2-bedroom flat · PO40 9BE
Sold STCListed 295 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*CHAIN FREE* Two bedroom first floor apartment with an allocated parking space ideally situated close to Freshwater village centre.
A purpose built first floor apartment, centrally located within the village, accessible to shops and amenities.
Comprising a secure communal entrance, hall, spacious living room with adequate space for a dining area with a table, kitchen, two bedrooms and a bathroom.
The property also benefits from an allocated parking space. Freshwater village centre offers a variety of shops and cafes plus sports centre, library, doctors surgery and primary school.
The beaches of Totland Bay, Colwell Bay and Freshwater Bay are only a short distance away and are popular with families as well of those who want to enjoy a variety of water sports and sailing.
The West Wight is renowned for its miles of countryside walks and coastal paths which can be easily reached from the property.
The harbour town of Yarmouth with frequent car ferry service to Lymington is within a 7 minute drive. Tenure Leasehold with share of the freehold. 125 years from 2003. No ground rent payable.
Service charge for 2026 is £108 per calender month.
Council Tax Band B Hall Open Plan Living/Kitchen 5.1m x 5.6m Bedroom 1 4.3m max x 3.8m max Bedroom 2 3.18m x 2.03m Bathroom 2.9m x 1.96m NB.
Successful buyers will be required to complete online identity checks provided by Lifetime Legal.
The cost of these checks is £80 plus VAT per purchase which is paid in advance, directly to Lifetime Legal.
This charge verifies your identity in line with our obligations as agreed with HMRC and includes mover protection insurance to protect against the cost of an abortive purchase.
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 Silcombe Lane, Freshwater, Isle of Wight
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