We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom house · PO30 5AR
Listing removedReduced £10k (−3.6%) on 3 JulListed 230 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Occupying an elevated position in a sought after area of Carisbrooke this large two/three bedroom house benefits from views across Newport, Carisbrooke and the local countryside in a quiet street on the outskirts of Newport town.
The Edwardian part of the house has retained its original period fireplaces ensuring the property is cosy and characterful.
The room at the front of the house has been a bedroom and is at present a home office, providing flexible accommodation to suit the new buyer’s needs.
The recent lounge/diner extension, with its vaulted ceiling is a spacious, light and airy addition to the property that benefits from French doors that seamlessly link the living accommodation & outside space.
A well-appointed kitchen and the family shower room complete the downstairs accommodation, whilst the first floor houses the 2 double bedrooms. There is a long rear garden.
Beyond the traditional lawn, shrubs, cherry and peach trees is a gate which leads to a woodland area, a tranquil space and haven for nature.
There is a quiet seating area & room for growing vegetables.
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
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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
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FAQ
About 62, Alvington Road, Isle of Wight
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