3-bedroom flat · PO37 6ER
Sold STCListed 203 days
Opportunity summary
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About
- Modern Purpose Built First Floor Apartment - Lift to All Floors, Allocated Parking Space - 3 Bedrooms, 2 Bathrooms - Short Walk to Beach and Town Centre Shops - Outside Storage Unit To Rear - Chain Free Sale Summary This impressive purpose-built first floor southerly facing apartment with Lift access, was constructed in 2016 to a high standard.
The apartment is situated in a peaceful location within walking distance to all local shops, restaurants, train station and Shanklin beach.
The well-presented accommodation is spacious throughout and features three bedrooms (including one with an en-suite shower room), modern Kitchen/diner, large lounge with French doors and Juliet balcony and a large stylish bathroom with shower.
The property benefits from allocated parking at the front, a secure brick built storage cupboard to the rear and a communal outside drying area.
There are far reaching countryside views, along with glimpses of the sea from the front.
The sale also includes a share of the freehold and residents enjoy a low annual service charge, making this a great full-time home or an ideal lock up and leave holiday home.
Entrance Hall Lounge 4.75m x 3.63m Kitchen / Dining Room 3.4m x 3.35m Bedroom 1 3.96m x 3.23m Ensuite Shower Room 2.1m x 1.17m Bedroom 2 3.8m x 2.74m Bedroom 3 2.67m x 2.44m Bathroom 3.2m x 1.98m Outside - Allocated Parking Space - Brick Built Storage Cupboard - Clothes Drying Area Services - Gas Central Heating Tenure Share of Freehold (Leasehold: 999 Years from 1/1/2016) Charges No Ground Rent Payable Service Charge: £720 per annum Council Tax Band C EPC B
Value & comps
No previous sales on record.
Returns
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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 Culver Road, Shanklin, Isle of Wight
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