Modern Method of Auction
Auction date not yet published
2-bedroom flat · PO30 3FE
Sold STCListed 261 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**** Please note this property is open to both cash and mortgage buyers**** Located on the outskirts of Newport, forming part of the fabulous Gatcombe Manor Estate, surrounded by tranquil gardens and woodland, this two-bedroom first-floor apartment is well maintained and beautifully presented throughout, with the added benefit of no onward chain.
This spacious apartment is set within an impressive, gated development comprising a combination of beautifully converted Victorian buildings and newly constructed homes.
Hardy Villas forms part of a characterful historic building which has undergone an extensive renovation project to offer a collection of high-specification apartments.
Boasting contemporary finishes that sympathetically enhance the character of the building, the apartment is presented with fresh white décor which is enhanced by the natural light from the tall sash windows whilst high ceilings provide a sense of grandeur throughout the accommodation.
The accommodation comprises; open plan living area with a contemporary kitchen complete with integral appliances, two double-sized bedrooms, one of which is ensuite, and a family bathroom.
Outside, there are two allocated parking spaces, and this historic development is surrounded by flourishing woodland and expansive green spaces that provide a wonderfully peaceful setting exclusively for residents to enjoy.
This property is offered through Modern Method of Auction and is subject to an undisclosed 'Reserve Price.' Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.
A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £445.00 inc. VAT towards the preparation cost of the pack.
The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.
These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Value & comps
No previous sales on record.
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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 starting price
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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.
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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 Whitecroft Park, Newport, Isle of Wight, PO30
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