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See how verdicts work2-bedroom flat · PO39 0DN
Listing removedListed 201 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*INVESTMENT OPPORTUNITY* A well presented ground floor apartment comprising entrance hall, living room, kitchen/diner, two bedrooms and bathroom.
The apartment benefits from a private fenced rear garden with gated side access and an allocated parking space. The property benefits from a share of freehold.
The property is being sold as an investment opportunity with tenant in situ.
The property is located within walking distance of the beaches at Colwell Bay and Totland Bay, whilst Freshwater village with a range of shops, cafes and restaurants is also easily accessible.
The pretty harbour town of Yarmouth is just a circa 7-minute drive away and features a range of independent shops, cafes and restaurants, as well as a frequent car ferry service to Lymington.
Tenure Leasehold with the benefit of a share of the Freehold. 125 years from 1st January 2008. Service charge for 2024 is £1,106.45. Council Tax Band B 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 The Avenue, Totland Bay, Isle of Wight
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