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 work1-bedroom house · PO31 8BN
Listing removedReduced £15k (−10.7%) on 26 AugListed 177 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ground floor studio apartment in one of Cowes' most sought-after locations.
Chain free and ready to go, this is a tidy opportunity for buy-to-let investors, with strong rental demand in the area supporting a healthy yield.
Compact, low-maintenance, and well-positioned close to the sea and a short flat walk into town. Ideal lock up and leave, btl or starter home.
EPC Rating: C Main Reception - Living Area Dimensions: 21' 0'' x 15' 1'' (6.4m x 4.6m) max. A large bright main reception with bay window overlooking the street.
Multi-functional living area - Studio accommodation. Open-plan to kitchen with modern floor and wall mounted storage units. Space and plumbing for white goods. Gas boiler.
Mezzanine Dimensions: 9' 2'' x 9' 2'' (2.8m x 2.8m). Accessed via a wooden alternating tread stair case. Glass balustrade - ideal bedroom space perhaps?
Dressing Room Dimensions: 9' 3'' x 6' 11'' (2.82m x 2.1m). Internal space which would make a great walk in dressing room. Fitted wardrobes and sliding doors.
Bathroom Fitted with a white suite which includes, heated towel rail, panelled bath and shower over, w/c and basin. Outside To the rear of the building is use of a communal garden.
Tenure Share of Freehold. Lease - 989 years remaining. £882 per annum service charge.
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 Flat 4, Thorness House, Cowes
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