4-bedroom detached house · PO33 3RD
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are instructed by the vendors to sell this detached property for the highest offer in excess of £400,000.
If you are looking for something different, and something that has a little extra, then here it is.
The Forge sits in the very heart of Binstead village and at one time was not only home to the village Blacksmith, but was also place that played host to local village 'dances'.
The four bedroom stone built home dates back to the 1800s and the benefit of a number of outbuildings, including the original forge; part of which was at one time used as a hairdressing salon.
There is also a detached stone built stable to the rear which, subject to planning consent, could perhaps be converted into another dwelling.
There are gardens, off street parking and the property is being sold with no onward chain.
Covered entrance porch with front door to: Hall: This 'L' shaped reception area includes a large open space with room for various items of furniture. UPVC double glazed window to the side.
Two radiators. Direct access into both the living room and kitchen/diner plus doors to other rooms.
Kitchen/Diner: 21'6 x 11'6 (6.55m x 3.51m) This good sized room is split into two distinctly separate areas and yet makes one large, sociable family room.
The kitchen area has a built in oven, hob and grill as well as integral fridge, freezer and dishwasher. Plenty of floor and wall units with easy wipe worksurfaces.
Stainless steel sink unit with mixer tap. UPVC double glazed windows to the side and rear plus a UPVC double glazed door to outside.
The dining area has plenty of space for the family table and chairs. UPVC double glazed door leads to the garden. Radiator.
Living Room: 12' (into recess) x 10'0 (3.66m (into recess) x 3.05m) A comfortable and cosy living room with an attractive stone backed fireplace. UPVC double glazed window to the front. Radiator.
Bedroom One: 12'3 (into recess) x 12'0 (3.73m (into recess) x 3.66m) A very useful ground floor bedroom or alternatively a study or extra reception room. UPVC double glazed window to the front.
Radiator. Utility Area: Space and plumbing for a washing machine. Wall mounted boiler. Bathroom: Suite comprises panelled bath, pedestal wash hand basin, freestanding shower cubicle and low level WC.
UPVC double glazed window to the rear. Radiator. First Floor Landing: Doors off to all rooms. Bedroom Two: 14'9 x 10'9 (4.50m x 3.28m) Double bedroom with UPVC double glazed window to the front.
Radiator. Bedroom Three: 12'0 x 10'0 (3.66m x 3.05m) UPVC double glazed window to the front. Radiator.
Bedroom Four: 8'0 x 7'9 (2.44m x 2.36m) Single bedroom with UPVC double glazed window to the rear. Radiator. Cloakroom: Wash hand basin and low level WC.
Outside: There are lawns to the front, side and part of the rear with an array of shrubs and bushes. The iron anvil original and grinding stone are also in the garden. Driveway parking.
Forge Building: 34'0 x 16'0 (10.36m x 4.88m) Attached to the main house and with the original Blacksmith fire, chimney and cooler. Further sheds and storage areas to the rear.
Part of this building has been partitioned off and has a separate door.
Stable: This detached stone built stable is situated to the rear of the property and could be converted, subject to gaining planning consent. Air Raid Shelter Built in 1941 and now overgrown.
Parking: Off road driveway parking Tenure: Freehold EPC: E Council Tax: E
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 Binstead Road, Ryde, Isle Of Wight, PO33
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