Summary - 6A, UNION STREET PO33 2DU
2 bed 1 bath Apartment
Characterful two-bed in central Ryde — auction sale with renovation potential..
Chain free split-level first floor apartment, 657 sqft
Central Ryde location — shops, transport, ferry nearby
Two bedrooms, one bathroom; large character lounge with high windows
Sold at modern auction — buyer reservation fee and extra costs apply
Lease approx. 91 years; service charge £558, ground rent £50
Built pre-1900; period character but likely needs maintenance/insulation work
Double glazing installed before 2002; mains gas boiler and radiators
Area: very deprived with very high crime — impacts resale/letting
This split-level, two-bedroom apartment sits on Union Street in the heart of Ryde, offering immediate access to shops, transport links and the ferry terminal. The large lounge with original features brings character and generous light, while the apartment’s 657 sqft layout provides practical living space for a first-time buyer or a buy-to-let investor.
The property is being sold by modern auction, chain free. Buyers should note the auction process: a non-refundable reservation fee (4.2% of the purchase price, minimum £6,000) and additional buyer costs apply, and the sale is subject to an undisclosed reserve. The lease has approximately 91 years remaining; service charge is £558 and ground rent £50.
Built before 1900, the building retains period character but shows signs of age. The property may need routine maintenance and updating (walls noted as cavity with assumed no insulation). Double glazing was installed before 2002 and the heating is mains gas with a boiler and radiators. Prospective purchasers should carry out full due diligence and factor in renovation and energy-efficiency improvements.
Location is a key selling point: excellent mobile signal, fast broadband and immediate access to local amenities, schools and transport. However, the wider area shows high deprivation and very high crime statistics, which will affect both lifestyle considerations and lettability. For those seeking an affordable entry onto the Isle of Wight property market or an investor looking for rental income and refurbishment upside, this apartment presents clear potential alongside notable practical risks.
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