2-bedroom flat · PO31 8BT
Sold STCListed 222 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Seafront garden level retirement apartment with panoramic Solent views over the busy Solent. Offering two bedrooms, one of which has an en-suite bathroom. There is also a separate shower room.
Electric heating was upgraded a couple of years ago along with new flooring throughout.
Briary Court is a purpose built retirement development and surrounding the property are communal gardens and this apartment enjoys its own GARAGE Within Briary Court there is a heated indoor swimming pool, residents lounge, laundry room and guest suite.
Viewing of this front row home is highly recommended.
Lounge/Diner - 4.52m x 3.51m (14'10" x 11'6") - A bright dual purpose reception with sea facing views and french style doors out on to the communal gardens.
Kitchen - 2.39m x 1.78m (7'10" x 5'10") - Equipped with plenty of storage units and contrasting counter top. Inset with freestanding electric cooker. Space for an upright fridge freezer.
Hall - Accommodation off. A large airing cupboard with water cylinder and fuse boxes etc. Shower Room - Fitted with a corner shower cubicle and electric shower, WC and basin. Extractor.
Bedroom One - 4.29m x 2.69m (14'1" x 8'10") - Large double bedroom with a view of the sea. Built in wardrobe cupboard.
En-Suite - A modern fitted bathroom suite including panelled bath with shower over, vanity sink and WC. Extractor. Heated towel rail.
Bedroom Two - 3.81m x 2.31m (12'6" x 7'7") - A second double bedroom with sea views. Large built in wardrobe for storage. Outside - Garage located in block near by. Tenure - Council Tax Band E.
Leasehold. 125 Years from 1989. Service charge approximately £5,000 PA. Ground Rent Approx £575.70 PA.
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
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FAQ
About Egypt Esplanade, Cowes
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