Summary - 46 FLAT 4 FITZROY STREET SANDOWN PO36 8HW
1 bed 1 bath Flat
Small renovation project near Sandown beach with strong rental potential.
Chain-free one-bedroom split-level flat with private courtyard
A compact, chain-free one-bedroom flat tucked to the rear of a Victorian conversion, offered with its own private courtyard and close to Sandown’s beach and town centre. The split-level layout places living spaces to the ground floor and the double bedroom above; the building benefits from period character and double glazing plus mains gas central heating.
The property is sold with 88 years remaining on the lease and an annual service charge/ground rent of £600. It requires full modernisation throughout — cosmetic and likely mechanical updates are needed — but that scope creates clear value-add potential for an investor or buyer seeking a holiday bolthole.
Realistic buyers should note material drawbacks: the flat is small (c. 373 sq ft), in need of refurbishment, and located in an area with higher crime and relative deprivation. Parking is on-street with nearby permit options only. However, proximity to local amenities, bus routes and the train station supports rental demand; with renovation the flat could achieve a strong yield (previous estimate suggests in excess of 10% once refurbished).
This property will suit an investor wanting a short-term refurbishment project, or an individual buyer prepared to upgrade and personalise a compact seaside flat. Important practical facts: leasehold with 88 years remaining, double glazing installed before 2002, mains gas heating, and modest annual service costs.
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