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See how verdicts work2-bedroom flat · PO37 6EA
For saleListed 577 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market 'chain free' is this 2 bedroom apartment located just a 3 minute walk from the sandy beach and sea front in Shanklin.
The flat is located on the first floor of this well presented, period building and accessed through the freshly decorated communal entrance.
The property benefits from allocated parking to the front and a lawned communal garden to the rear (with 2 sheds for private use of this flat) The internal layout comprises a large, bay fronted lounge and dining room with side sea views, 2 double bedrooms with fitted wardrobes, the kitchen and bathroom.
The flat is well presented throughout and has both double glazing and gas central heating too.
Apart from the beach being so close, the town centre shops as well as main bus routes and even the train station are just a 5 minute walk away.
This would make an ideal purchase for first time buyers or even for those looking for a holiday home given its excellent location.
Share of freehold - leasehold: 999 years from 25 December1995 (969 years remaining plus share of freehold) service charge: £0 monthly ground rent: £0 pa Pets allowed holiday lets allowed
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
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FAQ
About Flat 2, 10, Hope Road, Isle of Wight
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