1-bedroom flat · PO37 7JE
For saleListed 48 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious and well-presented one-bedroom first-floor flat, offering generous accommodation throughout and benefiting from an allocated parking space.
Ideally situated within easy reach of local shops and amenities, the property also enjoys access to a communal garden area.
Further enhancing its appeal, the lease has recently been extended and now provides the benefit of the balance of a new 999-year term from 1986 offering long-term peace of mind for prospective buyers.
The cooker, fridge/freezer and washer/dryer are all included, providing the new owner with the convenience of essential appliances already in place.
With its long lease, no ground rent, allocated parking, communal garden and appliances included, this property offers an appealing combination of space, practicality and value.
Entrance Hall Living Room (3.43m x 2.77m) 11'3" x 9'1" Kitchen (3.33m x 2.1m) 10'11" x 6'11" Bedroom (3.33m x 3.05m) 10'11" x 10' Shower Room (2.2m x 1.32m) 7'3" x 4'4" Outside - 1 Allocated Parking Space - Communal Garden Area Services - Free Standing Electric Room Heaters - Electric Immersion Water Tank Tenure Leasehold (999 Years from December 1986) Service Charge £570.96 per annum.
Ground Rent No ground rent payable. Council Tax Band A EPC D Please Note: Successful buyers will be required to complete online identity checks provided by Lifetime Legal.
The cost of these checks is £80 + VAT per purchase which is paid in advance, directly to Lifetime Legal.
This charge verifies your identity in line with our obligations as agreed with hmrc and includes mover protection insurance to protect against the cost of an abortive purchase.
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
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FAQ
About Flat 4, 3, Witbank Gardens, Isle of Wight
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