Summary - 1 Victoria Avenue, SHANKLIN PO37 6PG
2 bed 1 bath Flat
Ready-made rental close to transport links and coastal amenities.
Currently let at £670 pcm under an assured shorthold tenancy
Long lease: 986 years remaining, leasehold tenure
Compact internal footprint — overall size described as small
Gas central heating and UPVC double glazing installed
Front enclosed courtyard garden; outdoor space is minimal
Close walking distance to town centre, station, beaches and cliff paths
Above-average local crime rate and area deprivation noted
Suitable as buy-to-let or first-time purchase with renovation potential
A compact two-bedroom ground-floor apartment offering an immediate rental income stream. Currently let at £670 pcm, the property suits investors seeking a straightforward buy-to-let in a seaside town with reliable transport links. The layout includes a lounge/dining area, fitted kitchen and shower room; gas central heating and UPVC double glazing are already in place.
The building is a Victorian corner property set in a tucked-away location close to Shanklin town centre, the Old Village, cliff paths and beaches. The long lease (986 years remaining) reduces lease-related risk. The enclosed courtyard garden provides some outdoor space, though it is modest and street-facing windows mean the setting is more urban than private.
Notable drawbacks are the property’s small overall footprint and minimal external amenity space, plus an above-average local crime rate and broader area deprivation indicators — factors that could influence rental demand and longer-term capital growth. The flat is sold leasehold; buyers should confirm service charges and exact tenure details. For an investor after a hands-off, income-generating purchase in a coastal market, this presents clear short-term yield potential, but factor in limited space and local socio-economic considerations when valuing the asset.
1 bedroom ground floor flat for sale in Spring Gardens, Shanklin, Isle of Wight, PO37 — £75,000 • 1 bed • 1 bath • 366 ft²
2 bedroom ground floor flat for sale in Close To Shops * Shanklin, PO37 — £155,000 • 2 bed • 1 bath • 506 ft²
2 bedroom apartment for sale in Atherley Park Close, Shanklin, Isle of Wight, PO37 — £140,000 • 2 bed • 1 bath • 457 ft²
2 bedroom ground floor flat for sale in Wilton Park Road, Shanklin, PO37 — £139,950 • 2 bed • 1 bath • 542 ft²
2 bedroom apartment for sale in Victoria Avenue, Shanklin, PO37 — £159,950 • 2 bed • 1 bath • 657 ft²
2 bedroom apartment for sale in INVESTMENT OPPORTUNITY - Pound Lane, Ventnor, PO38 — £109,950 • 2 bed • 1 bath • 559 ft²
