Compact seaside flat with communal outdoor space, ideal for refurbishment investors.
Chain-free first-floor apartment, offered at £145,000
Chain-free first-floor apartment in central Ryde, offered at an accessible price and ready for an investor or first-time buyer. The flat has two double bedrooms, a compact lounge/kitchenette with integrated hob and oven, gas central heating and access to a communal courtyard plus an external roof terrace.
The property shows signs of everyday wear and would benefit from cosmetic updating to maximise rental income or resale value — carpet replacement and kitchen/bath refresh are likely. Broadband speeds in the area are reported slow, which may affect some tenants; mobile signal is excellent.
Location is the strongest asset: a short walk to the seafront, beaches, ferry links and local amenities that support strong holiday and lettings demand. Be aware this postcode sits in a very deprived area with very high recorded crime levels, and the property is leasehold rather than freehold. These factors should be considered alongside the low entry price and chain-free sale.
Overall this is a compact, value-driven buy-to-let or starter-home opportunity for someone willing to carry modest refurbishment. The combination of seaside location, communal outdoor space and immediate letting potential makes it an attractive project for investors or first-time buyers prepared to manage some local area challenges.
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