2-bedroom flat · PO30 5WJ
Sold STCListed 138 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
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Located on the brand new Three Oaks development in Newport, Isle of Wight, we're delighted to release a collection of beautifully designed two bedroom apartments - an ideal choice for first time buyers, growing households, or anyone seeking modern, low maintenance living.
Step inside to a welcoming entrance hall with handy storage space.
Both double bedrooms offer comfortable proportions and flexibility for furnishings, while the contemporary bathroom is finished in a clean, modern style.
The highlight of the home is the large open plan kitchen, living and dining area - a bright, versatile space perfect for everyday living, hosting, or working from home.
Ground floor apartments also benefit from a private terrace, creating an effortless indoor outdoor flow.
Overall, these well presented apartments deliver stylish, practical living in a popular Newport location and represent a fantastic opportunity for a wide range of buyers.
Key features: ** Stunning open field views - peaceful outlook across surrounding green space (Select apartments) ** Close access to the Red Squirrel Route - ideal for walking, cycling and exploring the local area Financial Information (starting from) " Full market value: £190,000 " Example share: 40%* " Share value: £76,000 " Monthly rent (based on 40% share): £237.50 pcm " Service charge estimate: £75 pcm Room sizes: Ground floor Entrance Hall Kitchen / Living / Dining 9'8" x 23' (2.95m x 7.02m) Bedroom 1 11'2" x 11'8" (3.41m x 3.56m) Bedroom 2 7'9" x 11'8" (2.36m x 3.56m) Bathroom Outside Allocated Parking EV Charging Point The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
If buying to rent, please check if Local Authority licensing schemes apply before proceeding. Legal advice should be taken to verify fixtures/fittings, planning, alterations and/or lease details.
Appliances & services are untested, dimensions are approximate and floor plans are not to scale. We are pleased to offer our customers a range of additional services to help them with moving home.
None of these services are obligatory and you are free to use service providers of your choice.
Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services.
If you choose to use a service provider recommended by Cubitt & West, details of all referral fees can be found at the link below.
If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you. Years remaining on lease: 990
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 advisors 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 25, Evergreen Way, Newport
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