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See how verdicts work3-bedroom flat · PO31 7AA
For saleListed 31 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Chain free!
Situated within the ever-popular Medina Gardens development, Drake House, this impressive three bedroom ground floor apartment offers generously proportioned accommodation, excellent natural light and a highly convenient central Cowes location.
A welcoming entrance hall immediately sets the tone for this spacious home, providing an excellent sense of arrival and access to all principal rooms.
The impressive living accommodation is particularly noteworthy, with a light, bright and airy sitting room extending into a generous dining area.
This is a wonderfully sociable space, with plenty of room for comfortable seating and a dining table, making it equally suited to everyday living and entertaining.
The living space flows through to the separate kitchen, creating a practical arrangement while retaining the feeling of openness throughout the main living accommodation.
The main bedroom is a generous double and benefits from its own en-suite shower room, providing a degree of privacy and convenience.
There are also two further well-proportioned bedrooms, offering excellent flexibility for family, guests, a home office or hobbies.
A separate shower room, recently modernised and thoughtfully upgraded, completes the accommodation.
The apartment forms part of Drake House, within Medina Gardens, a well-established and popular development close to the heart of Cowes.
The development benefits from communal areas and residents' parking, while the ground floor position offers particularly convenient access.
Medina Gardens is ideally positioned for enjoying all that Cowes has to offer.
Located close to the town centre, residents are within easy walking distance of a wide selection of independent shops, cafés, restaurants, pubs and everyday amenities.
The marina and waterfront are also nearby, providing an excellent opportunity to enjoy the sailing atmosphere for which Cowes is renowned.
For those travelling to the mainland, the high-speed Red Jet passenger service to Southampton is easily accessible, with the terminal within a short walk of the development.
The location also provides convenient access to local bus services and the wider island.
Living / Dining Room 8.36m × 4.57m Kitchen 2.7m × 2.44m Bedroom 1 4.93m × 4.42m Bedroom 2 3.05m × 2.84m Bedroom 3 3.05m × 2.18m En-Suite 2.08m × 1.52m Shower Room 2.08m × 1.8m Tenure Share of Freehold - 125-year lease commencing in 2004.
Service/Maintenance Charge of £2,600 Per Annum. The ground rent is £0. Nb 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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
About Flat 21, Drake House,, Medina Gardens, Isle of Wight
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