3-bedroom flat · PO37 6AG
Listing removedReduced £50k (−12.5%) on 21 JunListed 876 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This exceptionally presented duplex apartment is located within the superior development of The Bay House just a stone's throw from Shanklin beach, Chine and Old Village.
The apartment is arranged with an open plan living area and balcony on the ground floor with bedrooms on the lower ground floor.
All rooms are exquisitely appointed with top quality fittings to the kitchen and bathrooms. There is a large utility/cloakroom as well as storage within the property.
The apartment also has its own allocated parking space to the rear, The Bay House is a landmark property which was only completed in 2023 and comprises of 14 apartments.
The location and position give you access to all Shanklin's amenities right from your own door.
Several of the apartments have been successfully holiday let and provide luxury accommodation for holiday makers for a premium price. Equally this would make a wonderful permanent home by the sea.
Room sizes: Hallway Kitchen/Living Room (L-shaped) 17'9 x 13'5 (5.41m x 4.09m) plus 12'9 x 10'7 (3.89m x 3.23m) Cloakroom/Utility Room 7'11 x 7'10 (2.41m x 2.39m) Balcony Bathroom Bedroom 1 16'10 x 9'9 (5.13m x 2.97m) Bedroom 2 16'11 x 8'11 (5.16m x 2.72m) Bedroom 3 16'5 x 8'11 (5.01m x 2.72m) En Suite Shower Room Allocated Parking 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.
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 Pittis, 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.
Council Tax band: D Tenure: Leasehold Annual service charge: £ 1200 Years remaining on lease: 995
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Chine Avenue, Shanklin
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