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See how verdicts work1-bedroom flat · PO37 7JE
Sold STCReduced £15k (−15%) on 26 OctListed 223 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
- 1 Bedroom First Floor Flat - Allocated Parking Space - Separate Living Room and Kitchen - Walking Distance to Bus Stop - Close To Shanklin Town Centre - Communal Garden Area Summary A well-presented and spacious 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 is currently in the process of being extended and will provide the benefit of the balance of a new 990-year term, offering long-term peace of mind for prospective buyers.
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 (Currently being extended to offer the balance of a new 990 Year Lease) Service Charge £528 per annum.
Ground Rent No ground rent payable. Council Tax Band A EPC D
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 Witbank Gardens, Shanklin, Isle of Wight
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