, included within the licence fee.
Occupiers will be required to provide access to the property at the scheduled cleaning intervals to enable this cleaning service to be carried out. EPC Rating: D .
Rent excludes the tenancy deposit and any other permitted payments. Deposit payable is £1494.00. A Holding Deposit of £298.00, based on the advertised rent, is required to reserve this property.
Ventnor on the South of the Isle of Wight is a traditional seaside resort, and one of Britain's most famous Victorian health resorts due to its unique micro-climate.
The town lies beneath St Boniface Down (the highest point on the Isle of Wight) and for the most part is built on the side of a steep hill leading down to the seafront and beach.
Ventnor has plenty of things to do both in the town and nearby. Ventnor Beach is a great suntrap, and the sand and shingle beach is great for sunbathing and family swimming.
The beach huts that line the back of the beach are converted Victorian "bathing machines" and are available to hire, along with deckchairs.
Ventnor Harbour and the bandstand development are very prominent on the seafront and offer a great viewing platform to look out to sea, and the Ventnor Haven Fishery sells the best in local crab and lobster.
On the main promenade there is a traditional arcade with a range of amusements, then opposite the harbour the spectacular Cascade Gardens run down the side of the cliff where the main road zig-zags its way back up into the main town.
Further along there is a children's paddling pool which features a giant map of the Isle of Wight, and from here there are great walks to Wheelers Bay and Bonchurch along the Sea Wall.
A short distance from the seafront at the Western side of the town you can stroll through the beautiful Victorian Ventnor Park, which won the "Park of the Year Award" at the South and South East England in Bloom awards in 2014.
This leads onto the famous Ventnor Botanic Gardens at the Undercliff, where the town's micro-climate can be truly appreciated in a 22 acre sub-tropical paradise.
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.
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FAQ
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