1-bedroom flat · PO31 8BN
Listing removedListed 174 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.
Main Reception - Living Area (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 (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 (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
FAQ
About Flat 4, Thorness House, Cliff Road, Cowes
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