We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · PO40 9QE
Sold STCListed 154 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*CHAIN FREE* Beautifully presented ground floor flat close to the stunning beach at Freshwater Bay and easily accessible to miles of coastal walks.
The accommodation comprises a bright and airy open plan living/kitchen room with sitting area and breakfast bar, a double bedroom, conservatory and bathroom.
Externally, the property benefits from an allocated parking space and a small private garden with space for seating.
Freshwater Bay, a beautiful pebbled beach popular with swimmers, sits a few minutes walk away.
It is complemented by the newly reopened Albion Hotel, with its' bayside restaurant 'The Rock' from which to enjoy stunning views.
Tennyson Down is just a stone's throw from the property and offers miles of walks along the Island's coastal path.
The popular local shop 'Orchard Bros' offers an array of island produce, and nearby cafes 'The Piano Cafe' and 'Dimbola' both provide delicious food and coffees.
The property is situated a short distance from Freshwater Village, which provides a supermarket, primary school, sports centre and doctors surgery alongside independent shops and cafes.
The pretty harbour town of Yarmouth is just a circa 10 minute drive away and offers boutique shops and restaurants, as well as a mainland link via car ferry to Lymington.
Tenure Share of Freehold. 999 years from 2002. Service charge of £736 per annum payable in two instalments (£368 every six months). No ground rent payable due to share of the freehold.
Council Tax Band A Open Plan Living 4m x 4.24m 13'1" x 13'11" Bathroom 2.6m x 1.55m 8'6" x 5'1" Bedroom 2.57m x 3.7m 8'5" x 12'2" Conservatory 2.41m x 2.41m 7'11" x 7'11" N.B.
Successful buyers will be required to complete online identity checks provided by Lifetime Legal.
The cost of these checks is £80 plus 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.
Area
Agent & docs
FAQ
About Terrace Lane, Freshwater, Isle of Wight
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