Summary - Ground Floor Flat, 26 St. Johns Road PO33 2RN
1 bed 1 bath Apartment
Auction opportunity near town and seafront for hands-on investors or renovators.
Vacant basement flat approximately 575 sq ft ideal for refurbishment
Sold by online auction; six weeks completion required
Long lease: 111 years remaining
Requires full renovation; buyer to allow for upgrade costs
Service charge £840 pa and ground rent £200 pa (below average)
Close to Ryde town centre, train station and seafront
Very deprived local area; crime level average — factor location risks
Mains gas heating, double glazing; excellent mobile and fast broadband
A one-bedroom basement flat of about 575 sq ft presented for sale by online auction with six weeks’ completion. The property is vacant and requires full refurbishment, offering a clear canvas for a buyer prepared to invest in updating and reconfiguring the space.
Positioned within walking distance of Ryde town centre, the train station and the seafront, the flat suits investors targeting the strong local rental market or buyers seeking capital growth after renovation. The long lease (111 years) and low service charge and ground rent help reduce holding costs.
Key positives include mains gas central heating, double glazing, and excellent mobile and fast broadband. Material considerations: this is a basement unit in a very deprived area, needing renovation, and it will be sold at auction. Buyers should allow for refurbishment costs and check any required building works or permissions.
This lot will appeal most to investors or hands-on buyers who can refurbish economically; the vendor indicates potential for strong gross rental yield. Viewings and surveys are recommended before bidding to confirm scope and costs of works.
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