3-bedroom flat · PO31 7UR
Listing removedReduced £20k (−10%) on 21 JunListed 355 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
What an opportunity! - A blank canvas - Complete renovation required of this unique 3 storey apartment. Located in the heart of Old Town Cowes.
Potential here, offers accommodation of up to 3 bedrooms and a lounge diner with exceptional sea views.
Chain free Entrance The property can be entered from the rear of the building and accessed via a steel staircase for both numbers 1 & 2 The Yard.
Hall Front door opens onto a wide hall - accommodation off. Bathroom (9' 8'' x 6' 7'' (2.95m x 2.0m)) Previously a bathroom, large room stripped of any usable facilities.
Bedroom 1 (13' 6'' x 10' 4'' (4.12m x 3.14m) max) Double bedroom with unique curved wall. W/C W/C and basin.
Sitting Room (16' 10'' x 14' 5'' (5.13m x 4.4m)) Was previously arranged as an additional reception. More likely to be a large third bedroom. Curved wall - views towards the sea.
Bedroom 2 (14' 5'' x 7' 7'' (4.4m x 2.3m)) Bedroom with side aspect window - An ensuite could be a possibility here also.
Top Floor Dining Room (16' 11'' x 14' 5'' (5.15m x 4.4m)) A wonder reception with stunning views of the Solent. Again with the unique curved wall.
Kitchen (14' 1'' x 7' 8'' (4.3m x 2.33m)) A space that was previously the kitchen - Completely stripped. Tenure Share of freehold.
Ground Rent: Zero Service Charge: Zero ('as and when' shared with joint Freeholder). This property benefits for 50% share of freehold of 64 & 65 High St, along with the neighbour at No.1 The Yard.
N.B With no live connected services or running water - the property may not be suitable for a mortgaged buyer -please check with your bank/building society or broker for advice.
If buying with a mortgage the property will remain for sale until a mortgage offer has been granted on the property.
In addition the current EPC is registered as 'D' - this was logged before the property was stripped out.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
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
FAQ
About 2 The Yard, High Street, Cowes
Explore nearby
.png){kind=logo}
