1-bedroom flat · PO33 4QE
Listing removedListed 209 days
Opportunity summary
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About
A nicely presented 1 bedroom ground floor apartment with the added advantage of its own private garden.
Please note this only has 43 years left on the lease ( but can be extended), therefore CASH BUYERS ONLY Offered as CHAIN FREE.
The accommodation with approximate measurements comprises: Double glazed door to Small hallway Doors to: Lounge Diner 5.41 m x 3.45 m (17'9" x 11'4") Double glazed window to front aspect. Radiator.
Kitchen 3.39 m x 2.37 m (11'1" x 7'9") Fully fitted with matching wall, base and drawer units. Free standing cooker. Space for washing machine and fridge / freezer.
Stainless steel sink and drainer with mixer tap. Tiled splash. Wall hung Glow Worm boiler.
Inner hallway Two large storage cupboards doors to: Bedroom 3.20 m x 3.40 m (10'6" x 11'2") Double glazed window and door to private garden. Radiator. Built in wardrobe.
Bathroom 2.19 m x 1.98 m (7'2" x 6'6") Double glazed window to rear aspect. Bath with shower over. Low level WC. Hand basin. Heated towel rail. Outside Rear: Fully enclosed garden.
Mainly laid to lawn. Mature shrubs. Patio area. Timber shed. Gate to front aspect. Additional information Tenure: Leasehold 99 years from 25th March 1970.. 43 years remaining.
We have inquired about a new lease this would be in the region of £40,000 Management fee: Management / Service charge tbc Ground rent: £10 per annum due on the 25th of March each year Council tax band: "A" EPC: "C"
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
Agent & docs
FAQ
About Rectory Drive, Wootton Bridge, Ryde, Isle Of Wight
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