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See how verdicts work2-bedroom flat · PO30 2EE
Sold STCListed 191 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This spacious 2 bedroom ground floor apartment forms part of a modern purpose built development situated within easy reach of Newport Town Centre.
Newport Harbour and the popular Medina Leisure Centre are also close at hand, as is Seaclose Recreation Ground, which hosts the Isle of Wight Music Festival.
Benefits include gas central heating, UPVC double glazing, a security entry phone system and an allocated parking space at the rear. An ideal first purchase or investment property.
Communal front and back doors. Communal Hallway: Front Door to: Entrance Hall: Doors off to all rooms. Radiator. Security Entryphone.
Lounge: 14'8" x 13'0" (4.47m x 3.96m) A good sized, light room with two UPVC double glazed windows to the front. Radiator.
Kitchen: 8'2" x 8'0" (2.49m x 2.44m) A Range of fitted base and wall units with built in drawers and easy wipe work surfaces. 1 ½ bowl stainless steel sink unit. Tiled splash backs.
Plumbing for washing machine. Built in oven and hob with extractor over. UPVC double glazed window to the rear. Radiator. Wall mounted gas fired boiler.
Bedroom One: 12'0" x 8'10" (3.66m x 2.69m) Double bedroom with UPVC double glazed window to the rear. Radiator. Bedroom Two: 11'3" x 9'8" (3.43m x 2.95m) UPVC double glazed window to the front.
Radiator. Bathroom: Fully tiled room with bath and shower over. Vanity unit with wash hand basin and storage cupboards. Low level WC. Ladder towel rail. Outside: Allocated parking space.
Communal secure storage area. Tenure : Leasehold Council Tax: B EPC: C
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
Agent & docs
FAQ
About Fairlee Road, Newport, Isle Of Wight, PO30
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