2-bedroom flat · PO33 2DT
No longer listedReduced £55 (−6.5%) on 15 SepListed 65 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious 2-bedroom apartment in the heart of Ryde with all the amenities on your doorstep. Open-plan kitchen/lounge/diner. Recently refurbished throughout. Gas heating.
EPC C - Communal courtyard terrace. Entrance Communal staircase to first floor and communal courtyard terrace.
Hallway Spacious Hallway leading to Kitchen/Lounge/Diner 3.99 m x 1.57 m (13'1" x 5'2") Electric oven, gas hob, electric extractor, space for a washing machine and an under-counter fridge.
Lounge/ Diner 2.71 m x 4.60 m (8'11" x 15'1") Light, spacious area. Sash-box bay window at the front of the property.
Bedroom 3.10 m x 4.10 m (10'2" x 13'5") Large double bedroom - windows overlooking the communal courtyard.
Bedroom 1.86 m x 5.21 m (6'1" x 17'1") Sash windows to the front of the property - overlooking Union Street. Bathroom Recently renovated. Bath with shower over. Shower screen.
Cupboard housing the gas boiler.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Flat 3, Pilkington Court 23A, Union Street, Ryde, Isle Of Wight
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