2-bedroom flat · PO37 6AW
Sold STCListed 69 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A ground floor flat (from road level) being one of three in a building that is well situated towards the outskirts of the town centre and offering easy access to the local shops, amenities and Beach/Esplanade.
The accommodation is warmed by electric heating and has replacement uPVC double glazed windows. Outside, there is parking for one car. The flat is offered with no onward chain.
It comprises: Entrance Hall - With store cupboard Bedroom One - 3.30m x 3.10m (10'10 x 10'2) - Lounge - 3.10m max x 4.06m (10'2 max x 13'4) - Bedroom Two - 2.57m x 2.41m (8'5 x 7'11) - Bathroom - With white suite comprising of panel bath with Triton electric shower over and glazed screen.
Wash basin and WC. Kitchen - 1.91m max x 4.98m (6'3 max x 16'4) - Outside - Parking for one car. Services - Mains electricity, water and drainage available.
Tenure - We understand that Flat 2 co-owns the Freehold with 1 other flat and the Insurance and Maintenance Costs are shared of a one third basis between all of the flats.
Held on a lease balance of 999 years from 31/07/1990. Council Tax - Band A
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
FAQ
About Queens Road, Shanklin
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