2-bedroom house · PO32 6FW
To rentListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold A modern purpose built, first floor apartment. Available on a long let from November 16th- unfurnished. 2 bedrooms and 2 bathrooms.
Located on the new development at East Cowes, within a quiet cul de sac. River views and across to Cowes.
Deposit £1005 - EPC - C - council tax - B EPC Rating: C Lounge/Diner Dimensions: 17' 3'' x 13' 11'' (5.27m x 4.25m). Large open plan Lounge/Diner - With Juliette balcony.
Kitchen Dimensions: 10' 5'' x 6' 7'' (3.18m x 2.0m). Open plan to the lounge. With breakfast bar, storage units, integrated gas hob and electric oven. Washing machine and fridge/freezer.
Bedroom 1 Dimensions: 13' 1'' x 8' 9'' (4.00m x 2.67m). Double bedroom - built cupboard and en-suite. En-Suite Shower cubicle, w/c and basin. Bedroom 2 Dimensions: 9' 10'' x 8' 9'' (3.0m x 2.66m).
Double rear aspect double bedroom. Bathroom Family bathroom - with panelled bath, w/c and basin. Parking On street parking, not private/allocated.
Please Read Prospective tenants are required to have a combined income of at least 2.5x the rent to pass affordability checks.
If tenant income does not meet this threshold and/or they have poor credit history they may be required to provide a Guarantor.
Guarantors are required to have an income of at least 3x the rent to pass affordability checks, plus no negative credit history.
Based on the advertised rent of: £875pcm, the income thresholds are: Tenant(s): £26,250 per year or Guarantor: £31,500 per year We do not discriminate on where income comes from - earnings, benefits, pensions, investments etc are all treated equally.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About 8 Waterside Close, East Cowes
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