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 work4-bedroom property · PO38 1QS
Listing removedReduced £20k (−5%) on 21 JunListed 643 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offering wonderful sea views from its raised position is this beautifully presented Victorian property boasting plenty of character features including high ceilings, bay windows, wooden flooring and lovely fireplaces.
The front garden also enjoys the sea views and leads to the entrance door at the side.
Once inside you can fully appreciate what a stunning property this is with its large reception rooms and living space. For convenience there are also 3 WC's in the house.
Each of the large reception rooms and 4 bedrooms have a character all of their own and this substantial, spacious home has been utilised as a very successful 'AirBnB holiday let attracting a very good income.
The town centre and sandy beach are within easy walking distance and main bus routes to other parts of the Island pass at the end of the road.
With modern windows and heating this immaculate home by the seaside is a stunning period example and well worth seeing in person. Freehold Council tax band: 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
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FAQ
About 21, Madeira Road, Isle of Wight
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